Every year,GallupsurveysAmericans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks, gold, and savings accounts.
For the sixth year in a row, real estate has come out on top as the best long-term investment! That has not always been the case.Gallupexplains:
“Between 2008 and 2010, covering most of the Great Recession period that saw plummeting home and stock values, Americans were as likely to name savings accounts or CDs as the best long-term investment as they were to name stocks or real estate.”
This year’s results showed that 35% of Americans chose real estate, followed by stocks at 27%. The full results are shown in the chart below.
Now that the real estate market has recovered, so has the belief of the American people in the stability of housing as a long-term investment.
Author:Michael Le Phone: 303-356-8282 Dated: May 24th 2019 Views: 803 About Michael: Michael has been a Real Estate Broker in the Denver area for 21 years. With over hundreds of closed...
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"Kelly Hunter recently handled a long distance home sale for me. Her knowledge of the area where I was selling was excellent. She was immediately responsive to all the questions that I had, and kept me informed throughout the process (sometimes several times a day). She was able to negotiate a very satisfactory price for the home. I would highly recommend Kelly to anyone selling or buying in the Denver area