Real Estate — As Investment
OwnAmerica recently conducted another survey, this one regarding what the public insists is the true best long-term investment strategy. If one had to invest their capital, what direction would they choose in today’s economic climate; would it be to invest in bonds or savings accounts, stocks or mutual funds, or perhaps real estate? It comes to be known, as reported from Business Wire in late February of 2012, that respondents as a whole declared real estate was far and away the best long-term investment route to take.
With all of the recent scrutiny about home values decreasing across the board, granted some areas far more than others, it is surprising that real estate has garnered so much trust from this poll. Overall, 84% of people voted real estate as the best long-term investment, while bonds came in at 4%, savings accounts at 2%, and stocks and mutual funds in second place at 9.9%. These are very strong numbers and shows that the public is clearly educated by understanding the recent news about just how much the real estate market (especially in Massachusetts) is improving.