NEW YORK – July 29, 2015 – For many Americans, last decade’s housing bubble is largely forgotten: 27 percent in a recent poll said real estate was the best investment for money they would not need for at least a decade, according to a new Bankrate.com survey of 1,000 investors.
That No. 1 ranking marks the first time real estate claimed the No. 1 spot in the three years that Bankrate has been conducting its research. Cash ranked tops with investors in 2013 and last year.
“It begs the questions if more Americans are once again viewing real estate as a golden ticket,” says Bankrate CFO Greg McBride.
“The singular and best reason to own real estate as an investment is to use leverage,” concluded Stephen Lovell, a certified financial planner in California. “Without it, your return on investment tends to be about 2 percent to 3 percent.”
Source: CNBC News (07/23/15) Anderson, Tom
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