15 Things You Didn't Know About The Real Estate Industry

this is industry Wednesday every Wednesday we analyze a different industry today we're looking at 15 things you didn't know about the real estate industry welcome to a lox calm the place where future billionaires come to get informed hello a Luxor's so great to have you back with us today we're going to be discovering the 15 things you didn't know about the real estate industry if you've got money to invest investing in a real estate is always a good idea whether to buy yourself another home in a luxurious locale or just acquire a new condo find some tenants and collect rental fees you almost can't go wrong as long as you do the research and plan your purchase wisely if you're new here welcome be sure to subscribe and follow us on instagram at a luxe but let's not waste any more time than we need to and dive into the 15 things you didn't know about the real estate industry number one the most expensive place in the world to buy real estate is in Monaco Monaco has always been at the top of the list for expensive real estate so this is no surprise in today's market you could probably buy an apartment about the size of a roomy closet around 172 square feet for $1,000,000 but why is it so expensive it's beautiful a tax haven if you're French and of course it has the Grand Prix Japan is next on the list with an average home in Tokyo only being 1500 square feet and costing upwards of $600,000 new york city can't be left off this list either as apartments in the desirable borough of manhattan go for around three million dollars for two thousand square feet number two the most expensive real estate deal happened in Hong Kong in November 2017 Hong Kong tycoon and owner of CKD asset Holdings li kai-shing at the age of 90 sold his center tower the fifth tallest building in the city for a record five point one five billion dollars to a group of investors from mainland China known as CH MT peaceful development Asia property this is the most expensive real estate deal on record the beautiful Tower is 1.2 million square feet made entirely of steel and capable of housing office space retail space and 402 cars in a parking lot and a fun fact the main lobby was used in the Hollywood film The Dark Knight number 3 America's richest real estate tycoon is Donald nope not Trump it's another Donald in California Don Brent Brent has a net worth of about seventeen billion dollars which he made with a ten thousand dollar bank loan you heard that correctly he literally is a self-made billionaire his real estate company Irvine owns one-fifth of the coveted and very expensive Orange County and it's the largest landowner in California not bad for a guy who went to college on a scholarship served in the Marines and then took out a small bank loan his real estate company literally changed the face of suburban California with bedroom communities number 4 Mukesh Ambani chairman of Reliance Industries built the world's famous Antilia at the cost of 1 billion dollars Mukesh Ambani chairman of Reliance Industries built the world-famous Antilia in South Mumbai India in 2010 to the tune of 1 billion dollars the four hundred thousand square-foot tower requires 600 full-time staff members to keep things running smoothly and was designed to withstand an earthquake it has a garage that can hold 160 cars and three heliports it has a movie theater swimming pool and all the bells and whistles you would expect a billionaire to have in their home the construction of it was received with less than enthusiastic reviews with many people pointing out that building a home on to scale while surrounded by poverty might not have been the most sensitive thing to do it just so happens to be the most expensive house in the world and if you want to see the entire top 10 list click on the top right corner to check it out number 5 blockchain applications are disrupting the real estate industry blockchain technology the ability to share databases and essentially information is set to disrupt the real estate industry with real-time updates on listings and smoother communication with clients and agents and banks this could speed up the buying process for all involved number 6 global wealth is on the rise but real estate investment is declining but that doesn't mean the wealthy are not buying properties to live in and play in while real estate as an investment seems to be slowing down in the market the wealthy all over the world are still looking to buy a second third or fourth home why is real estate declining as an investment smart investors know what goes up must come down and even the wealthiest are not keen on investing in overpriced properties as an investment if they're not guaranteed a solid moneymaker number seven real estate agents might soon be looking for new jobs blockchain is set to take over the paper trail for real estate and online companies are popping up offering $400 for broker fees to help you get through the process of buying this means the thousands of dollars paid out in broker fees could easily be history these online services could do everything from sending your contract to a lawyer finding titles and inspections basically everything an agent would do but all at your fingertips and for much less number 8 Brookfield management in Canada is the biggest real estate company in the world Brookfield management in Canada is the wealthiest property management company in the world with assets of 195 billion dollars they are hands down one of the most powerful companies across the globe besides owning much of the skyline in Toronto Sydney London and LA Brookfield as a copious landlord in Berlin for SIL and the Bahamas but besides its land owning capability Brookfield is probably the largest purveyor of infrastructure