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Banking on Real Estate for an Investment?
Millions of Americans have lost their savings because their home equity disappeared when the housing crisis affects were factored in. There are so many sad stories about homeowners losing their home's value and then being unable to qualify for a refinance loan that would help them lower their monthly payment to an affordable level. Foreclosures have reached record highs and many people are asking the question, "Can Americans continue to invest in real estate? In the past, when the stock market sours, those investors would shift their gears towards real estate. Many economists are conflicted in regards to whether or not Americans will continue to make real estate and home buying their top investment.
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