Let’s face it, in a world of economic uncertainty, real security is a paid-off home. Additionally, owning a home is your best long-term hedge against inflation and loss of purchasing power. It’s just hard to beat home ownership as an investment.
Stock market investing can be risky and drive years of investment efforts through the floor. Real Estate has proven to be more resilient and stable, plus you get to live in your investment (I don’t think you can do that with Wall Street).
It is a NEW Year, and we had a doozy of a year in 2022, but at some point, a pivot occurs, or the whole house of cards blows away. My money is on an interest rate Pivot.
Read the Original Article Here: Avoid the Rental Trap in 2023