Real Estate
Why Real Estate?
For many readers of this site, real estate may seem like a daunting and forbidding prospect because they are just starting out with managing their own money, and they feel that they lack the resources and experience required to invest in it. However, you should always keep the option open, because real estate can be very lucrative. Especially with the current housing bubble in many places in the United States, real estate prices are growing rapidly and a property purchase can turn out to be a very worthy investment.
Dramatic Increase in US
Real estate prices have increased dramatically in the United States, as seen in the graph below. Although some of it is due to inflation, much of it is also real growth due to demand outstripping supply of the properties. (From the National Association of Realtors, 2004)
The year-upon-year increase in prices is shown in the graph below:
Conclusion
Real estate is definitely very hot and people of all ages should look into it as a worthy investment. Instead of spending money on an apartment, if you purchased a house you could live in it, have it increase in value, and possibly reduce your taxes. Real estate is certainly a worthwhile investment.