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8. Define comparative advantage in a real estate context. How might this be used to increase investment performance? 9. Explain the real estate market cycle

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8. Define comparative advantage in a real estate context. How might this be used to increase investment performance? 9. Explain the real estate market cycle as related to new construction, bank lending risk tolerance, and rental rates. 10. What stage of the real estate market cycle is your home market in currently? Does the stage differ by property type and if so why? Who could you ask to determine this information

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