Picking Up Hard Real Estate The Soft Way
My parents called the other day reminding me to cut back on dividend investing and start securing a house for our future. A house is a hard asset that always go up, they reasoned, but stocks are just pieces of paper which can vapourize into thin air.
Predictably after the call, I was in no hurry to scamper to the real estate parade and satiate realtors with fat commissions. Contrary to the popular belief, hard assets do stand firm behind stock certificates: factories, equipments, pipelines, phone towers, cheese, hot water tanks, railways, trains, pills, hydroelectric plants, customers, revenues, profits, bank accounts and many more. Moreover, real estate doesn’t always go up. Suppose you bought a home in Vancouver during the peak of 1980, it would have taken 26 years to recover your money.
However, I must concede that our net worth is running dangerously low on […]
Original post by Financial Jungle Guy