_{SOURCE: theclose.com}

Well, hello there! Are you back for more real estate fun facts? Here’s some more!

1. Almost All Millionaires Built Their Fortune Through Real Estate

Andrew Carnegie famously pointed out more than 100 years ago that “90% of all millionaires become so through owning real estate.” And there are many other quotes that allude to the riches to be found through real estate investing, like this one: 

“Don’t wait to buy real estate. Buy real estate and wait.” —Will Rogers

2. The Empire State Building Makes More Money From Ticket Sales Than Rent

It’s estimated that about 70% of the building’s operating revenue comes from ticket sales to its observation decks. Perhaps this fact is less surprising when you learn that adult admission starts at $44 a pop.

3. Short-term Rentals Are Disrupting the Housing Market

If you’ve been considering getting into this trend, make sure you do your homework. Many cities and some homeowners associations are enacting regulations to limit the number of short-term rentals in communities.

4. Open Houses Used to Last for 12 Long Hours

The first Realtors were called “curbstoners,” and they were pretty much hustlers. When a house was for sale, they would rush over, put up a big sign, and sit on the curb in front of the house from 9 a.m. to 9 p.m., ushering prospective buyers in for an “inspection.” The competition was fierce and it sometimes got ugly. It also limited each Realtor to selling just one house at a time.

5. The Phrase ‘Making the Bed’ Used to Be Quite Literal

In the Middle Ages in England, people would gather and sleep in a great hall or living area in their homes. Private bedrooms weren’t a thing yet, except for very wealthy landowners who might enjoy their own sleeping quarters in their castle.

The living area served many purposes, so beds would have to be constructed every night out of straw or horsehair pallets, and picked up every day.

Wow! That is a lot of interesting real estate facts! Come visit our website again for more!