Real Estate - It's an Investment

As I read the recently unfolding story about the cryptocurrency “train-wreck” that was FTX, and the billions of investor monies that evaporated, I am reminded how different that is from investing in real estate.

Cryptocurrency is unlike any other investment product. There is no actual hard currency to put in your wallet and drive to the store to buy groceries. It is purely electronic “money”, and when it is abused, bad things happen.

Further, cryptocurrency is not regulated by any national or international agency or government. This may seem attractive to some, but it also has a downside.

Compare that to real estate. Real estate is certainly a tangible asset. It actually exists and you can walk on it. Further, there’s a limited supply. As Mark Twain once said: “Buy land, they’re not making it anymore!” Real estate is well-regulated to protect the consumer as much as possible. While abuses can certainly happen, they are rare.

Consider that real estate can be pledged as security when borrowing money or rented out to produce an income stream and it provides an income tax write off

every year. It also historically increases in value. Real estate has a number of significant benefits not found with any other investment vehicle. Not to mention the less tangible benefits of pride of ownership and a sense of place.

If you are thinking of potential investments in the new year, take a good look at real estate. It may not be as cool as crypto, but it has a proven track record and can be organized to meet your particular needs.

Jonathan R. Krause, President Gambino Realtors

815.282.2222 | www.GoGambino.com