A rich man's game?

Real estate investments, is it for everyone? They say that 90% of wealthy people either keep a large portion of their wealth in real estate or made their money from real estate. Either way, it makes the question an interesting one of whether we should look towards real estate as a form of building or accumulating wealth.

In the 21st century, as the global economy becomes more and more interconnected, and the marketplace competition becomes more equal with the emergence of the internet as a medium of knowledge, it has become more imperative for the average consumer to invest as a means to keep their income or net worth on par with or slightly better than inflation.

Say hello to real estate or property investment, which has jumped into the limelight more significantly during the past decade in this country. In the past 5 to 6 years alone, there has been a noticeable increase in property INVESTORS in the market, be it the big shot property tycoons, or highly paid professionals or businesspeople in the market, be it laymen such as your average working executive, schoolteacher, college graduate, or any person who was willing to be caught on to the "property investment" fever, or worried about missing out on opportunities. Of course, I am not speaking based on official statistics, but for those of you who are not aware, apart from the currencies markets, I have been involved for some time in the property markets, buying and selling and also being involved in group buying and with friends and business partners alike.

So, can you really get rich through property investments? Or is it just a game for the rich?

Looking back at history, real estate used to always be a revenue churner for the rich and powerful, mostly royalty and/or those associated with royalty, ie knights, civil servants etc. Today, the same privilege is extended to almost everyone.

The plain fact is this, real estate is one of the commodities in this world that is not renewable, meaning one cannot produce land, nor is it something that will produce itself given time, hence, it can be a valuable resource. Throw in the fact that the world population is consistently increasing, and a need for this commodity will increase as well as people require shelter and accomodation, then yes, owning real estate is, can, and will be a significant vehicle for creating wealth.

The question still remains, is it a game that is confined largely to being participated in by the rich and wealthy? Or can anyone with abit of knowledge and alot of determination play this game as well? In my opinion, anyone can play the game, and profit big from real estate investments.....the next question would be....HOW? And that will be the subject of our next discussion in another article......Stay tuned!