I have personally purchased stocks that become worthless paper but I have never experienced or heard of real estate that become worthless. Why else would banks be willing to lend money over a 30 year period? Real estate always has value, no matter what the economy does.
What about all the people who lost money in real estate in the last few years? Also, do not confuse speculation with investment. What "investors" did in Las Vegas and most areas of the country in the last few years was pure speculation, not investment. Money was thrown at real estate (and many other "investments") without rational thought. Most people knew that what they were doing made little sense but the market was in frenzy and &everyone is doing it," The frenzy came to an abrupt halt when reality came crashing down. So, when I talk about investors, I am talking about people who base their decisions on analytics and common sense which was largely absent during this period.
What if you bought a property in 2005 that was paying a 9% return. What would be your situation now? You would likely be getting a 9% (or better) return on your investment. The market value of the property would have fallen like every other property in Las Vegas, but you would still be making a high return. If you had an investment that was making a high return? Unlikely, who sells highly profitable revenue streams.
Real estate has unique advantages over any other investment vehicle I know. Below are the top four categories:
Contact me if you are considering buying or selling Las Vegas real estate. You will be glad you did.
...Eric
Eric Fernwood
RE/MAX CENTRAL
8400 W. Sahara Ave
Las Vegas NV 89117
Email: EricFernwood@gmail.com
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