Millennials may not think so, but most Americans still hearkento Mark Twain’s old saw: “Buy land; they’re not making it anymore.”
You can tell because real estate topped the list of preferredlong-term investments in a new Bankrate.com study, conducted byPrinceton Survey Research Associates International (PSRAI).
Asked which investment they preferred for money that theywouldn’t need for at least a decade, 27 percent chose real estate.Another 23 percent said cash (one wonders how good their mattressis) and just 17 percent opted for the stock market.
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