Andrew Carnegie, a billionaire, voiced that 90 percent of millionaires became wealthy by investing in real estate. This is a trend that has continued and the reality is not far off.
A real estate article by Gallup breaks down the numbers on just how many Americans see real estate as a better investment than stocks, gold, savings, and bonds. As you can see below, 41 percent of Americans chose real estate as the best long-term investment.
Real estate is a very lucrative and promising long-term investment if done correctly. Morgan Stanley confirmed this, saying, “unlike 15 years ago, the euphoria in today’s home prices comes down to the simple logic of supply and demand. And we at Morgan Stanley conclude that this time the sector is on a sustainably, sturdy foundation.”
With tight mortgage lending standards and robust demand, a real estate investment is well worth your time. There are many benefits to this type of investment, such as:
- Residential properties can generate income year-round.
- The right investment will continue to appreciate.
- You may get six-figure tax breaks.
- People will always need a place to live.
- Real estate offers unlimited options.
Real estate can be a very good investment. It is important to work with a professional on investing in the “right” property to assure you will have a profitable return on your investment. When buying a home, download the DML app to get preapproved seamlessly and find outstanding mortgage loan solutions.