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1970s real estate drivers
OK old timers- I have to put together a little summary report on factors contributing to real estate prices and activity during the 1970s. The items I have already touched on:
* Less capital available to invest due to inflation coupled with static income tax brackets and whatnot.
* Pre 1980s, so this means that with commercial properties depreciation had to be spread out over many more years than currently.
* deficit spending, 'nam. etc.
This is a work in progress, so I'll add more as I go, but figure some of you were actually alive during the 70s and might have some first-hand info to share.
I'm kind of writing this in a cause-effect kind of way, if that helps.
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