Real Estate Is Still A Long-Term Investment
As the greatest housing boom since records were kept begins to wane, it is time to revisit real estate in a more traditional way.
Unlike in recent years, you can’t expect to hold a house for just two or three years and turn a profit on it. It still does happen and some people still profit handsomely, but that is more of the exception than the rule.
Real estate is, once again, a long-term investment.
The best long-term investment is one that you can hold for at least five years without fear of “something happening”. Recently it was common advice to purchase the largest house possible, with the idea that the home would appreciate and you could reap the profits.
In the current market, though, you must instead plan for the long haul.
And there are plenty of available homes and viable housing options in every market, so make the most of the opportunity with your real estate agent and find a home you love and can keep.
