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Opinion- Why Real Estate is the Greatest Store of Wealth.
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[QUOTE="Etini, post: 322181, member: 90141"] I heard someone say that no matter how much you have, if you don't have a landed property, you are poor. That statement is highly controversial but surprisingly true. I have researched all kinds of investments and I have found out that real estate is the greatest store of wealth. In this post, I would share my thoughts on why real estate is the greatest store of wealth. Firstly, with real estate, there is a tangible asset that can be felt and touched. And this means that it can be transacted with easily. It is more stable than stocks and bonds because it's market does not fluctuate like other investment markets. Secondly, with real estate, the investor has a direct bearing on the outcome of his or her investments. With stocks and bonds, the investor doesn't have a hand in what happens with the investment. The owner of real estate can determine how much he or she wants to sell or rent his property. Thirdly, real estate investment appreciates overtime. I know that the housing markets can fluctuate sometimes but it is not as volatile like stock market. If a person can hold unto a real estate property for a long period of time, the property is bound to appreciate. And when it is eventually sold, it is at a good profit margin. With all these positive characteristics, I believe that real estate is the greatest store of wealth. I can boldly say that if a person doesn't have real estate properties, he is not truly rich no matter how much money he has. [/QUOTE]
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