Real estate always in style for the rich
September 20, 2019 | Adam Shell | Investmentnews.com
Whether it’s buying a waterfront home, a publicly traded real estate investment trust, an apartment complex or investing in a trophy high-rise building, wealthy Americans need and want real estate exposure.
The ability of real property to provide income and diversification to a portfolio filled with stocks and bonds is a major part of its appeal.
There’s always a place for real estate in the asset mix of the rich, no matter what inning of the economic cycle we’re in, according to financial advisers. Still, 10 years into the longest expansion ever — and with prices for most properties elevated and fears of a U.S. recession rising — advisers say caution is warranted.
