Properties

The outright ownership of real estate has long been considered as a sound long-term investment, carrying with it a goodly amount of protection against inflation.

Unfortunately, real-estate values are also subject to wide fluctuations; serious erros can be made in location, price paid, etc.; there are pitfalls in salesmen's wiles.

Finally, diversification is not practical for the investor of moderate means, except by various types of participations with others and with the special hazards that attach to new floatations.

This too is a field not without risk. As the usual advice given to investors: "Be sure it's yours before you go into it."