Rather than building up, millionaires in central London are building down, creating mega-basements. Nicknamed “iceberg homes” because there’s more square footage under the ground than above.
A guy implied he was going to build a 480 ft skyscraper but labeled all the plans as 480″. Then he had it built 40′ tall as per the plans, pocketed the investment money and won in court because he didn’t technically defraud anyone.
A man in Michigan whose house was slated for demolition switched the house numbers with his neighbor so the crew demolished the wrong house.
Blockbusting is a business practice used by real estate brokers to buy a house in a white neighborhood, rent it to a black family, and buy the rest of the neighborhood at a discounted price after urging nervous white families to leave the neighborhood.
Number 4 is considered an unlucky number in China because it is nearly homophonous to the word “death” (pinyin sǐ). In a study of five years’ worth of real estate sales in the greater Vancouver area, researchers found that houses in Chinese neighborhoods with an address containing a 4 sold for an average of $8,000 less than their luckier counterparts.
Monica’s apartment from “Friends” is estimated to cost $3,500,000.
If you’re selling a property in California and within the past 3 years someone’s died on it, it’s considered a material defect and must be disclosed by the seller, unless the death was due to AIDS because that’s discrimination.
A real estate broker in the city of Ermelo in the Netherlands found a great way to encourage prospective buyers to take a quick tour of this house: his company built a roller coaster through it.
Alex Alsup, a committed Detroit citizen, captures the rapid disintegration of his hometown by comparing Bing and Google Street View images of the same homes over the course of several years.
Here are a few examples…
A Missouri family sued the previous owners of a house that they had just bought after Brown Recluse Spiders “started bleeding out of the walls.” An expert came in and estimated that the house was infested with 4,000 – 5,000 of the spiders.