The real estate industry has an enormous impact on not only the U.S. economy but the entire world economy. There aren’t many businesses or activities that do not directly or indirectly use real estate, or is not a supplier of the real estate industry.
Municipalities receive 70% of its revenue from property taxes.
Many businesses depend on brick and mortar locations in order to sell products and services.
People live in homes they own or rent.
Service providers, investors, hedge fund managers, among many other professionals, all depend on real estate in order to make a living.
Therefore, real estate will always play a pivotal role in our economy. So what does this mean to you?
As a person who will inevitably use real estate in their life to either live, work, or play it simply makes sense for you to have a general understanding of the industry.
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