Thanks to shows like Love It or List It, Fixer Upper, and House Hunters, everyone knows about house flipping, rental property investing and wholesaling. What you may not know is there’s a lot more to real estate you may not know.
Some wild and crazy things have taken place in the world of real estate, so grab a cup of coffee and settle in because we’re going to explore some fun facts you may not already know.
1. The Eiffel Tower
The designer of the Eiffel Tower thought it would be fun to live in it, so when it was built, a small apartment was included at the very tippy top.
2. Mark Zuckerberg
To prevent the houses next door to his from being marketed as “next door to Mark Zuckerberg,” the founder of Facebook bought the four Palo Alto homes surrounding his and leased them back to the families who lived in them.
Remember Monica’s apartment on the hit TV show Friends? The purple two-bedroom where she and Rachel – and then she and Chandler – lived is estimated to be worth $3.5 million!
4. The Empire State Building
The Empire State Building opened its doors during the Great Depression. As a result, not many people could afford its rent, leaving much of its space empty in the beginning. New Yorkers during that time often referred to the building as the “Empty State Building.”
5. Star Wars
Are you a fan of Star Wars? If so, you can hop a flight to Tunisia, Africa where for just $10 a night you can stay in Luke Skywalker’s boyhood home.
6. Adolf Hitler
Believe it or not, Adolf Hitler owned a Hollywood mansion. Rumor has it, however, that he never, ever set foot inside.
Singapore has a free-market image, but despite the way it appears, the Singapore government actually owns all the land. In fact, a government-owned housing authority provides 85 percent of the housing in this city.
8. The World’s Largest Residential Yacht
Dubbed MS The World, the largest residential yacht is privately-owned and includes 165 private residences. The yacht and its many tenants travel the world constantly.
9. Rosa Parks
At one point in her life, Rosa Parks was robbed in her home and forced to move to a more expensive, albeit safer, home in Detroit. A true friend, Mike Ilitch, the owner of the Detroit Tigers and the pizza chain Little Caesars, secretly paid her rent after that.
Real estate property depreciates in Japan. As such, there is little market for pre-owned, which means most houses are demolished within 40 years of being built. As a result, there are four times as many architects and twice as many construction workers in Japan compared to the U.S.
See, real estate isn’t as boring as you thought, is it?