Real Estate Will Always Be A Good LONG TERM Investment
February 17th, 2010 | categories: Coconut Grove Real Estate
Despite the downturn in the market real estate remains a good long term investment. Take a look at the above chart taken from MSN Money.com which compares different investments over a 10 year period.
If you had $100,000 at the beginning of 2000 and invested in the Dow you would now have about $95,000. If you invested it in the S&P you would now have less than $80,000. And if you invested in the NASDAQ, you would have less than $60,000.
But if you took that same $100,000 and invested it in real estate in January of 2000, you would have over $150,000 in your pocket.
Real estate is and always will be a good long term investment.
If you are interested in buying or selling real estate in Coconut Grove and are looking for a realtor who specializes in the area, please contact me at 305.342.1623 or send me a note here.
Depends on what 10 year period you pick.
Residential real estate is NOT an investment. Better to think of it as a hedge on housing costs. You get to “fix” much of the cost of housing as long as you are able to pay the mortgage and Uncle Sam allows you to leverage and deduct, (at renters expense) some of the cost.
Snowball