Real estate is often considered synonymous with real property (also sometimes called realty), in contrast with personal property (also sometimes called chattel or personalty under chattel law or personal property law).
The conceptual difference was between immovable property, which would transfer title along with the land, and movable property, which a person would retain title to.
(source: Wikipedia).
Human Beings want to get a piece of this real thing !!!
But in the recent past…..the bubble has bust !
The Real Estate prices have crashed all over the world ! ( somewhere even more than 50-60 percent )…..Things are looking dismal….to say the least !
The potent reasons for this property crash are:
1. Easy loans that made a lot of marginal house owners as ‘eligible’!
2. Greed for making more and more purchases and then selling for profit.
3. Artificial Jacking up of prices by developers…cartels and brokers.
4. Media Hype on Home Ownership.
5. Panic Buying induced by smart slogans like “home prices never fall…they only go up”
The answer….or a solution to come out of this mess….in the long run …is to learn that:
REALTY is not the only ABSOLUTE REALITY….but GREED is an ABSOLUTELY REAL DESTROYER
5. Panic Buying induced by smart slogans like “home prices never fall…they only go up”
The answer….or a solution to come out of this mess….in the long run …is to learn that:
REALTY is not the only ABSOLUTE REALITY….but GREED is an ABSOLUTELY REAL DESTROYER
