Traditionally, property has been one of the most consistent ways to get rich. Owners of multiple properties increase their portfolios of passive income with a resource that will always be in demand. Furthermore, while there have been instances where property has plummeted in value to disastrous effect, property prices generally rise as the years pass.
However, in 2022 you may very well be wondering whether property remains a good investment. Property prices have been soaring recently and are now at record highs throughout the United States. Should you spend the extra money to build a property portfolio or are there better alternatives?
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