In a recent national Bankrate survey, real estate was voted #1 over CD’s, gold, the stock market, bonds and others for most desirable place to invest money long-term.
Investors with higher salaries of $75,000 or more said they like real estate 33% of the time, while those with salaries of $50,000 to $75,000 chose real estate 23% of the time. According to the survey, this is due to people feeling uncertain about the stock market because of volatility and it not being tangible like real estate.
Yet, as we all know, real estate doesn’t come without problems. It can and does go down in value at times, and since it is tangible, a whole other set of problems like repairs and maintenance are part of the investment.