The Flat World and International Real Estate
Ever since reading Thomas Friedman’s The World is Flat, the implications of globalization have had entirely new meanings. A short summary of the book is that because of advances in technology and attitudes, and because of events like the fall of the Berlin Wall, anyone can have and operated a multinational corporation from their bedroom.
The most exciting implication of this to me, is that the bedroom can be anywhere in the world. There may be a few deep valleys somewhere, where a satellite dish would not work and no other internet service is available; but for the most part any location will work for many businesses.
Some businesses of course are highly localized. These people lose the flexibility that globalization affords; but they also avoid much of the global competition. I really love real estate; because my local business has protection from globalization and increased demand from foreign buyers. My international business gives me personal portability. My hardest decision is “where do I want to be”. Where do you want to be?
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