Here are some amazing and some bizarre facts about the US Real Estate
People in the real estate business know for sure the troubles there is to stay afloat. That business is sure known not to be too kind. A few successes here and there are the result of immense hard luck and oodles of luck. Of course, no one is complaining, even with a bleak success rate, the profession sees an influx of maximum number of people every year and if statistics are to be believed, the number is increasing every other year!
Here is a list of some of the most amazing and sometimes quite bizarre facts about the real estate in the US. Here is a warning that some of the facts may freak you out. Nevertheless, we hope you enjoy the list as much as we enjoyed compiling it for you and learn more at Foley Homes website
Mc Donald and the real estate connection:
Mc Donald’s has so many commercial properties that it can now be safely classified as a real estate giant rather than a fast food chain flipping burgers for its living. The fact is that all the Mc outlets are actually company owned properties where the franchise for making and selling the burgers is licensed to the franchisee. The company thus reaps high profits from its investment in the real estate. We bet you never knew this! Or did you?!
About Trump and his Presidential residence:
Donald Trump has in his life declared insolvency for four times until now. Well, that piece of news is of no consequence at all! Yes, it is when you realize that he is the resident in a place today that is valued at a whopping $110 millions. You are right. We are talking about his official residence, the White House!
Homeless in the US:
A most recent survey pegs the rate of homeless US residents at 15 percent of its total population. Now, a further analysis of the situation had pointed earlier to the fact that the real reason is the demand supple curve!
According to the government research, there are five or more times as many homes vacant there without any takers. The real reason that these homes lay vacant while homelessness is still a problem here is that the house lying vacant are all in the up market areas and there is a urgent and real dearth of affordable housing in downtown areas. Some thinking left to be done for the policy makers there!
So, you thought Las Vegas was in Las Vegas?
Ahhaa! Well, almost!!
The reality is that most part of the Las Vegas, the famous casino strip in most parts lies outside the city of Las Vegas. And no prizes for guessing why! It is indeed to avoid the high rate of taxation that the city is famous for charging its casino businesses. So, the next time you are there, look out of you have landed in a place called ‘Paradise’ which your agent and tour booker touts to be in Las Vegas! J
North? Or is it the West?? Or it’s East?
Have you wondered where Alaska is on the US map? This one is a bouncer. Alaska is not only the northernmost state of the US but it is simultaneously also the westernmost and the easternmost state of the US.
So, you thought Lake Superior is deep, huh?
You got that one right, by the way! Geologist and global warming experts across the globe believe that if Lake Superior were to ever swell and flood, the waters were enough to flood north and South America ankle deep! Some water body that!
Have you heard of gangsters who were not only notorious for their illegal acts but also famous for their deeds a la Robin Hood? Okay, so Charles Floyd who went by the nickname of “Pretty Boy” was one such burglar.
He used to rob banks during the Great Depression in the 1930s. Now, why people liked him was that when he burgled those banks, he also would destroy the mortgage papers in there! so much reason for the people to love a gangster, we agree! J
We love this one!
A lot of places in the US have banned all kinds of outdoor advertising in the form of billboards, huge and small in order to preserve the natural beauty of the place. Alaska and Hawaii are two great examples. You can see the beauty of the county side and nature in its purest form without any mention worthy commercial exploitation of the place. Kudos!
One for humility:
The richest man in America, Warren Buffet still occupies the same house that he built for himself way back in 1958. He had purchased it for $32,000 and is considered peanuts today in front of the mammoth wealth that he has created in his lifetime!