Real estate

[3] The natural right of a person to own property as a concept can be seen as having roots in Roman law as well as Greek philosophy.

This treaty paved the way for western expansion and made the U.S. the owners of the "Louisiana Territory" as the land was bought from France for fifteen million dollars, making each acre roughly 4 cents.

[7] The oldest real estate brokerage firm was established in 1855 in Chicago, Illinois, and was initially known as "L. D. Olmsted & Co." but is now known as "Baird & Warner".

[9] The stock market crash of 1929 and the Great Depression in the U.S. caused a major drop in real estate worth and prices and ultimately resulted in depreciation of 50% for the four years after 1929.

[11] In 1938, an amendment was made to the National Housing Act and Fannie Mae, a government agency, was established to serve as a secondary market for mortgages and to give lenders more money in order for new homes to be funded.

[16] Other categories The size of havelis and chawls is measured in Gaz (square yards), Quila, Marla, Beegha, and acre.

[20] In markets where land and building prices are rising, real estate is often purchased as an investment, whether or not the owner intends to use the property.

Some luxury units in London and New York City have been used as a way for corrupt foreign government officials and business people from countries without strong rule of law to launder money or to protect it from seizure.