The basic need for human existence is real estate. It’s interesting to consider the importance of real estate in our lives. While food is undeniably essential for survival, real estate, specifically land and shelter, is a fundamental need.
According to Maslow’s Hierarchy of Needs, shelter is categorized as a basic necessity alongside food, on the other hand, we believe that food is a derivative of real estate and as such it is the most basic need of human existence.
Real estate provides more than just a place to live; it is the source of food we eat, it offers security(both emotional security and otherwise), stability, and a sense of belonging.
Investing in real estate can be seen as investing in a basic human need, as everyone requires food and a place to call home.
This further explains why real estate investment remains one of the best investment you can ever make, the demand side of real estate is an important part that worthy of focus.
Overtime, the high demand of real estate products gives way to inflated prices which in turn may result in value appreciations of same. It is right to conclude that the basic need for human existence is real estate.
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