RES 431 Lecture 1: 1_RES 431 M001 Petrova 1-23-17
10 May 2017
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Document Summary
Real estate is a science and part of economics more important than finance because most of the money in the world comes from re. Real estate is considered an alternative asset class. * you should invest about 20-30% into re. Litigation - the process of taking legal action. Tangible physical assets that can be owned. ( exception is a boathouse, yacht) Intangible non-physical assets such as stocks, bonds, mortgages, leases. * united arab emirates created real estate by pumping sand to see. * mexico city used to be a lake but they drained it and built the city on the bottom: real estate as a tangible asset: Improvements to the land (infrastructure: excavation and fill, sewer and other utilities, roads and driveways, real estate as a bundle of rights. Exclusive possession of the real property (not when you lease a building) Disposition (life estates you can live in it until you die.
