Where Our Obsession With Real Estate Comes From

Today, I would like to help everyone realize why people are so obsessed with real estate. Everyone wants a home, everyone wants to own a property. I come from a beautiful Caribbean country called the British Virgin Islands. There are beautiful Villas that people buy and turn into money machines via vacation rental income, there are houses built on cliffs that any engineer would approve, and finally, there are the locals that buy land and hold on to it forever, passing it from generation to generation. But why?

There are so many people around the world that seem to be happy and they do not own real estate. Could they be happier? We’ll get back to that soon enough.

To unlock our awareness about our obsessions, we will look at a bible scripture or two. First, let’s take into consideration Genesis Chapter 1 verse 1. This is said to be the beginning of time. This is where God created the heavens and the EARTH. It’s a common theory that if you create something then it should be yours to do whatever you desire. In Genesis Chapter 1 the bible says that we were created in God's image and his likeness. If indeed we were made by a God and then that God made us in his image and his likeness and the first thing he did was create property ( earth ) then it’s safe to say that the urge to own real estate comes from the way we were created! This shows that instinctively everyone wants to own property! Instinctively everyone wants to own multiple properties. It’s actually biblical instruction that we have dominion over the earth. Not just a piece of it, but over all of it. It makes so much sense now as to why the World’s richest people own second, third, or fourth homes in exotics economies like the British Virgin Islands.

It’s natural! I used to always think that it’s the shaping and forming of society that tells us that we should own a home to feel secure and to be happy. This shows that the individuals around the world that do not own real estate might have a certain level of happiness, a level of happiness that I would never wish against but instead attempt to increase their awareness of possibilities to add their happiness.

There are many millionaires in the BVI, but there are no local Billionaires unless you include Sir Richard Branson who has been with us since the 1970s. The majority of these millionaires never lose their wealth because they have it heavily focused on real estate. The British Virgin Islands is about 55 sq miles big. I’m going to leave the demand and supply economics to you. But to me, that really adds to the value of the property here on the island. If you are going to be instinctive and own real estate, then you might as well own the most valuable property that you can possibly find. Everyone knows about the BVI because of our world-renowned Financial Sector. The real estate around the Roman empire back in the BC and AD eras was the most valuable in the world because of the economic activity of the roman empire in those days. All the historians can tell you that the bloodshed in those days was for only one reason, Property !!