A Quote by Will Rogers
I arrived at my hut in Beverly Hills just in time to keep real estate men from plotting off and selling my front yard. They will sell you anything or anybody's in the world as long as they can get a first payment... It used to be only Iowa that was out here but now they have three or four adjoining states interested and they are here, too. Real estate agents - you never saw as many in your life; they are as thick as bootleggers.
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What people really haven't thought about with real estate is, if you get tax reform, you're going to see real estate now... the velocity of selling and buying real estate will just kick.
And if you call one a real estate agent and he won't sell you anything. He is a REALATOR. It's the same as what the old fashioned real estate agent used to be only the commission is different.
Today the strategies of many companies in the real estate industry are premised on low interest rates, an assumption that has resulted in the rapid expansion of the real estate securitization business. This trend could be regarded as a risk factor, as it exposes the real estate sector to at least three potential problems: first, interest rate hikes; second, revisions to securitization business accounting standards; and third, overheating in the real estate market.
The business side of real estate investing is fraught with risk. Unlike purchasing mutual funds or savings bonds, with real estate, you can lose money; this is one of the reasons that seasoned real estate investors caution neophytes never to get too emotional about a property and always be willing to walk away.
You know, when you sell real estate, that's not like going out and selling a stock. That takes a long time.
What is John Arriaga's circle of competence? Is it real estate? No! Is it U.S. real estate? No! Is it California real estate? No! Northern California real estate? No! Only real estate around Stanford. His circle of competence is this small.
I've been buying real estate because it's an asset I can control, that I could finance extremely cheaply if I chose to. I do not choose to; I buy my real estate in cash. I'm not interested in making money on it. I just want to keep my money safe.
I think a lot of people try to time the market when it comes to buying or selling a property or investing in real estate, but the real secret to real estate is not timing the market, but time in the market.
Drugs are so easy to get in the ghetto. They might not be easy to get in nice areas like Beverly Hills, but in Long Beach and Compton and South Central they're easy to get. They don't drop those drugs off in Beverly Hills. They drop them off in the ghetto. Then they tell us it's wrong to sell them. Well, we didn't bring them here. We just sell them. I was selling, like I sold newspapers.
As the industry has matured, real estate has become a very accepted investment. Institutions have used core investments to get comfortable with real estate as an asset class, and now that they're comfortable they're moving up the risk spectrum.
Donald Trump has been both a peculiar and characteristic American figure for more than three decades. Inheriting a small New York real-estate development company from his father, he parlayed it not so much into a big real-estate company, but himself into a fantasy of a big real-estate developer.
It's funny when people ask if I'm a lesbian. I played a real estate agent in 'Father of the Bride, Part II,' but no one has asked me if I sell real estate.
A real estate closer. Oh, what's that? I'm a real estate opener. What is a real estate closer? You mean at the end where you've got to sign all those papers?
Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate.
In an age of so many people getting hurt in real estate, it shows that you can still do well in real estate.
Ask any real estate broker to name the three most important factors in buying a property, and he'll say: "Location, location, location." Now ask him to name the chief justice of the United States Supreme Court, and he'll say: "Location, location, location." This tells us that we should not necessarily be paying a whole lot of attention to real estate brokers.
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