Best Long Term Investment? Real Estate
Real Estate as Investment Through High Inflation?
Inflation is reaching its highest level in 40 years, so let's look at the financial benefits of homeownership during rising inflation.
When you purchase your home you're locking in your monthly housing payment. Yes, property taxes and maintenance expenses may creep up, but you've protected yourself from increasing costs in the biggest portion of your housing expense, the principle and interest.
If you’re a renter you aren’t protected from increases in your housing costs, namely rising rents. Additionally, you've got to struggle with higher mortgage rates and housing costs if you do decide to buy a home in the future.
Historically, Home Prices Rise During Inflationary Times
As prices rise your home, which is an asset, increases in value over time. Even during inflation. So spending money on tangible assets like real estate make good sense during inflationary times. And real estate in the Carroll ISD is an especially great hedge during periods of high inflation.
Housing is a strong investment, especially when inflation is high. Locking in a mortgage payment protects you from an increase in housing cost, and you have the added benefit of owning an asset that typically gains value with time. If you want a better understanding of how buying a home could be a great investment for you, let’s get together.