Leong’s Law

In 2008, I coined the phrase or law, “All real estate is global.”

In real estate, this law states that no matter where property is located, the ability to discover a particular parcel of property exists because of two factors: 1) the presence and accessibility of networks and 2) the flow or transport of information across such networks. Geographical boundaries are eliminated due to human networks, online networks, communication networks, etc. while fueling the transferring of knowledge globally.

Leong’s law contradicts the saying, “Real estate is local,” which is overly and redundantly used by real estate salespersons and brokers as a sales pitch rather than an educational perspective for consumers. Many traditional and boomer sales professionals reuse this sales pitch during listing presentations, but unfortunately have not realized that the Internet coupled with the Web have changed the dynamics of publishing real estate listing data on a global network.

I am currently fleshing out the historical and empirical reasons for explaining Leong’s Law in a book called, “Real Estate Is Global“. I intend to include use cases depicting the how’s and why’s of Leong’s Law while hoping to opening up consumers’ and professionals’ minds at the same time.

Use Cases:

  • File Transfer Protocol
  • E-mail
  • Websites
  • Instant Messaging
  • Video Streaming
  • The Web
  • Social Networks
  • Mobile Web
  • GeoWeb
  • Google Earth
  • Google Maps
  • Airline Network
  • Peer-to-peer
  • Skype
  • more to add…

Related to:
Graph Theory
Metcalfe’s Law
Network Theory