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Line 1: − + − + − In 2007 and 2008, some commentators began to say that the "[[housing bubble]]" was collapsing,<ref>[http://www.iht.com/articles/2008/04/13/business/housing.php U.S. housing collapse spreads overseas]</ref> a reference to the slight lowering of prices which resulted when demand for new houses and apartments dropped off.+ − + − ==See also== − * [[For sale by owner]] or [[FSBO]] − * [[Abstract of title]] − * [[Real property]] + Line 15:
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'''Real estate''', also known as "[[real property]]," consists of land and fixtures on land, such as houses.
'''Real estate''', also known as "[[real property]]", is a term which generally denotes:
*land,
*structures on the land which cannot easily be relocated (a house generally would be considered real estate, while a travel trailer -- even if used as a residence -- would not), and
*attachments to the structure which cannot easily be removed without major damage or making the structure useless (a central HVAC unit would be considered part of real estate, while a window air conditioner or space heater would not).
Real estate generally is subject to [[property tax]], and although it is possible to sell real estate [[FSBO|without using a real estate agent]], the majority of real estate transactions are handled via real estate agents/
==References==
==References==
[[Category:Economic Preparedness]]
[[Category:Economic Preparedness]]
[[Category:Investments]]
[[Category:Investments]]
[[Category:Real Estate]]
[[Category:Real Estate]]
[[Category:Legal Terms]]
[[Category:Legal Terms]]
[[Category:Economics]]
[[Category:Economics]]
[[Category:Survivalism]]
[[Category:Survivalism]]