We’ve said it before, and we’ll say it again. Real estate continues to be a good investment. If you look at the chart below, you’ll see that real estate still far exceeds other investments.
A National Housing Survey done by Fannie Mae in November 2010 asked, “Do you think buying a home is a safe investment?” 66% said yes. Then they asked about buying stocks and only 16% considered it a safe investment. That’s four times more people who think buying a home is a safer investment – even in today’s market.
But most people today aren’t buying a home just as an investment property. Rather, they’re buying it as a place to raise their family. The top four reasons why people buy a home, according to the survey are:
- Having a good place to raise children and provide a good education – 80%
- Having a physical structure where you and your family feel safe – 79%
- It allows you to have more space for your family – 75%
- It gives you control over what you do with your living space – 69%
In the same survey, 92% of homeowners think owning a home makes sense while 70% of renters think owning a home makes sense. And, almost all homeowners – 96% – see homeownership as a positive experience.