Why is Property the Basis Wealth?

For centuries Property has been the basis of wealth, from kings and emperors to the gentry and wealthy landlords, the ownership of land, or at least control over it, was the measure of wealth and power. Still today the richest people and corporation in the world are those who own considerable property portfolios.

All market sectors in a capitalist society function according to the economic principle of supply and demand. The value of any commodity and the price of any asset are determined by the balance between supply and demand. Simply stated, when the demand exceed the supply, price increase.

When this theory is applied to property, it becomes clear why property has remained an asset that continues to increase in value over centuries. And as the world population grows, the demand for property increases.

"Property is impossible without rights"
John Stossel

The right property at the right price in the right area can set you up for financial freedom as brick and mortar work for you even when you are not present.