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And they have actually been so harmful to lots of people's financial circumstances that I feel like I need to dispel some of them today. Here are the four myths of real estate you need to understand prior to you even consider buying a house. One thing I always speak with individuals who will buy a house is, "Buying property is a financial investment! One day this house is going to deserve METHOD more than it is now." Look, I get it.
When the fact is the people who say things like this don't represent the undetectable aspects like inflation and upkeep. Yale financial expert and Nobel Laureate Robert Shiller reported that from 1890 to 1990, the return on property realty was almost ABSOLUTELY NO after inflation. Realtors and house owners are going to flood my inbox with hate mail for saying this, but real estate is the most overrated investment in America. https://www.adirs-bookmarks.win/wesley-financial-group-timeshare |
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