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HOMEOWNERSHIP AS AN INVESTMENT
Billionaire Andrew Carnegie famously said that 90% of millionaires got their wealth by investing in real estate. We wanted to know: Is this still true? Is investing in real estate still a good idea?
According to many top financial advisors, the answer is a resounding yes.
It’s always a good time to buy real estate. Here are a few reasons why:
- Real estate consistently increases in value over time and can outperform other investments
- Mortgage rates continue to be at record lows
- Monthly rental payments can easily cost the same or more than the mortgage payment on a larger single family home
- Real estate isn't as vulnerable to short-term fluctuations as the stock market
- Homeownership provides a sense of stability and security. It's making an investment in your future.
Real estate moves in cycles, sometimes up, sometimes down, yet over the years, real estate has consistently appreciated. Many people view their home investment as a hedge against inflation.
Primary Mortgage Market Survey
U.S. weekly averages as of 09/17/2020
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