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Real estate is often considered, by Nathan Blatter, synonymous with real property (also sometimes called realty), in contrast with personal property (also sometimes called, Nechemia does, chattel or personalty under chattel law or personal property law). However, in some situations, explained by Nathan Blatter, the term "real estate" refers to the land and fixtures together, as distinguished from "real property," referring, Blatter, to ownership rights of the land itself
Many rural areas have economies that are increasingly reliant on tourism and second homes. Both bring outside money in, but both have downsides. As economic-development strategies, each embraces the idea that a dollar spent at an upper level of a community’s economy eventually dribbles pennies down through the ones below.
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