“Under all is the land.” – Preamble to the National Association of Realtors Code of Ethics
“Buy land, they’re not making it anymore.” – Mark Twain
Whether by price appreciation or income cash flow, over history land ownership (real estate) has proven to be a major creator of wealth; wealth that is often passed down from generation to generation. Real Estate ownership has always been more than just an investment – it is often a legacy as well.
Through back and forth economic swings, quality real estate continues to survive. The recent Great Recession has certainly cooled the heels on the old take big risk rules and put a more conservative slant onto real estate investing. But with commercial mortgage rates at an all-time low, there may never be another opportunity like there is today to lock in long term cash flows.