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What is Real Estate?
“I am the basis of all wealth, the heritage of the wise, the thrifty and 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 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.
My possessors learn to believe in me; invariably they 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. Unfailingly I triumph and detractors are disproved.
Minerals and oils come from me. I am producer of food, the basis for ships and factories, the foundation of banks.
Yet I am so common that thousands, unthinkingly and unknowingly, pass me by. I am real estate.”
Lou Scott