The question always come to the front of the line. It is something that should be considered when you are considering building wealth. In the Santa Clarita Real Estate world – We have a lot of investors that just want the “real” numbers when it comes to purchasing then renting and purchasing then flipping.
The word on the street is that you should buy real estate, not stocks. There is a lot that can be said for this piece of advice. Let’s face it, you could buy a stock today and see it drop tomorrow, and the last couple of weeks have seen a lot of drops. Certainly the same could be said for real estate, the past few years have definitely seen dramatic drops, but overall real estate can offer a more steady investment over time.
Unlike investing in stocks, housing can help pay for itself through tax write-offs and rental income. While there are some stocks that offer dividends, for the most part you buy at one price, and sell for another.
In addition, most real estate markets appear to be bumping along the bottom. While many areas continue to see drops in home prices, the drops do appear to be less dramatic. Affordability levels are better than they have been in 50 years, another great incentive to invest in property.
Overall, housing appears more stable than the stock market at the moment, combine that with the ability for your investment to help pay itself off and real estate seems like the place to be. After-all, it’s definitely a buyers market out there!
If you are in a quandary about what your home is worth in today’s market. Visit our Santa Clarita Market Snapshot page for full details and market activity.