Buying real estate? Think long term

Despite rosy economic reports, key issues could impact purchase

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

Not long ago, buying a home was the best investment you could make. Not only did it provide a place to live, but it provided instant wealth for many homeowners through rapid home-price appreciation. Renting seemed risky. If you didn’t own a home, you’d miss out on equity buildup that would bankroll a move to a bigger, better home.