Everybody likes money saved for a rainy day. I do, too. But! Are you saving for a rainy day, a rainy month, a rainy year, or even a rainy decade? It would seem that the more you had saved the better, right? Not necessarily so. Funds sitting idle in your bank are losing value daily due to inflation. Real estate preserves the value of your money, but it also protects your income. Here’s how.
Filed Under: Buy and Hold, Creating Wealth, Featured, Finance, Market Conditions
For a greater portion of this decade the real estate market experienced unprecedented appreciation considerably due to a “Buy, buy, buy!”mob mentality. If you timed it right, you made out like a “fat cat.” If your timing was off, however… you have likely lost a significant portion of your portfolio, are losing it and/or are carrying “money-pit” properties.