Thoughts on real estate

American writer and humourist

Landlords grow rich in their sleep without working, risking or economising.

—John Stuart Mill

English political economist

In my experience, in the real estate business, past success stories are generally not applicable to new situations. We must continually reinvent ourselves, responding to changing times with innovative new business models.

—Akira Mori

Japanese real estate developer

But land is land, and it’s safer than the stocks and bonds of Wall Street swindlers.

—Eugene O’Neill

American playwright

What we call real estate—the solid ground to build a house on—is the broad foundation on which nearly all the guilt of this world rests.

—Nathaniel Hawthorne

American novelist

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

—Jeff Bezos

American businessman

Buy on the fringe and wait. Buy land near a growing city!

Buy real estate when other people want to sell. Hold what you buy!

—John Jacob Astor

American businessman

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

local market.

—Robert Kiyosaki

American businessman

Ninety percent of all millionaires become so through owning real estate.

—Andrew Carnegie

Scottish-American industrialist

Perhaps the secret to making a billion dollars in real estate is that there is no secret.

—David Lichtenstein

American entrepreneur

Find out where people are going and buy land

before they get there.

—William Penn Adair

Leader of the Cherokee Nation