Why Go Into Real Estate?

Why Should You Consider Getting Into Real Estate?

The world of real estate is one that is filled with challenges, and is never as straightforward as one would like it to be – as some think it may be from the outside, indeed. There is certainly no reason to suggest, though, that one should give up on the idea just because of the difficulties, it is these difficulties that make real estate what it is – an arena in which the strong survive and are rewarded handsomely for so doing. What is the story? Why should you consider getting into real estate?

1. The money. Let’s not pull any punches, very few people who get involved in the business of real estate go into it without money as their primary motivation. The most recognized way in which people make money from real estate is to buy a property when it is cheap, and potentially not very nice to live in, then spend some money bringing it into shape so that it can be sold on at a profit. The equation is fairly straightforward. You start with a modest outlay on a modest property. You want to maximize what you can bring in for it while not spending too much. Clever property developers will know how to improve a property while getting the best value.

2. Working for yourself. Sometimes there will be a lot of money in a job where you are answerable to other people. Sure, you enjoy the money, but when you are continually having to devote your time and skills to serving the need and request of someone else it can be tiring and unrewarding (except on the financial front, of course). Being your own boss means that you get to make the decisions and as well as being able to benefit financially you will also have the chance to make your personal philosophy into something concrete. This is something that is enriching in more than just the obvious way.

3. Standing in the community. This is something that tends to go hand in hand with financial success, of course. The two things are different, though. You can become a respected member of the community without a lot of money, and you can certainly make a lot of money without becoming a respected member of the community. But working in the real estate business can offer you the chance to really make ties that will stand you in good stead. Good property options will make a community far more profitable, and by contributing to that you may find that you are sought out by people with sway.

4. The journey is a blast. Often when someone buys a house, they do it up, sell it on and go back to work with a tidy profit in their bank account. This isn’t wrong. But if you realize  a knack for developing properties, you can continue reinvesting and keep making more money. When you are successful in real estate, it often means the big dream coming true – being able to retire early in order to enjoy your spoils at leisure.

To streamline and minimize blog maintenance, I will be discontinuing maintaining the realestateexpedition.com website (however, I will still hold the domain). I will gradually move all articles from this site to Ahmed Dawn Dot Com. This article originally published on the above website on May 1, 2009.

World's Riskiest Cities for Property Bubble

USB Releases Global Property Index

First Published: ADawnJournal.com Published Date : November 30, 2015

The UBS just launched its Global Real Estate Bubble Index that tracks the risk of property bubbles across the globe by analyzing various metrics. The risk of a property bubbles has increased dramatically for global cities, according to the USB report.

Here are the top ten cities on the list facing bubble risk:

– London

– Hong Kong

– Sydney

– Vancouver

– San Francisco

– Amsterdam

– Geneva

– Zurich

– Paris

– Frankfurt

Some highlights from the report:

– London is the most vulnerable city to have a property bubble.

– Sydney is the world’s most overvalued city.

– US city San Francisco is overvalued, but New York and Boston are fairly valued, and Chicago is undervalued.

– Vancouver prices in 2015 are 25% higher than they were in 2006.

– Sydney prices in 2015 are 30% higher than they were in 2012.

– Amsterdam is the second-most susceptible city on the continent.

– Hong Kong, the second riskiest city after London, has been in bubble risk since 2011.

– In Hong Kong, a worker would need to work 14 years to buy a 60 sq meter apartment.

World’s Tallest Building

World’s Tallest Skyscraper Will Be in Saudi Arabia

First Published: ADawnJournal.com Published Date : July 14, 2016

Saudi Arabia recently announced to build the world’s tallest skyscraper. The multi-purpose Kingdom Tower near Red Sea in Jeddah will stand 1000 meters tall (3,280 feet) and will be located in the centre of the $20 billion dollar Kingdom City Development project. This tower will have office space, a Four Seasons hotel, condominiums, the world’s highest observatory deck, encompassing about 5.4 million square feet of space.

Kingdom Tower will be designed by Chicago-based architectural firm Adrian Smith + Gordon Gill. The Saudis have awarded this $1 billion plus project to the Saudi construction giant The Binladen Group. The construction of the world’s tallest tower is expected to take about five years.

Once completed, Kingdom Tower would break the record of the world’s current tallest skyscraper Burj Khalifa in Dubai. 828 meters Burj Khalifa is not only tallest building in the world but also the world’s tallest free-standing structure. Canada’s 553 meters CN Tower (completed in 1976) held records for being the world’s tallest free-standing structure and the world’s tallest tower for 34 years until the completion of Burj Khalifa in Dubai and Canton Tower in China.

Saudi Arabia, an oil dependent country, recently trying to emerge from an oil-based economy to a diversified economy. Currently Saudi Arabia is working on various projects to build numbers of economic cities, complexes, and skyscrapers to become an economic hub in that region.