Many people say that investing in Real Estate is one of the best things that you can do for yourself. Should you buy that island, or take concrete steps to start owning that dream home that you've always wanted? In this four part series, I will explore whether the adage of "Real Estate being the best form of investment" is true or not and provide some insight into the property market's ability to help or hinder your investments.
Today there are property laws in some countries that might be applied in a different manner (Eminent Domain) which may affect your investment in this area.
I've included some very vocal supporters of real estate investment below. Let me know if you agree with the former U.S. president and what your thoughts are on this matter before we begin to analyze this more deeply.
- “Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate.”
-- Andrew Carnegie, billionaire industrialist
- “I still think buying a home is the best investment any individual can make.”
-- John Paulson, billionaire
- “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”
-- Franklin D. Roosevelt, U.S. president
I think your articles doesn't address several issues. First...the fact that people never truly own real estate...if you think I'm incorrect...stop paying your taxes and yoI'll identify the true owner. Second..what type of real estate...personal residence, commercial, industrial or agricultural...each has its own characteristics and challenges. The third is the negative impact that the low interest rate has on the real estate market and what that will do to property values when the interest rate is substantially increased.
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Hi, thanks for the reply.
Just to clarify, I am planning on addressing issues about eminent domain later, you'll see that I did mention it. This was just an introductory piece. I will be looking into the different types of real estate later in the series. As this blog is mostly for individuals who aren't familiar with investing, I try to post things in easily understandable articles that are as free as possible from jargon. Due to the nature of what I set out to do in this blog, I also do not delve too deeply into the topic that I am writing about. This is partly due to the fact that it would make the articles I write unnecessarily long-winded and dull. I also expect people reading what I have written to do their own research if they are interested in the advice I have given. This is in order to familiarize themselves with what they are investing in. I have found that when it comes to investing, most people fare better when they do the research themselves, rather than everything being spelled out for them. When you do your own research you retain it in a much more comprehensive way.
Not only that but it is retained in their memory for longer periods of time.
The way memory works is basically, the more connections you have linked with a memory, the stronger it becomes. Doing research for yourself helps build these connections by exposing you to different experiences. Investing is rarely a one dimensional avenue. This serves not only to strengthen the information they will glean from their research, but also to link it to their lives in a personal and useful way. Every person is unique and their financial situation is too. Their research will be a reflection of the calculation of their finances, acknowledging their current situation, goals for their future and a plethora of other things. Sorry for the long reply. I just wanted to let you know why this article was so lacking in information and to alert you to the fact that is was only a fun introductory piece that will be substantiated later.
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I think the mess created by quantitative easing and the extended low interest rates are going to create a real problem in real estate in the not too distant future. When the interest rise and property values drop...there will be good deals for people with capital.
When interest rates rise...keep an eye on the bond market...that's when the roller coaster ride starts all over again.
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