In California, Prop. 13 limits Real estate tax increases, making it difficult for communities to raise funds.
Real estate or real estate is real estate such as land and buildings. The term can also refer to the business of buying, selling, or investing in houses, land, or another real estate.
Real estate is the engine of the economy and generates most of the wealth of American households. Examples of real estate are everywhere around us: homes, offices, shopping malls, hospitals, farms, etc. Unexplored land at a certain distance from our city is real estate, and so is the road that leads us there. A lot of people like to work and invest. Because these assets are tangible in nature. Realis is a Latin term meaning being and fact. According to Etymonline.com, real is used in a Middle English legal context to refer to real estate (eg, a house, building, or structure) that is not personal property such as clothing or furniture.
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