Finding financial freedom with real estate investment continues to top the list
Voted the best investment eight years in a row!
The current annual Gallup poll on long-term investment once again shows Americans chose to find financial freedom with real estate investment. This isn’t the first time investing in real estate has topped annual polls, it has consistently risen in popularity as the best long-term investment for the past eight years. (see graph below):
If you’re thinking about buying a house this year, this survey should give you peace of mind. Even with inflation rising like it is now, Americans agree that finding freedom with real estate investment really shines.
Why Is Real Estate a Great Investment During Times of High Inflation?
Right now it is very important to understand the financial benefits of owning a home as inflation has reached its highest level in 40 years. This rise in inflation means prices are going up across the board. The cost of goods, services, housing costs, and more are all included. But when you buy a house and own it, you lock in your monthly payments for the length of the loan, effectively protecting you against increasing housing payments. The rates are low and locked in for 30 years. The senior wealth management reporter at Bankrate, James Royal, explains it this way:
“A fixed-rate mortgage allows you to maintain the biggest portion of housing expenses at the same payment. Sure, property taxes will rise and other expenses may creep up, but your monthly housing payment remains the same.”
These benefits do not apply if you’re a renter. You are not protected from your housing costs going up, especially your rents. Rents unlike mortgage payments are unpredictable.
History Shows During Inflationary Periods, Home Prices Rise as Well
Home value traditionally keeps up with inflation. Your home is considered an asset that often increases in value over time, even during periods of inflation. This is because, as prices go up, so does the value of your home. And that makes buying a home a great hedge in times of high inflation. Natalie Campisi, a Forbes advisor, notes:
“Tangible assets like real estate get more valuable over time, which makes buying a home a good way to spend your money during inflationary times.”
Bottom Line
In times of inflation, housing makes a strong investment because you’re protected from price increases and own an asset that’s typically appreciated over time. If you want to find financial freedom with real estate investment and better understand how buying a home could be right for you, let’s connect today!
Karen Manzanares
Need Help Selling? Looking To Purchase A Home?
Contact Me Today And Let’s Chat!
Contact Me Today And Let’s Chat!