From a quick glance at the chart, there are about 200,000 jobs that will be disappearing from real estate from this sector alone. Add in the construction, the mortgage lending, and any others you can think up (just take the delta from 2001-2006, pretty much all of them are toast) and there you have the makings of the California recession to come.
Even if you are selling your own house, it makes sense to have a real estate license. Few hundred bucks for a license and you don't have to pay tens of thousands to real estate agents. So why not get a license even if you're not selling other houses. But this brings up questions of inefficencies in real estate market which CR has previously posted
ahamm, I've bought and sold homes and property for over 20 years in California and Michigan... I never needed a license to do succeed, and did not want to be governed by the strictures of the states' real-estate-industrial-complex...
From a quick glance at the chart, there are about 200,000 jobs that will be disappearing from real estate from this sector alone. Add in the construction, the mortgage lending, and any others you can think up (just take the delta from 2001-2006, pretty much all of them are toast) and there you have the makings of the California recession to come.
Lots of people to sell the 70,000 or so houses and apartments listed in 8 largets cities in the state!
Even if you are selling your own house, it makes sense to have a real estate license. Few hundred bucks for a license and you don't have to pay tens of thousands to real estate agents. So why not get a license even if you're not selling other houses. But this brings up questions of inefficencies in real estate market which CR has previously posted
Sure looks like a lot of people are taking the time honored advice to work your way up from the bottom... that is if they stick around after 2011.
ahamm, I've bought and sold homes and property for over 20 years in California and Michigan... I never needed a license to do succeed, and did not want to be governed by the strictures of the states' real-estate-industrial-complex...
"There won't be a decline in prices until we see a downturn in the job market."
But a large part of the job market Is housing.
"There will only be a slowdown if there is a recession."
But without housing we have been in or near a recession.
There's a bigger picture here than most economist want to look at.
I can't remember the title of that movie (a 90s movie) with Jack Lemmon about how difficult can be the task for a salesperson. Do you?
yes!
Glengarry GlenRoss
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