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Article: A return to reason. (real estate industry in 1990 and beyond)
- Article from:
- Mortgage Banking
- Article date:
- July 1, 1990
- Author:
CopyrightCOPYRIGHT 1990 Mortgage Bankers Association of America. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A RETURN TO REASON
In the wake of a decade of severe over-building, the real estate industry has finally come to grips with reality - the tremendous space demands of the last 15 years are over. There is now full recognition that the 78 million "baby boomers" are housed and employed. Because new space needs will be much lower in the 1990s, the focus is shifting to management of existing assets to accommodate the demands of a mature, affluent population.
Buildings are being better maintained than ever before. The U.S. real estate inventory is of historically high overall quality, but the typical property is now in much stronger financial hands than has been ...