We all need a place to call home but even with the real estate downturn, many people continue to think that buying a home is a good investment and a way for them to build wealth. When times were good, this was not really the case for most people. Wherever you choose to live, make sure it’s for the right reasons. Owning a home can be rewarding. Renting an apartment home at Abberly Place can also be very rewarding. Don’t just take our word for it – check out this article on Yahoo Finance – Why Your How is not the investment you think it is.
• If you bought in Rochester, N.Y., in 1980, you would have seen only a mediocre 4% annual growth for the next 25 years.
• If you bought in Dallas in 1986, as the oil boom went bust, your home wouldn’t have appreciated at all before 1998.
These are just a couple of points to consider and think about. Leave your comments bellow and let us know what you think about buying and renting…