Book Description

An interesting and entertaining look at California real estate economics including basic economic principles, history of money, and boom and bust cycles. Key economic topics are emphasized in a simple, easy-to-read format. The real estate profession is one of the main hubs which drive the U.S. economy while creating the highest percentage of wealth for many Americans. Economics is the study of money, land, labor, investments, income, job production, taxes, individual well-being, and governmental expenditures. Current economic real estate trends are discussed including digital money and how Millennials will impact our economy. Probable outcomes of real estate decisions are explained, and trends from which one can make wiser money-making decisions are identified. This is an ideal introductory text for beginning real estate students and an excellent study guide for those taking the state license exam.