Real Estate is more than Property

Because of its magnitude, Real Estate is essential in shaping the economic landscape of individuals, families, and firms throughout our nation. Real Estate is the foundation on which generational wealth is built. Real Estate greatly influences a family’s ability to finance its members’ ability to further their education, needed medical care, and many other substantial desires.

The information below is from an article by Stephen Whelan, University of Sydney, Australia.

Home ownership by Education: Degree-Holding Owners Surge as Those Without High School Drop 30%

Changes in real Estate affect the wealth of an industry and, thus, its growth capacity. 

The resources that come with real estate ownership substantially affect the community’s ability to attract and support profitable business activities. Real Estate provides a secure, convenient, and affordable living environment. The value of real Estate affects a community’s ability to keep quality roads, bridges, dams, airports, schools, police, firefighters, and other such infrastructures needs. Thus, the value of a community’s real Estate directly affects the quality of life in that community.

Real Estate is estimated to represent one-half of the world’s wealth. Real Estate is often viewed as an indicator of a community’s strength, stability, and independence. One need only recall the country’s awakening after the Twin Towers fell. Today, Real Estate is still viewed to be a vital resource.

The prominence of Real Estate shows that our decisions are vital to our individuals, families, firms, and community’s well-being. Better decisions concerning our development and use of real estate asset brings about more incredible productivity wealth, and thus, we receive better life choices.

I am not saying real Estate at any cost. Nor am I saying make the sale; above all else, make the sale. I have heard tales of people hanging oranges from their Joshua Trees to trick easterners into paying too much for their land. We know how the value of Property in Holly Wood increased as movie stars moved in.

Many know that it was none other than Howard Huges who changed the value of Las Vegas.

An article concerning his purchase of Las Vegas is given.

Howard Hughes Buys Las Vegas

We know how a garage operation changes the property values in Silicon Valley and still affects their values today.

https://sanjosespotlight.com/san-jose-sees-rising-taxable-property-values-despite-economic-woes-assessor-assessment-rolls-homes-residential-commercial-real-estate/

These are not new formulas. These few examples show supply and demand at work. For this to occur on any scale, we must begin making informed decisions concerning our fellow human beings and have the world re-assess the actual value of our real Estate. The value of our real Estate is beyond a mathematical equation or the improvements we place upon it. The value of real Estate reflects the nurturing of its community. Someone may assess the physical portion of Real Estate.

Most people know of someone who amassed great wealth through real Estate. Whenever value exceeds cost, an action needs to follow. The growth potential in redeveloping our neglected inner city’s resources would take much work to overstate.

Real Estate is Property. Be it housing, places of employment, places of worship, or government buildings. Real Estate is Property, and how we neglect that Property is reflected in the value of the Real Estate. Property is tangible. Real Estate is tangible and intangible. Real Estate can be a physical object (car, trucks, land, buildings), however, real Estate can also be things you cannot see. Thus, real Estate is tangible and intangible. Therefore, real Estate is more than Property. Real Estate can be mortgages or rents. Real Estate is seen through its financial claims, interests earned, patents, or trademarks that its stakeholders hold.

When one hears the term Real Estate, they must determine if the speaking is referring to:

• The tangible aspect of land and buildings
• The bundle of rights associated with owning it
• Or is it about the industry which markets and sells the physical commodity

It is through the combining of these three attributes that the value of real Estate is determined. Real Estate is more than Property.

Note: Images on this blog site are from a free source. No image or group of photos are intended to represent the people I serve. I don’t care about race (that is a politically correct term that I do not like because we are all of the same race, the human race. I prefer the term ethnicity), color, religion, sex, gender, marital status, disability, genetic information, national origin, source of income, Veteran or military status, ancestry, citizenship, primary language or immigration status. I am a service provider for all people. If we band together and help one another, we will all rise together.