Americans Believe Real Estate is Best Long-Term Investment

Americans Believe Real Estate is Best Long-Term Investment

According to Bankrate’s latest Financial Security Index Poll, Americans who have money to set aside for the next ten years would rather invest in real estate than any other type of investment.  It’s the general consensus that Americans do believe that real estate is the best long-term investment.

Today’s housing market shows it’s strength throughout history even with all of the changes surrounding it, both the good and the not-so-good.

Bankrate asked Americans to answer the following question:

“Which would be the best way to invest money you did not need for more than 10 years?” 

Investing in Real Estate – both long term and short term – came in as the top choice with 25% of all respondents answering.  Next in line were cash investments (such as savings accounts and CD’s) with 23% of all respondents choosing cash over investing in long-term or short-term Real Estate.

The chart below shows the full results:

Sterling White, co-founder of Holdfolio, gave one reason as to why real estate may have ranked so high.

“Houses are tangible. You can physically see and feel the product. So you know where your money is going.” 

July’s poll also found that for the “26th consecutive month, Americans’ sense of financial well-being improved when taking into account debt, savings, net worth, job security, and overall financial situation.”

We have often written, and often  about the financial and non-financial reason homeownership makes sense. It is nice to see that Americans have returned to a belief in Real Estate and homeownership as the best long-term investment.  In addition to Mr. White’s reason as to why Americans believe Real Estate is the best long-term investment, we believe that history has proven itself with the market holding it’s own through it’s ups and downs.