How To Beat Inflation
For those who haven’t noticed how prices have gone up across the board by now, inflation is running rampant in our economy. Nobody knows for sure when it'll stop.
Over the past 50 years, real estate has consistently helped Americans beat inflation because home prices have always risen more than the rate of inflation. If you have a dollar in the bank, in 10 years it's going to be worth a lot less than it is now because of inflation. However, if you put a dollar into a home, you're going to be getting a much better return on your investment. You're making more money on that dollar than you are if you were doing almost anything else. There are risky investments that can pay off more, but over the decades, the best hedge against inflation has been owning a home.
If you're looking at rising interest rates and prices and wonder if you should purchase a home, now is a great time to buy. If you have any questions about real estate, inflation, or home prices, feel free to reach out to me by phone or email. I look forward to hearing from you.