The importance of real estate on our economy cannot be stressed enough. Land is an asset that has always been of great value and always will be. Investing in real estate is something anyone and any business should do if they are looking for a long term investment that has a great return on your money. This is because, in general, land and the structures attached to it increase in value over time!
The real estate market today is more exciting than ever, while housing costs and mortgage rates are at record lows. The article below states that mortgage rates are on average just 3.5%! Now, more than ever, is the time to stop renting property and to buy a home. If you have money saved up and are credity-worthy, the wise financial decision would be to invest in real estate in the near future. The market is on the rebound and prices are sure to bounce back. If I wasn't a poor college student, I would definitely consider buying a house!
http://www.marketwatch.com/story/its-now-cheaper-to-buy-than-rent-trulia-2012-09-13
While it is true that in general real estate appreciates in value, that is not a guarantee! I like the article below, because it takes a realistic look at owning property, both positive and negative. One downside to owning property is the amount of time and effort it takes for upkeep. Before buying a house, the owner should make sure he is aware of the amount of time and money it takes to deal with water leaks, electric problems, bad neighbors, etc. This article also brought to my attention that not all properties are good investments. Trendy downtown condos, beach houses, and prime locations aren't going to appreciate in value very much, if at all, in the amount of time many people are planning on holding the property.
http://homes.yahoo.com/news/add-real-estate-investment-portfolio-205713777.html
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