More future related than real estate related, but a good read regardless

http://www.cnbc.com/id/101473257

Quote of the day:


"Twenty-five years from now, we can't say what's Facebook going to be, what's Apple going to be, or Google," he said. "But 25 years from now, we can be confident that 345 Park Avenue will still be an office building and it will be worth a lot more than it is today."


This is the same with land/property and especially more rare property such as: located on the water, large pieces of land that could be separated to multi-family dwellings, and commercial land.