The Berra's Lake of the Ozarks Real Estate Blog

Lake Area Real Estate vs. The Stock Market
December 14th, 2008 7:38 AM

What has been the better investment in the past 5 years? Owning property at the Lake of the Ozarks or investing money in the stock market? You decide.

In 2003, the average condo sales price at the Lake was $138,401. In 2008, the average condo sales price at the Lake is $198,119.

In 2003, the average home sales price at the Lake was $179,054. In 2008, the average home sales price at the Lake is $227,065.

In 2003, the average waterfront home sales price at the Lake was $243,727. In 2008, the average waterfront home sales price at the Lake is $350.071.

If you have stocks, IRA's or mutual funds, compare their value in 2003 to their present 2008 value. In addition to the average value increasing on Lake area properties, there are a few things that real estate offers that the stock market does not.

*You cannot spend the weekend at the stock market.

*You cannot dock your boat outside the stock market.

*You cannot rent out your stocks.

*You cannot sit on the deck and watch the sunset from the stock market.                                 

The decision is obviously yours. Take some time and think about where you would like to invest some money. If it happens to be at the Lake of the Ozarks, give me a call.

 

 

 

 


Posted in:General
Posted by Mike and Susie Berra on December 14th, 2008 7:38 AMPost a Comment

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