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The KCM Crew2014-06-27 07:00:302014-06-23 16:48:41What is the Best Long Term Investment? Real Estate [INFOGRAPHIC]
No, this is what people *believe* is the best long-term investment. And if they say real estate, the math says they’re wrong. This isn’t a matter of “if you believe it hard enough, it’s true.” It’s a matter of simply looking at data.
Andrew,
We realize that this is what different age groups ‘believe’. That is why the subtitle of the infographic is “Belief Across All Age Groups”.
However, from a statistical standpoint, real estate may very well be the best investment. If you don’t believe me, check out the following post regarding research done by Harvard University:
http://www.keepingcurrentmatters.com/2014/05/13/harvard-5-financial-reason-to-buy-a-home/
Andrew, I would like to see the data you referred to. Sounds worth my time.
Stu
I’ll believe real estate is a good investment when the house I bought 15 years ago would sell for what I paid for it 15 years ago. That’s in Minnesota, where we didn’t feel the bubble nearly as much as most of the Country. In Minnesota where unemployment currently stands at 4.7% and the metro area at 4%. My entire neighborhood of over 400 houses is still selling for less than when we built.
Jim – What part of Minnesota did you purchase the home in? Was it 1999 when you purchased it?
Eden Prairie, one of the wealthiest suburbs of Minneapolis, 1999.