in the world it owns 18 hydroelectric plants and is the largest independent owner of cell towers it owns electric power lines in Ireland wind farms in Chile and manages 3,600 toll roads in India and South America number nine the most expensive land is in the Suez Canal this artificial sea level waterway in Egypt that connects the Mediterranean Sea to the Red Sea generates about six billion dollars every year from tolls huge cargo ships cost a lot of money to get from one port to another so taking this shortcut saves them time and money despite the toll thousands of dollars a day are generated by all the waterway traffic on the Suez making it one of the most valuable waterways in the world number ten forty percent of people buying homes for the first time are millenials despite being called a lot of things including lazy Millennials are digging into their wallets to purchase real estate and many of them are first-time homebuyers making up 40% of the market is a pretty big deal and 65 percent of them are under the age of 34 if you want to learn some more about luxurious homes in America you can check out our video the top 10 most expensive homes in America by clicking in the top right corner number 11 the tiny home fad is over remember when everyone was running out to look at refurbished storage containers to turn into sleek minimalist tiny homes yeah that's over get prepared for sticker shock because the cost of building your tiny house on average is around fifty eight thousand dollars that doesn't sound like much right pot you still have to buy the land too put it on number 12 the most expensive golf course in the world took 250 million dollars to build to get to Liberty National just outside of Manhattan members have the option of taking a private boat to the 7000 353 yard long course or take a helicopter which will land on the courses helipad where you'll be greeted by a golf cart to take you to your first tee the joining fee is rumored to be around three hundred and seventy four thousand dollars amenities have added yacht services spas and restaurants furthermore construction is set to begin on nine hundred adjacent homes which will cost from 1.5 to five million dollars each number thirteen mcdonald's is actually a real estate company since mcdonald's is a chain with restaurants all over the world you would think they get their profits from the food industry while their take from the franchisees food sales is around nine billion dollars they actually own forty billion dollars worth of real estate mcdonald's has been struggling lately and it would make a good economic sense if they started on trying to spend profits off of that forty billion dollars rather than hoping the trend of healthy eating goes away number fourteen who made the biggest commission off a real estate deal Conde Nast the publishing giant signed a two billion dollar lease on One World Trade Center in 2011 its broker CB Richard Ellis is rumored to have made twenty to thirty million dollars in Commission feeds while no reports of the Commission was released it's safe to say they walked away with a pretty penny for brokering such a lucrative real estate deal number fifteen China can build a skyscraper in nineteen days broad sustainable building a prefab construction firm assembles our record-breaking three floors a day in Changsha Hunan using a modular method this is the first time a skyscraper has ever been erected so fast the famed mini Sky City as its named has 800 apartments office space for over 4,000 people and boasts 19 a tree owns according to the president of broad sustainable building the structure can even withstand earthquakes how's that for some speedy infrastructure well a Luxor's that's a wrap on the real estate industry now as always we would love to hear from you if you could invest in one type of real estate for the rest of your life no other what would it be post your answers in the comments below and as always for sticking with us until the end here's your reward a bonus fact number 16 winchester mansion was constructed non-stop 24 hours a day for 38 years winchester mansion was built by Sarah Winchester the widow of firearm magnate William Winchester this truly was a labor of love and loss after her husband's sudden death from tuberculosis and then her infant daughter's death from a wasting disease Sarah was distraught and sought the advice of a psychic she inherited 20 million dollars in 1881 the equivalent to 520 million today the psychic told her that she must continuously build onto her house so the spirits of the people who had been shot by Winchester rifles would have places to go perhaps out of depression or paranoia Sarah did as she was told and construction began in 1884 and ended upon her death in 1922 leaving behind 161 rooms including 40 bedrooms two bathrooms in almost 50 fireplaces because Sarah did not use an architect she designed it herself and there are many staircases that go nowhere and rooms that make you dizzy as she was trying to confuse the spirits that haunted her thank you for spending some time with us a Luxor's make sure to LIKE and subscribe so you never miss another video we also hand-picked these videos which we recommend you watch next thank you for being an a lexer and we'll see you back tomorrow

Channel: Alux.com

Views: 286,270

Rating: 4.8904109 out of 5

Keywords: Alux, Alux.com, Alux Youtube, luxury living, luxury lifestyle, luxury homes, alux industry, real estate, real estate industry, real estate market cap, real estate millenial, real estate expensive, real estate tips, real estate how to, real estate 2018, real estate investing, real estate worth it, real estate for begginers, real estate tactics, real estate strategy

Id: H317_gABbT8

Length: 12min 40sec (760 seconds)

Published: Wed Nov 07 2018