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Chapter 1: why invest in real estate?
- Article from:
- Making Money in Real Estate
- Article date:
- January 1, 2000
CopyrightCOPYRIGHT 2000 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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"More money has been made in real estate than in all industrial investments combined."--ANDREW CARNEGIE (1815-1919), AMERICAN INDUSTRIALIST
MR. CARNEGIE, FOUNDER OF U.S. STEEL AND ONE of the great industrialists of American history, said those words at the turn of the 19th century. They held true through most of the 20th century--until Bill Gates redefined "industrial investment," that is. Up to the age of computers, for most people, investing in real estate was the best road to riches in the United States.
Was it our love affair with the chip then that prompted the following lines in The Wall Street Journal Lifetime Guide to Money published in 1997? ...