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Americans no longer favor real estate for long-term investments

The Many Ways to Be Relieved of Your Timeshare Obligations While it is true that a timeshare contract is a binding legal document, it is often mistakenly thought that such a contract cannot only be cancelled. In fact, most timeshare companies maintain that their contracts are non – cancellable. This misconception is perpetuated by timeshare companies and user groups that are funded, maintained and controlled by the timeshare industry. For the first time in four years, American did not favor real estate for their long-term investments, a survey by Bankrate has found. Only 22% of US adults said real estate was their top choice for investing money they don’t plan to access for more than 10 years. Real estate only ranked third following the stock market, which was favored by 32%, and cash investments, which was the priority for 24%. Gold, bonds, and bitcoin rounded out the top six, with cryptocurrencies receiving just 2%. Citing the National Association of Realtors, Bankrate said there was 2.2% year-over-year decline in the sales of previously owned homes in June despite an improving economy. Additionally, prices have risen while new-home constructions and mortgage applications have fallen. Meanwhile, home values have increased on a year-over-year basis for 76 straight months.