Even though we have undoubtedly gone through one of the worst recessions and price adjustment cycles (translation: burst bubble) in history, and many doubt the value of their real estate today, especially those who are upside down, owing more than their home is worth, I still find this statement about real estate to be of value. I have had it posted on my websites for over ten years. It's good food for thought.
I am Real Estate
What is Real Estate?
I am the basis of all wealth, the heritage of the wise, the thrifty and the prudent.
I am the poor man's joy and comfort, the rich man's prize, the right hand of capital, the silent partner of many thousands of successful men.
I am the silent solace of the widow, the comfort of old age, the cornerstone of security against misfortune and want.
I am handed down to children through generations, as a thing of greatest worth.
I am the choicest fruit of toil. Credit respects me. Yet I am humble. I stand before every man bidding him know me for what I am and possess me. I grow and increase in value through countless days. Though I seem dormant, my worth increases, never failing, never ceasing; time is my aid and population heaps up my gain. Fire and the elements I defy, for they cannot destroy me; invariably I become envied. While all things wither and decay, I survive. The centuries find me younger, increasing in strength. The thriftless speak ill of me. The charlatans of finance attack me.
I am trustworthy. I am sound. Unfailing I triumph and dectractors are disproved. Minerals and oils come from me, I am producer of food, the basis of ships and factories, the foundation of banks. Yet I am so common that thousands unthinking and unknowing pass me by.
I am real estate.
In Honolulu, Hawaii, land is precious. This is an island, and there's only so much land. One of the reasons we have not seen large price drops is because demand almost always exceeds supply. That is especially true for Honolulu, where there is very little space left, or vacant land on which to build.
If you are interested in Honolulu Real Estate, especially condos, please don't hesitate to visit our Honolulu Condos website.