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Just like with the stock market, real estate market has ups and downs. Honestly I think banks do not want people to own property and would rather become landlords with a steady monthly income stream vs having to deal with the real estate market variations. Wouldn’t you like to be paid regardless of what the market does and have the ability to upwardly adjust rents at least annually? That makes shareholders happy.
It’s far better to own rather than rent and hedge your bets. Just like the stock market, housing prices rebound and will still continue to be a good addition to your investment portfolio. Timing is of course important but I do not foresee a crash like we had in 2008, maybe a flattening or a slightl correction. You just have to look for the values. Plus like precious metals, it is a tangible asset. Paper money is increasingly becoming electronic and far less tangible and more likely to vanish in the case of a crisis.
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