That is a question we are all asking today. Because of the many stock market investors who speculated in real estate, the problems surrounding subprime loans with the resulting foreclosures and bank failures, and falling home prices. The options are to buy real estate and build wealth or to not purchase property at all, to struggle a lot and have nothing to show for it.The 25 percent who do not own a home end up with no assets when they retire. They have a car loan and owe an average of $9,000 on their credit cards. Those who do not purchase rental property may be forced to work past age 65 to supplement their meager retirement income. You can try to depend upon your retirement. The above chart shows that you should not depend on your retirement income alone to support you, because it will not. Those on Social Security or most retirement programs end up living below the poverty line and are forced to work until they drop, so that is not a solution. Other investment options are not doing so well, either.
Invest in the stock market. We are definitely in a slowdown I refuse to believe we will have a recession, so the stock market is not going to do well for several more years. Invest in gold and silver. They have already made their run it is doubtful they will do much better. Gold and silver are used as a hedge against inflation and a weak dollar. It looks like oil prices are headed down and the dollar is strengthening. Invest in real estate. Those who invest in real estate almost always do well. The following graph shows how the top one percent in income has acquired their wealth. As you can see, the vast majority have invested in real estate.While many jobs may require that you get involved in them fulltime, the real estate industry allows you to be involved either part-time or fulltime. This will no doubt depend on the amount of time you have and the needs you have as well.
When you are first getting started, you may want to start out part-time to get the feel of the industry and on your feet, and later you may want to go fulltime. Other people enjoy just keeping real estate as their part-time job and they use it almost as a hobby or second income. You can make this industry your fulltime or part-time job, and either way you are sure to earn money. Although many people seem to have the idea that working in the real estate industry take a brain like a genius and a great deal of education, this is not true. The education required is actually minimal, and it is simple enough that anyone can get involved in this industry. There will be not complex math or financial skills involved, so there is no need to worry that it is too complicated for you. If you have the motivation and you want to make money, this is an industry that will allow you to do so.
Categories: Real Estate