Buying a Home is One of the Last Wealth Creation Opportunities

[David Cooper]

Due to current low interest rates and anticipated appreciation rates for the next few years, Buying a home is “one of the last legitimate wealth creation opportunities,”

according to Tim Rood, chairman of Washington, D.C.-based business advisory firm The Collingwood Group

“The leveraged return if you put down 10 percent on a house, the trajectory of appreciation lately is you’re going to get your money back inside of a year and

then after that 5 to 10 percent appreciation rates,” Rood said. “It’s phenomenal.” READ MORE BUYING A HOME