Welcome to Obeso Home Solutions Real Estate Fun Facts! Did you know that real estate deals were already in full swing around 3000 BC in Mesopotamia? The thrill of owning property has been a hit for ages!
The Earth is basically just one giant ball of real estate. For the most part, everything that you stand on or in is owned by someone (maybe you) or some entity. Every single home, building, or plot of land has a story behind it. Some of those stories can be quite interesting.
1.Did you know that manufactured homes are NOT actually real estate? They are considered Chattel, which is just a fancy word for moveable property.
Since mobile homes are not classified as traditional real estate, their title is issued by the Arizona Motor Vehicle Division.
Mukesh Ambani Residence
Antilia is the Mumbai home of business magnate Mukesh Ambani, Chairman and Managing Director of Reliance Industries
The home has a six story garage, a temple, an array of guest suites, a hanging garden, helipads, a salon, ice-cream parlour, and movie theater that seats up to 50 people. There’s also a giant snow room that literally makes snow in the middle of summer, 400,000 square feet, 27 floors currently valued at 4.6 billion dollars
While many of us are trying to figure out how to make that first million, this guy spends an estimated 2 million per year just to keep the lights on!
World Smallest Temporary House
The smallest temporary house is the aptly named “One-Sqm-House” designed by German architect Van Bo Le-Mentzel in 2012.
Tilting the self-build wooden structure on its side lets the single resident lie down to sleep, while four wheels allow the lightweight 40-kg microhouse to move to new locations around Berlin.
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Country Inside the Country
The Republic of Molossia has quietly been an official, independent, sovereign country inside Nevada for more than forty years. The president, His Excellency Kevin Baugh, and his wife, the First Lady, declared their property a micronation right in the heart of Dayton, Nevada, all the way back in 1977.
A small 11-acre micronation located in Nevada, United States, has only a population of 38 citizens and has amused many on the internet. The Republic of Molossia has its own Navy, Naval Academy, Space Program, Railroad, Postal Service, Bank, tourist attractions, measurement system, holidays, online movie theater, online radio station, and even its own time zone. You can not live in Republic of Molossia. Full residency in Molossia is a requirement of citizenship, and new residents are not allowed.
Hess Triangle
This tiny section of Real Estate is the result of a legal battle between David Hess, a landlord in the early 1900s, and the city of New York.
At the time, the city of New York claimed “Eminent Domain”, which gave them the authority to seize and destroy Mr. Hess’s property (along with several other buildings) as part of a campaign to widen the roads and expand the subway.
The Hess family fought the city but eventually lost. A surveying error, however, left them with this tiny 25.5 inch by 27.5 inch triangular plot of land. They defiantly held on to this piece of land until it was sold for $100 in 1938 to “United Cigars”, an adjacent store.
Did you know that the famous Las Vegas Strip is technically NOT in Las Vegas?
The famous Las Vegas strip is for the most part, not located in the city of Las Vegas. To avoid tax, it’s in a city known as “Paradise” which is completely surrounded by Las Vegas.
Real Estate Principle
It’s a principle of property law that states that property owners have rights to the air above and the ground below their land, in addition to the land itself. This principle is often referred to as the ad coelum doctrine.
On a property that you own, you can legally dig to the center of the earth if you were able to and so desired.