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According to Bankrate’s latest Financial Security Index Poll, Americans who have money
to set aside for the next 10 years would rather invest in real estate than any
other type of investment.
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?”
Real Estate came in as the top choice with 25% of all
respondents, while cash investments (such as savings accounts and CD’s) came in
second with 23%. 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.”
Bottom
Line
There
are several reasons, both financial and non-financial, as to
why homeownership makes sense. It is nice to see that Americans have
returned to a belief in homeownership as the best investment.
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