What people ask for has nothing to do with the value of a property. You might see a listing for $300,000 and think you should make a $250,000 bid. But hyper-focus on what the house is worth. You should know what the house is worth by looking at comparable properties. Base your bid on that.
Taxation of private property, or the regulation of such property so as to reduce its value, can become in effect a form of servitude.
I judge property myself by its net earning power; that is the only rule I have been able to get.... This whole island [Manhattan] was once bought for a few strings of beads. But now you will find this property valued by its earning power, by its rent power, and that is the way to value a railroad or telegraph.
Estate agents: like them or loathe them, you'd be mad not to loathe them.
Everyone said, 'You can't lose money in real estate, because they're not making any more of it.' Hmmmm. Where did everyone go wrong?
The house in Chappaqua is up for sale, ... and you can get it for a bargain on Wednesday.
Real estate prices are way out of whack with what people earn.
Did you know that the state is the proud owner of a condo complex in Conway? This budget adds a real estate manager position to assess what we own, and sell those properties that we don't need and shouldn't own.
Every new regulation concerning commerce or revenue; or in any manner affecting the value of the different species of property, presents a new harvest to those who watch the change and can trace its consequences; a harvest reared not by themselves but by the toils and cares of the great body of their fellow citizens. This is a state of things in which it may be said with some truth that laws are made for the few not for the many.
Trial and error does not work in real estate. It's way too expensive to learn from your own mistakes, you need to learn from others' mistakes.
The real estate business was something Dad and I could do together.
The idea of going into the property business and collecting rent four times a year and waiting for five-year rent reviews has limited appeal.
I have already expressed my opinion on this subject in treating of rent, and have now only further to add, that rent is a creation of value, as I understand that word, but not a creation of wealth.
