Every upper middle class doctor, engineer, and lawyer I know is counting on buying the right real estate instead of investing in the stock market. They have a point. Income plus potential appreciation plus real ownership. Lots of advisors absolutely don’t like real estate. But these friends will reply to the advisors that they are speaking about ‘the RIGHT real estate’.
I don’t know real estate, so I don’t know what is ‘right’ and what isn’t.
Doctors I know have already bought the the right investment real estate by 2011.
The “right” real estate usually means overall rent revenue exceeds total expenses (mortgage, taxes, maintenance, insurance), and that prospects for property appreciation is favorable, ie: 5 - 10+% annually.
There is Great concern that current real estate is way overpriced in hot areas, ie: Boston, NYC, LA, SF areas.
There are indications that sales in these markets are leveling off and that there will be a downward correction, especially if interest rates increase and/or the economy goes more sour, as that affects property affordability.
Thanks for bringing up real estate investing.
the right real estate for investing would be (I think) in an area that will eventually be developed. However, read a bit ago about foreigners buying our land with water on it. That would be a prepper criteria and a tribulationist criteria.
Owning your own home, so you have an assured roof over your head, is "right" real estate.
Don't look on your home as an investment. Look on it as a refuge.