There are many types of investment opportunities, including real estate. However, real estate as your primary residence may not be all that appealing.
Historically, residential real estate has appreciated at a little over 6 percent a year. But rising prices are only part of the story. Appreciation figures don’t capture the vast amounts of money that people spend on financing, insurance, maintenance, repairs, improvements, or property taxes. Then you have to account for inflation.
In some areas, home ownership as an investment is a losing proposition, and in others it can be a true blessing of an investment.
Overall, a home is a place to live, a place to raise a family, and a place to enjoy life. Your primary residence should first be just that, a primary place to live and have shelter. Investment comes second.
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