The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tradelite who wrote (34679)	6/30/2005 2:09:20 AM
From: mishedlo	Read Replies (2) of 306849

Answers to both your questions look pretty easy, in my humble opinion. You lose: there is something like 1 real estate agent for every 3-4 sales in CAlifornia. No way in hell when real estate turns down that 1/3 to 1/2 of those agents (if not more) are in deep shit. California may be the worst but it is not unique. As for HVAC there are those that service older houses and there are those who primarily depend on servicing the homebuilders. Again I say that it is only logical that one hell of a lot of those trades (espcially the contractors used to making and blowing overtime pay to support lifestyles dependent on a full boom) are going to have severe problems in a prolonged downturn. As for newbies finding other lines of work... where? Walmart? At what pay reduction. A housing turndown will also affect truckers, dock workers, parts distributors, etc etc etc. It seems to me you seriously underestimate the affects that a housing downturn will have. Mish

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next