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1. Supply and demand directly relate to Net Operating Income (NOI) which affects the property value. 2. Effective real estate market research is often a

1. Supply and demand directly relate to Net Operating Income (NOI) which affects the property value.

2. Effective real estate market research is often a matter of excluding the irrelevant.

3. When one buys a real estate property, what one is buying is a set of assumptions about the future.

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