Real Estate Trails Behind Stocks As Americans’ Favorite Way To Invest
Brenda Richardson is a Senior Contributor for FORBES, she’s also an award-winning journalist and former real estate editor at the Chicago Tribune, check out her latest on how the pandemic is changing the way people invest in Real Estate.
In the age of a coronvirus pandemic, it might be tempting to hide your money under a mattress and accept uncertainty about the economy, employment and finances. But, as it turns out, investing in real estate is a popular way to invest over a period of 10 years or more, right behind the stock market, according to a new Bankrate.com survey.
Twenty-six percent of survey respondents, down from 31% last year, look to real estate as one of the best possible investments they can make for money not needed for a decade or longer versus 28% who favored the stock market.
“Despite stocks falling by more than one-third in just over a month at the outset of the pandemic, more Americans point to the stock market as the best place to invest money long term,” said Greg McBride, chief financial analyst.
“The swift rebounds this spring and following a 20% decline at the end of 2018 have convinced more investors of the market’s long-term merits.”