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And they have actually been so destructive 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 genuine estate you require to know before you even think of purchasing a house. One thing I constantly speak with people who are about to buy a house is, "Purchasing genuine estate is a financial investment! One day this house is going to be worth METHOD more than it is now." Look, I get it.
When the fact is individuals who state things like this do not account for the invisible elements like inflation and maintenance. Yale economic expert and Nobel Laureate Robert Shiller reported that from 1890 to 1990, the return on residential property was simply about NO after inflation. Realtors and property owners are going to flood my inbox with hate mail for saying this, but property is the most overrated financial investment in America. http://suliko.in.ua/?option=com_k2&view=itemlist&task=user&id=269680 |
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