The first thing that you must ask yourself when you are wondering why real estate is important, is what exactly is real estate? Real estate is property and anything that is permanently attached to it. Real estate plays a vital role in the economy of any nation. All families need a place to live, and real estate is often a large investment made during someones lifetime. As stated in Kimberly Amadeo's article, real estate provides not only wealth and savings for families, but commercial real estate provides jobs and revenue for millions of Americans. Not only is real estate important for commercial uses, but it has many other uses from ranch or agricultural use, to recreational use in parks.
Today Real estate continues to provide income for the economy, and even business philanthropist Warren Buffet shares the incentive to invest in real estate in the video above. As he states, he would buy "a couple hundred thousand of them" if it was feasible due to them being an attractive investment.
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