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7 mind blowing real estate facts

By Kevin Kelly

Humans have been owning homes since our homes were, well, caves. We've come a long way, and so have our abodes. Check out these seven weird and wonderful facts about property.

24/7 construction for 38 years

Ground was broken on the construction of the Winchester Mystery House in San Jose, California in 1884. According to legend, the house was under construction 24 hours a day, for 38 years. This is the equivalent of over 332,000 hours of work. The house boasts 161 rooms, with some only discovered as recently as 2016! 

Home is where the heart is

Warren Buffett is an American philanthropist (currently CEO of Berkshire Hathaway) whose net worth is reported to be in excess of US$84 billion. All this wealth, and Mr Buffett still chooses to live in the same house he purchased in 1958 for $32,500, equivalent to AU$43,000.

McCaptial gains

When people think of McDonald's they usually think burgers (or nuggets, if that's your preference, we are not here to judge). What people often don't consider is that the company owns one of the best real estate portfolios in the world, which generates a reported US$13 million a day.

You have to start to somewhere

One day, an Australian man named John Wainwright purchased a book on Amazon. The book cost him $27.95. So why did Amazon name one of their buildings after him? John was the contemporary retail giant's very first customer, and the building was named to honour him.

An interesting tenant

The Gate Tower Building in Osaka, Japan, has some unusual tenants on three of its 16 floors. The fifth, sixth and seventh floors are occupied by one of Osaka's express highways. That's right, a highway goes right through the building! Hopefully the tenant-landlord relationship is smooth because that would be a pretty tricky eviction.

A man-made mountain

When we think of the pyramids, most of us picture Egypt. And while the Great Pyramid of Giza is certainly a sight to behold, the largest pyramid on Earth is actually in Mexico. The Great Pyramid of Cholula, is a structure that went undiscovered because it was buried inside a mountain. The Mayan name, Tlachihualtepetl, translates to "man-made mountain" and is twice the size of the most popular pyramid in Egypt.

Modular skyscrapers?

A Chinese construction company called The Broad Group recently built a 30 story building in just two weeks. How did they do it? The company prefabricated modules of the building that were sent to the site for quick construction. The buildings also used sustainable materials and meet all compliance standards for seismic activity.

Ready to browse real estate that's a little bit easier on the bank account? Get in contact with the team at Ray White Bunbury today.

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