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I don't know anyone who is "underwater" in their stock portfolio, owing more than the money they've invested. But according to latest figures, one in five mortgage holders are underwater. And as the economy gets worst, this number is sure to increase. Yea, RE sure is a great investment.
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Loss in Real Estate vs. Loss in my Financial Portfolio
Lydia Player, "LydiaPlayer"
Dallas
Real Estate Agent
View my 8 listings
Contributions: 476
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Whoa!
Real Estate down less than 10% while other markets have lost 40% and more?
Thats right. I don't know anyone who has lost 40% of the value of their homes in the last year. Do you? There are probably some folks out there who have, but they certainly don't match the huge number of losers in the stock market.
So for all the moaning and groaning about real estate, we need to put it into perpective. People need to learn that your home is not a liquid asset that you can sell or mortgage anytime cash gets short. You can't normally liquidate the clothes in your closet, your car, your furnishings or other personal possessions for more than what you paid for them. But we've changed the way we think of our homes in the past few decades. We no longer think of our home as a neccessary expenditure required for shelter - but as an investment opportunity.
And yet today, real estate is still a great LONG TERM investment.
Like Will Rogers once said, "Buy Real Estate cause they ain't makin' any more of it." You sure can't say that about the stock market.
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