With all the news about rising home prices and mortgage rates, you may wonder if investing in real estate for sale in Manhattan is still a good idea. The great news is that based on a recent study involving thousands of Americans, the answer is yes. In fact, real estate was chosen as the best long-term investment for the eleventh year in a row, beating out gold, stocks, and bonds every time.
If you plan to invest in real estate, the results from this poll should make you feel better. Even with everything going on in the world today, Americans know that buying real estate at places such as 15 Hudson Yards is a smart financial move.
Helps Build Net Worth
In the US, investing in real estate has traditionally been considered a reliable and sustainable method for accumulating wealth over the long term. People from all walks of life can benefit from the accumulation of wealth through the purchase of their own homes. It is common practice to see a monthly mortgage payment as a forced savings account that assists homeowners in amassing a net worth around forty times greater than a renter’s.
How Investing Grows Net Worth
Your net worth goes up over time as the value of your home goes up, and you pay off your mortgage. And since getting rich takes time, you might want to begin investing in real estate for sale in Manhattan as soon as possible. If you keep renting instead of buying, the rent you pay each month won’t go toward your home equity.
