The Single Best Investment for the Next Decade? That question was recently asked of more than a thousand investors in a recent Bankrate survey, and the winner—by a large margin—was real estate. For every two respondents who answered stocks, there were more than three who said real estate is the way to go.
Real Estate, the Single Best LA Investment for the Next Decade
Stocks were the most glamorous of the main asset classes for a long time. Many Hollywood movies have focused on making quick cash and becoming a big shot on Wall Street with LA 100% Real Estate Financing.
But despite stocks excellent long-term returns – for centuries they have averaged about 10 percent annually – shares are no longer the favorite long-term investment of Americans. What is? It’s true…real estate, according to a nationwide study.
Many Americans still see real estate as their top pick after suffering for years from the housing crash that left the economy hurting. Approximately 31 percent of study participants named real estate as their favorite money investment they would not need for 10 years or more. It’s the best showing for real estate in the seven years with Los Angeles 100 percent real estate financing.
Millennials are most attracted to investing in real estate
While some commentators have complained that millennials seem unwilling to buy housing, it is not unwilling to buy housing. Overall, Millennials scored the largest (36 percent) of all age groups in their long-term investment preference for real estate.
Strikingly, in all four classifications of revenue surveyed by Bankrate, the preference for actual property is nearly identical. Between 32% and 34% of the time it was the top investment choice for those who reported earning more than $75,000 a year; between $50,000 and $75,000; between $30,000 and $50,000; and less than $30,000.
Home – or least, real estate – is where the heart is for Americans.