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10 Amazing Real Estate Facts

10 Amazing Real Estate Facts

Real estate is an amazing business, because it exists in every country all over the world at so many different volumes and income levels. Everyone in the world who can afford a house needs one, so there are some interesting situations that arise. Here are 10 of the most interesting real estate facts we could find to show you what a crazy industry it really is.

  1. Warren Buffett, one of the richest men in the world and owner of Berkshire Hathaway, still lives in the same house he bought in 1958. He paid $31,500 for it.
  2. In Scotland, homeowners paint their front door red when they pay off their mortgage
  3. A man once traded his way to a house by starting with a red paper clip.
  4. A great depression-era gangster named Charles Floyd would destroy mortgage documents whenever he robbed banks, freeing many people of debt and making him a hero in the eyes of the public.
  5. India’s richest citizen built a $1 billion dollar house with 27 floors and 6 parking garages
  6. In New York, sellers have to legally disclose to potential buyers if they think their home is haunted by ghosts
  7. The Burj Khalifa in Dubai is so tall that you can watch the sunset from the ground floor, take an elevator up to the top, and watch it all over again
  8. With the use of prefabricated building models, builders in China are able to build 30 story buildings in as little as 15 days
  9. Brass doorknobs disinfect themselves, because brass is antibacterial and antimicrobial. This is why so many doorknobs are made of the same material and look the same.
  10. Monopoly was originally designed to teach players about the nature of capitalism

 

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