According toBankrate’slatestFinancial Security Index Poll, Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment.
Bankrateasked Americans to answer the following question:
“Which would be the best way to invest money you did not need for more than 10 years?”
Real Estate came in as the top choice with 25% of all respondents, while cash investments (such as savings accounts and CD’s) came in second with 23%. The chart below shows the full results:
Sterling White, co-founder of Holdfolio, gave one reason as to why real estate may have ranked so high.
"Houses are tangible. You can physically see and feel the product. So you know where your money is going."
July’s poll alsofoundthat for the“26th consecutive month, Americans’ sense of financial well-being improved when taking into account debt, savings, net worth, job security, and overall financial situation.”
We have often written about the financial and non-financial reason homeownership makes sense. It is nice to see that Americans have returned to a belief in homeownership as the best investment.
Author:Keri Pierce Phone: 716-969-1490 Dated: July 30th 2016 Views: 208 About Keri: Let me just be honest. I AM that crazy cat lady but I can definitely help you find the home of your...
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About Kriste Simmons & The Simmons Team of Reliant Realty ERA Powered -931-245-8800
Thank you for choosing The Simmons Team for your real estate needs! We make it our mission to provide you with top of the line services in any type of situation. We specialize in the Clarksville, Montgomery County, Fort Campbell and Hopkinsville areas, but will gladly help you with surrounding areas as well. Our local expertise and wide variety of Real Estate knowledge will benefit you whether you are buying or selling for the first or the tenth time.