Property investments have taken a big hit with the subprime housing crisis and the global financial mess, but property remains a solid investment. Here are 5 reasons we think property remains a solid, wise investment. Please note these are simply observations gleaned from the state of the finance markets, not solicited, official advice in any capacity.
#5: Property is what it is.
We often forget, because of changing prices and the digitization of all finance, that property is a physical thing that can be possessed and stood upon or lived within. Therefore, it has a fundamental physical weight to it that random speculative investments lack, even if those speculative investments can make some people rich. When returning to fundamentals, property should be first on the list.
#4: Boredom is actually a good thing here.
Nothing wrong with being boring. Now that we've abandoned the craziness of earlier years and got back to property's rightful place as a boring, solid investment, we can realize that it should have been there the entire time.
#3: Thanks to the market drop, deals can be found.
If there's any positive when it comes to the housing bubble, it's that you can find solid deals even in the face of disaster -- more than ever, it's actually one of the better times to invest in a 'guaranteed' investment.
#2: A change in behavior is underway.
Although easy mortgages might not be the answer, and banks might be running from them like the plague, the point is that if you do get a home loan, you can be sure that it has been vetted much more strongly than it would have been only two or three years ago. A bank being that cautious? It means your investment is solid.
#1: It seems (sorta) like a recovery has shown up.
Finally, the fact that it seems we've hit rock bottom in terms of the economy is good news -- there's (hopefully) nowhere to go but up. Before another bubble arrives -- and one will -- you should use the prevailing financial winds as your guide: make smart, future-proof investments that are bubble-proof. If you don't expect miracles, you'll at least get results. - 29970
#5: Property is what it is.
We often forget, because of changing prices and the digitization of all finance, that property is a physical thing that can be possessed and stood upon or lived within. Therefore, it has a fundamental physical weight to it that random speculative investments lack, even if those speculative investments can make some people rich. When returning to fundamentals, property should be first on the list.
#4: Boredom is actually a good thing here.
Nothing wrong with being boring. Now that we've abandoned the craziness of earlier years and got back to property's rightful place as a boring, solid investment, we can realize that it should have been there the entire time.
#3: Thanks to the market drop, deals can be found.
If there's any positive when it comes to the housing bubble, it's that you can find solid deals even in the face of disaster -- more than ever, it's actually one of the better times to invest in a 'guaranteed' investment.
#2: A change in behavior is underway.
Although easy mortgages might not be the answer, and banks might be running from them like the plague, the point is that if you do get a home loan, you can be sure that it has been vetted much more strongly than it would have been only two or three years ago. A bank being that cautious? It means your investment is solid.
#1: It seems (sorta) like a recovery has shown up.
Finally, the fact that it seems we've hit rock bottom in terms of the economy is good news -- there's (hopefully) nowhere to go but up. Before another bubble arrives -- and one will -- you should use the prevailing financial winds as your guide: make smart, future-proof investments that are bubble-proof. If you don't expect miracles, you'll at least get results. - 29970
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