“Now would I give a thousand furlongs of sea for an acre of barren ground.” So wrote the Immortal Bard himself. Now, while no historic text exists to show that William Shakespeare was a visionary real estate investor in his day, his literary pining for a piece of land certainly shows a mindset that would serve a real estate investor well, especially here on Long Island.
Whether it is a plot of developable land or a home on that perfect lot, there can be little argument that investing in real estate in a desirable location such as Long Island has proven over time to be one of the best long-term investments. Even in a seller’s market such as we’re in today, that piece of property you buy today just may well turn out to be something somebody will be writing about in the future.
Of course, even the most determined of buyers may go looking for a bit of inspiration or wisdom. So we’ve turned to legendary world leaders, American presidents, titans of industry and pop culture icons for 10 inspiring, amusing and ultimately unforgettable quotes from the world of real estate investing.
“Buy on the fringe and wait. Buy land near a growing city! Buy real estate when other people want to sell. Hold what you buy!”—John Jacob Astor
“Land monopoly is not only monopoly, but it is by far the greatest of monopolies; it is a perpetual monopoly, and it is the mother of all other forms of monopoly”—Winston Churchill
“The major fortunes in America have been made in land.”—John D. Rockefeller
“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”—Franklin D. Roosevelt
“I will forever believe that buying a home is a great investment. Why? Because you can’t live in a stock certificate. You can’t live in a mutual fund.”–Oprah Winfrey
“Buyers decide in the first eight seconds of seeing a home if they’re interested in buying it. Get out of your car, walk in their shoes and see what they see within the first eight seconds.”—Barbara Corcoran
“Don’t wait to buy real estate. Buy real estate and wait.” —Will Rogers
Real estate is an imperishable asset, ever increasing in value. It is the most solid security that human ingenuity has devised. It is the basis of all security and about the only indestructible security.” —Russell Sage
“Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth. ”—Theodore Roosevelt
“Buy land, they’re not making it anymore.”—Mark Twain