The State of Real Estate

Hopewell Valley Student Podcasting Network Show Name: All About BusinessEpisode Title: The State of Real EstateEpisode #2Tweet to be shared on the network’s twitter handle: Check out the latest episode of #allaboutbusiness the podcast on hvspn.com. We talk about real estate, how it works, and how to invest in it. Record during recitation: You are listening to All About Business, the podcast with your host(s) Prithvi and a guest. We will be hearing from him in segment three, so stay till the end if you want to hear his opinions and views on today’s topic. Speaking of today's topic, in this episode of All About Business the Podcast we discuss: What is real estate, how it works, and what areas have the potential to grow in value. Segment 1: What is real estate?For our first segment I will discuss real estate and give a brief overview on the different types and categories of real estate.  Real estate is property that consists of land that has both man-made buildings and natural resources on it. A real estate business buys, sells, manages, or invests in real estate properties There are 5 main types of real estate: Residential: Refers to any property that is used for housing. This includes family homes, cooperatives, duplexes, and condos.  Commercial: Refers to any property that is exclusively used for business purposes. This includes apartment complexes, gas stations, grocery stores, hospitals, hotels, offices, parking facilities, restaurants, shopping centers, stores, and theaters.   Industrial: Refers to all lands that accommodate industrial-sized activities. These activities include manufacturing, production, distribution, storage, and research and development. Some buildings include factories, power plants, and warehouses.  Raw land: Refers to undeveloped or agricultural land such as farms, ranches, and timberlands. Can be significantly cheaper and requires no property insurance. But it cannot generate income on its own.  Special use: Property used by the pub