the.com/realty
Property dressed up as an asset class so everyone feels better about the mortgage.
means Real estate considered as property — land and the buildings fixed to it, in the sense used for buying, selling, and owning.
from Built from 'real' in its old legal sense of 'relating to immovable property' (from Latin 'res,' meaning thing — as opposed to 'personal' property, which could move), plus the noun-forming suffix '-ty.' The legal distinction between 'real' property (land, houses) and 'personal' property (everything else) is centuries old; 'realty' emerged as a tidy shorthand for the former, and stuck in the trade.
- legal term
- land plus whatever is permanently attached to it
- vs real estate
- realty is the legal right, not the dirt itself
- etymology
- from real property, meaning immovable, unlike your savings
- agent favorite
- sounds fancier on a business card than property