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An Insider's Look at Today's Real Estate Trends
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It's no secret that real estate has been slow to embrace many of the technological advances that are now commonplace in other professions. This is due in part to the traditionally heavy dependence on people - agents, brokers, and others - to do the heavy lifting.
Most people know it simply as a law that generated a tax cut, but the Tax Cut and Jobs Act of 2017 also created a golden opportunity for real estate buyers and sellers to participate in a program designed to reward the improvement of economically disadvantaged areas across the country.
“The Pareto Principle”, also known as the “The Law of the Vital Few”, is a general rule dictating that 20% of causes are responsible for 80% of effects. You may or may not already be familiar with this law, but I find that it’s best explained through examples...