This is according to Yael Geffen, CEO of Lew Geffen Sotheby’s International Realty, who says that not only is property one of life’s essential commodities, but unlike other popular investment vehicles such stocks, bonds and mutual funds which exist only on a financial statement, real estate is a tangible asset class.
“Real estate also offers a wide diversity of available choices, which makes it an investment option for investors on all rungs of the financial ladder, not only high net worth individuals. The most common investment methods, some of which are best for passive income, others for long-term growth or a hedge against inflation:The simplest way to invest and secure your retirement nest egg is to buy the right property in the right area as your primary residence and stay put, adding value as and when you can spare the cash.
Bad advice for most people.