Mish, if you think those excess real estate agents in California, who you think will go broke if the market turns down, actually NEEDED the money when they went into the business, then either they were stupid (because real estate does not guarantee a living wage unless one is already established in the biz), or you don't understand the real estate business.
As for "experienced" HVAC technicians (which was the subject of the original post), experienced HVAC technicians can get a job anywhere. And gosh, I was being conservative in only mentioning their employment opportunities in residential housing. I never mentioned the need for HVAC expertise in office, commercial and industrial buildings.
Are you predicting nuclear winter where all buildings and homes go dark and no one needs heat or air conditioning?
You can fry an egg on the sidewalk during July as easily in St. Louis as you can in Florida or Wash DC. You can freeze as easily without heat in Wash DC or NYC during February.
Also, to clarify my response to your original post on the subject, you mentioned real estate agents and HVAC contractors as being victims of a real estate downturn--not truckers, dock workers, etc. So that was the limited focus of my reply.
Might be worth reading the real estate-related stories in yesterday's Wall Street Journal on pages B-4 and B-6 . Whether they are another sign of a residential/commercial/industrial real estate bubble, or they are a sign of a new reality in the global investment marketplace, I'm not sure. But they are worth reading. |
