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Is your home a bad investment?
Manage episode 382446512 series 3460347
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Welcome back, Dreammakers! Today, on "Today in Mortgages," we're talking about whether your primary residence is a good investment. An article from Yahoo Finance states that you shouldn't buy a home solely as an investment. Rich and I discuss this statement giving our opinions on the matter. We believe buying a home for most middle income families is their primary investment, and biggest wealth building tool. Especially when you plan to live in the house for many years. Historically, over the last 81 years there's only been 6 years where home have lost value. We would say that is a pretty good long term investment strategy.
We know fears are high, and and as mortgage professionals, we need to coach our borrowers around these types of questions. We are here to help, so they can make the best decision for themselves and their families.
If you found this episode informative, consider joining Rich Inside the Network for daily coaching and more resources to stay smart in the mortgage world. For now, thanks for tuning in to "Today in Mortgages." We appreciate you, and we'll catch you next time!
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