Bruce Firestone

Oct 29

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Real estate has unique attributes—

1. Rent to third parties

2. By renting to third parties, you benefit from wealth effect

3. You receive unearned (and untaxed) rent on self-occupied property after mortgage retired

4. When city builds infrastructure, demand for your property increases

5. In many countries, allowed to deduct capital cost allowance against income

6. Doesn’t go out of fashion

7. Land, unlike, say, ideas, in fixed supply with many cities further restricting supply by limiting urban expansion

8. Amount of real estate consumed per capita steadily increasing almost everywhere/average household size shrinking

9. In-migration to urban areas from rural areas continuing

10. Develop sustainable business model even if you aren’t a genius

BY DEFINITION, ONCE YOU OWN A LOCATION, NO ONE ELSE CAN LOCATE THERE. HENCE, YOU NOW CONTROL YOUR OWN CONCESSION/FRANCHISE…

For more information about Prof Bruce coaching, please contact Ms Nina Brooks ninabrooks@rogers.com www.brucemfirestone.com/coaching

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Bruce is an entrepreneur/real estate broker/developer/coach/urban guru/keynote speaker/Sens founder/novelist/columnist/peerless husband/dad.