Agent

4 real estate lessons from the 1%

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

While reading this article about the aggressive -- and ostensibly legal -- tax reduction strategies of Ronald S. Lauder (son of Estée), I was struck by this quote from University of Colorado law professor Victor Fleischer: "There's real truth to the idea that the tax code for the 1 percent is different from the tax code for the 99 percent." The connotation? The super-rich have not only cash, but also elite access to loopholes and other advantages to which the 99 percent might aspire, but will never attain. While the Occupy movement is on a mission to illuminate and shatter power imbalances between the 99 percent and the 1 percent, there's another angle to take on the issue: Let's call it the "If you can't beat 'em, learn from 'em" school of thought. Along those lines, here are four real estate lessons all of us can take from the 1 percent: 1. Take advantage of government programs/assistance. When the big banks -- whose execs certainly belong to the 1 p...