SAN FRANCISCO—Wouldn't it be convenient if someone had clear, intelligent answers to most of your CRE-related questions? Problem solved. Nina J. Gruen, a.k.a. Ms. Real Estate, a.k.a. the principal sociologist overseeing market research and analysis at Gruen Gruen + Associates, is here to answer readers' questions.
Dear Ms. Real Estate:
Income inequality may well have been the most significant domestic issue in 2014. The numerous reviews of Thomas Piketty's Capital in the Twenty-First Century, the multitude of newspaper editorials, articles in magazines like The Economist and non-profit organizations like the Center for Continuing Study of the California Economy all tell us that growing income inequality is a major problem for our country. My question is whether this inequality is likely to stabilize, improve or worsen. As an investor in real estate, the degree to which my present and future income stream is likely to be impacted is directly related to the answer to this question.
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