As a broker, my job is to list and sell homes, so of course, I'm going to tell you that you should invest in real estate if you want to build long term and lasting wealth.
We all know that the housing market took a big hit in late 2008-2009 and the recovery has been slow. Although things are looking better with rising prices and a lack of inventory, causing cases of multiple offers, values have not skyrocketed like they did in the period between 2005-and mid 2008.
Some pundits have insisted that perhaps housing is not the best investment vehicle for long term wealth acquisition. A recent KCM blog offers a little insight on this question. Please click here to read the article.
All in all, it appears that home ownership is still the single smartest and safest way to build long term wealth.
When you're looking to buy or sell a property, please give me a call. I always contribute a portion of my commissions to the Wenatchee Valley Humane Society. With your help we can put some deserving dogs and cats into new homes too!