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