The real estate market's booming in Rio.

House 1, house 2, house 3, house 4, and house 5.

And frankly, they could've sold that 100,000 house for 250,000.

(Applause.)

They buy milk powder and diapers like a craze

They've gotten bigger they're spread out.

Real estate.

Hey, it's a pleasure. Good to meet you.

I came to understand it's a lot more than the credit default swaps we read about, a lot more than just a hyper inflated real estate market and so on.

And all of that's great, and it's fine.

Now to finish the job you began! It was a pleasure meeting you, but we don't want you here.

This real estate guy.

low offers are like 120 130 thousand so when you really sit with a realtor and you think about what the market is willing to pay for your house you realize that the most you're going to get for your house after you pay the real estate commissions and all of the other things that are involved when you sell a house you could get, maybe, 120 thousand for the house

Do pay?

Somebody solvent?

I develop real estate.

There's no market.

They're why stock investors hold onto losing stocks longer because they're evaluating them in relative terms.

And you end up with a mortgage backed security.

Coldwell Banker, I'm a real estate agent! Please, don't hurt me.

I make are to the bank.

I even thought I saw the deeds to city hall somewhere.

Charlie the barber.

Mmhm. It's a real estate investment.

Tokyo landlords are in a panic because the real estate market went soft.

No. Oil and real estate.

Her old man... eh Strode Realty?

Your real estate agent, when is she supposed to come back?

I mean, Adam Smith, already writing in the late 18th century, said,

is he rich? No, no, he's a realtor.

She is an estate agent.

He's a British citizen, but he lives in India.

And what I believe is missing is genuine grassroots activism on the ground, in addition to international aid, in addition to education, in addition to health.

Kano, Salaga they were all there.

And there's only 10 shares. So they're valuing the assets at 500,000. And this is of course the market value of the assets.

Here, I deliberately chose this because it is a man buying a vegetable.

We can do this.

Oh. Ha, ha. Yeah, that's an example of better judgment.

So the first one I'd like to parce is the idea of market value.

When King Henry of England died, he had 18,000 things in his house, but that was the entire wealth of England.

Why are there two deeds here?

If this man had his own source of product on this side of the border... he would have the market to himself.

The Chinese automotive import market shows signs of slight growth.

Who you with, the water department or the real estate office?

I'm meeting with our realtor.