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And they've been so harmful to lots of individuals's monetary situations that I feel like I require to dispel a few of them today. Here are the four myths of realty you need to understand before you even consider purchasing a house. One thing I constantly hear from individuals who are about to buy a house is, "Buying genuine estate 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 state things like this don't account for the undetectable factors like inflation and upkeep. Yale financial expert and Nobel Laureate Robert Shiller reported that from 1890 to 1990, the return on property property was just about ZERO after inflation. Realtors and property owners are going to flood my inbox with hate mail for stating this, but real estate is the most overrated investment in America. https://www.ted.com/profiles/25241979 |
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