Owning real estate is still the best bang for your buck. According to an annual Gallup poll, Americans say real estate is overall the best long-term investment they can make… beating out stocks, gold, and savings, yet again. This is the eighth year in a row that Americans chose real estate as their top investment vehicle in this particular poll.
“If you’re thinking about buying your first home this year,” says Rosemarie Zembryski, Sales Associate at ERA Justin Realty, “polls like this should assure you that you’re making the right decision.”
Owning a home particularly helps as inflation is rising to a 40 year high.. “When you buy a house, you lock in your mortgage rate,” says Jennifer Darby Metzger, Broker/Owner at ERA Justin Realty, “That means that even as your other bills are going up, your monthly mortgage payment will stay the same. And it will feel pretty low after 15 or 30 years!”
Plus, when inflation rises, so does the value of your home. “That means, you’ll make a nice profit should you choose to sell,” says Zembryski, “Tangible assets like houses become more valuable over time.” Renters get none of these benefits. As inflation rises, so does their rent, even if their landlord’s mortgage payment doesn’t change.
Housing is always a strong investment, but particularly when inflation is high. If you are ready to give up renting and lock in a steady mortgage payment Rosemarie Zembryski or any of the agents at ERA Justin Realty can help. Give us a call at 201-939-7500.