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economy: Yes! Everywhere, RE plays an essential role to the country's economy.
- 11/28/13 04:47 AM
Owning a Single Family House instead of renting one provides a huge amount of savings for every family. On the other hand, commercial real estate gives greater impact to those waiting to finally land a job whether it may be in a small retail store or in an industrial related company. So generally, RE is everybody's point of revenue.
Real Estate Industry is non recession proof, for instance, RE contruction requires a great deal of labor/work force. Therefore, we can simplify it as no property sales = no work force and no work force = high percentage of unemployment.
The clear … (0 comments)
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Owning a Single Family House instead of renting one provides a huge amount of savings for every family. On the other hand, commercial real estate gives greater impact to those waiting to finally land a job whether it may be in a small retail store or in an industrial related company. So generally, RE is everybody's point of revenue.
;)
;)
