Some are reporting that there is trepidation regarding the real estate market in the United States. Apparently, the American people are quite comfortable. Porch.com, a major network helping homeowners with their renovation projects, recently conducted a survey which asked Americans: “What do you believe is the safest investment over the next 10 years?” U.S. housing came in at number one, beating out … Read More
The economy is currently experiencing the longest recovery in our nation’s history. The stock market has hit record highs, while unemployment rates are at record lows. Home price appreciation is beginning to reaccelerate. This begs the question: How long can this economic recovery last? The Wall Street Journal (WSJ) Survey of Economists recently called for an economic slowdown (recession) in the near future. The most … Read More
Most of us have funds set aside for retirement, whether it’s a 401(k), 403(b) or IRA. Often, our employer will incentivize us to contribute to their sponsored plan with a company match. The basic idea is that contributions are made pre-tax and any interest, dividends or capital gains are not taxed. In fact, the money is not taxed until you … Read More
If you’re still not convinced that real estate is the best choice for your long-term investing strategy, consider this example. If you diversified your $50,000 retirement fund in stocks, bonds and mutual funds and were able to maintain a 5% annual growth, you would have a balance of $216,097 after 30 years. If you paid your taxes (ordinary income,) put … Read More
Every three years, the Federal Reserve conducts its Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to … Read More
Some Highlights: Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 6 years. Stock owners are more positive about real estate than stocks as an investment. Of the 4 listed, real estate is the only investment you can also live in!