Main Content

Real Estate Still Holds the Title of Best Long-Term Investment In Los Angeles

Real Estate Still Holds the Title of Best Long-Term Investment In Los Angeles

By Christophe Choo Posted Jul 03, 2024 Latest Updates, Market Activity, Real Estate Advice for Buyers & Sellers, Real Estate Articles, What I'm Reading

Real Estate Still Holds the Title of Best Long-Term Investment | Christophe Choo at Coldwell Banker Global Luxury is Your Local Real Estate Expert

With all the headlines circulating about home prices and mortgage rates, you may be wondering if it still makes sense to buy a home right now, or if it’s better to keep renting. Here’s some information to help put your mind at ease and show that investing in a home is still a powerful decision.

According to experts at Gallup, real estate has been crowned the top long-term investment for a whopping 12 years in a row, consistently beating out other investment types like gold, stocks, and bonds. But why does real estate continue to reign supreme as a top-notch long-term investment? Even today, buying a home can be your golden ticket to building wealth over time.

Unlike other investments that can feel like riding a rollercoaster with their ups and downs, real estate follows a more predictable and positive pattern. History shows home values usually rise, and while prices may vary by market, over time your house is likely to appreciate in value. This appreciation helps grow your net worth significantly. As an article from explains:

“Homeownership has long been tied to building wealth—and for good reason. Instead of throwing rent money out the window each month, owning a home allows you to build home equity. And over time, equity can turn your mortgage debt into a sizeable asset.”

Los Angeles and Beverly Hills exemplify this trend, offering some of the most coveted real estate in the world. The luxury properties in Beverly Hills, with their iconic status and steady appreciation, provide a prime example of how real estate can enhance wealth. Similarly, Los Angeles, with its diverse and dynamic market, offers a range of investment opportunities from downtown condos to sprawling hillside estates. The stability and growth of these markets make them attractive for both domestic and international buyers.

Take Hollywood Hills East, for example. Despite a recent 10% decrease in average sales price to $2.13 million, the market remains strong due to its stunning views, historical charm, and proximity to Hollywood. Or consider Malibu Beach, where the average sales price, though down 55%, is still a staggering $8.62 million, highlighting the enduring appeal of luxury beachfront properties.

If you're debating whether to rent or buy, remember that real estate was consistently voted the best long-term investment for a reason. Whether it's a luxurious home in Beverly Hills, a modern condo in Los Angeles, or a stunning property in Malibu, investing in real estate provides financial stability and growth opportunities.

Bottom Line

When it comes to building wealth that stands the test of time, real estate is the name of the game. If you’re ready to embark on your own journey toward homeownership in Los Angeles, Beverly Hills, or beyond, let’s connect today. Contact us at 310-777-6342 for expert insights and guidance.

Call Christophe Choo at (310) 777-6342 to tour your future home "HERE" or click "HERE" to estimate your home value

Skip to content