May 22nd, 2010 1:52 PM by Edgar Carroll Jr
Considering the problems the Real Estate Market has experienced, did you hear what was said on CNBC May 20, 2010 when the Stock Market took a big fall?
One analyst stated the stats. "If one bought stocks in the Dow Jones Industrials ten years ago as an investment, your portfolio today would have gained 0 percent over that ten year period (2000-2010)".
In comparison, lets use the South Bay (South Torrance) as an example, if one bought a 3 bedroom, 2 bath home ten years ago (year 2000). Purchase price approximately $500,000.00. Today the approximate value would be $700,000.00. Real Estate has and will remain the king for investors.
Ed Carroll Jr