Forbes India 15th Anniversary Special

Thoughts on real estate

Published: Jun 21, 2019 03:29:56 PM IST

Thoughts on real estateImage: Shutterstock

Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
—Warren Buffet

As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce.
 —Adam Smith

In real estate, you make 10 percent of your money because you’re a genius and 90 percent because you catch a great wave.
—Jeff Greene

Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in
the world.
—Franklin D Roosevelt

I always felt uncomfortable with real estate because buildings don’t move, and neighbourhoods change.
—Stephen A Schwarzman

Real estate is one sector that India is not very proud of.
—Kushal Pal Singh

The problem with real estate is that it’s local. You have to understand the local market.
—Robert Kiyosaki

Real estate is the key cost of physical retailers. That’s why there’s the old saw: Location, location, location.
—Jeff Bezos

Land monopoly is not only monopoly, but it is by far the greatest of monopolies; it is a perpetual monopoly, and it is the mother of all other forms of monopoly.
—Winston Churchill

The major fortunes in America have been made in land.
—John D Rockefeller

(This story appears in the 05 July, 2019 issue of Forbes India. To visit our Archives, click here.)