The History of Real Estate

The tribal system is started back during prehistoric times and the feudal system began to predominate during the tenancy and taxes began to take shape. Back then, farmers and traders have bought, rented or sold properties under the supervision of the nobility. The elite world, leasing and taxation system was put in the responsibility of leaders in most areas was to end. Title land came into existence, what with money and land in favor of traders and citizens seemed like a free market had been sold.

The idea of ​​mortgage way, way back in existence and there is no specific country can be traced to its history.

In the United States, the idea of ​​organized real estate came in the late 19th century.It was in early 1920 when the state adopted a real estate license law. About a decade after that, America's Great Depression led to the collapse of the real estate market experience.

However, after a few years, industry has come back to your skills. Was starring in the National Housing Act 1934, which created the Federal Housing Administration. Industry that started in 1950, followed up with the concept of condominiums, has experienced steady growth over the years.

In 1970, there is a significant increase in housing prices that ordinary workers have made it difficult to own their homes came about. The inflation over 20% hits and home loan interest rates as high as 18% as used. With the fall of the Berlin Wall in 1989, industry (as did the rest of the world) took a turn. It brought a positive trend in the real estate industry, and soon after, more and more investors in the industry, money is at stake and there was no turning back.

Today, development, industry still has its ups and downs. Risks involved in real estate continues to be there. However, with the last few years, real estate companies, banks and lenders make it easier for Americans to ownership of property is sought. Now that you purchase an investment property, rent, sell or trade as can be seen.Power to own properties - then the tribal leaders, kings and was available for landlords - is now ours. And that makes all the difference.

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