Your Home Is Your Best Investment

Report:

Without a doubt - without any question in my mind - the best investment you will make in your lifetime is the home you buy and live in. As long as you are alive, you have to live somewhere. And if the recent downturn in the stock market proves anything, it's that housing is your best investment. Why? First of all, you can't live in a stock, mutual fund, bond, treasury, money market account, etc.

"When you buy a home, you get to live in it! Your home is your castle. It's where you love and live with your family - it's where your memories are made. Homes are much more than investments, they are your shelter and your safety. But if you return to why homes make great investments, the simple answer is that they are forced savings (when you pay your mortgage you pay down your home), they ultimately are leverage and they go up in value long-term. I promise you a decade from now, most housing markets will be higher than where they are today."

I cannot agree with Bach more! One of the fundamental basics behind investing in anything is "buy low, sell high."

Here we are: a time when prices have stayed relatively stable and interest rates are historically low. As I write this today, owner-occupied interest rates for a 30-year loan are hovering around 5.5 percent. This is a wonderful opportunity to buy a new home, whether you are ready to move up, downsize or buy an investment property.

Unlike a stock or bond, a home is a tangible asset. Years from now, everyone will look back and say, "I wish I would have bought back in 2008 or 2009." You can make that wish a reality.