For most families the largest financial investment they will make is their home. A home is a large monetary investment and should be viewed as a savings investment as well. Homes are thought of as a “fixed asset”, increasing in value over time at a steady rate. This is not always true. A home can change in value over time, like the up and down cycles of the stock market. The severity of the cycle can determine whether large returns or losses result depending upon if the home is sold.
Similar to a savings account, the best (more…)