Why do some communities become downtrodden or full of dilapidated structures? Well, today we will help discover this problem. In this blog, we will discuss real estate economic principles related to neighborhood cycles, demands, and cause of change in regions.
What causes a change in neighborhoods?
Mark Lester has over 5- years of experience in the real estate industry and is an active employing broker in the state of Colorado that specializes with investment and business real property sales. Prior to a career in real estate, Mark worked over 10-years in the restaurant industry. Recently, he has consulted business owners and real estate investors with helping them solve issues ranging from marketing, operational, financial, or portfolio strategies. Finally, educationally, the author holds a BA in real estate from Ashford University, in addition to an MS in finance and economics, and MBA from West Texas A&M University.