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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (61266)	5/17/2006 7:45:23 PM
From: Jim McMannis	Read Replies (1) of 110194

RE:"Correct about a million and a half real estate agents, but if those folks in aggregate are taking home 20-25% less than last year, that could be quite a hit on taxable wages." Most all real estate agents don't get wages they get commissions and they are treated as independent contractors. That said, don't be surprised if it's a lot more than a 20-25% hit. It will be more like the broker fall out after the '87 crash. They just got out of the business or out of a window. <G>

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