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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (34677)	6/30/2005 12:15:20 AM
From: Tradelite	Read Replies (2) \| Respond to of 306849

Answers to both your questions look pretty easy, in my humble opinion.... Experienced HVAC technicians will make money servicing and repairing HVAC systems in apartments, condos and rental or owner-occupied houses--more of which are being built to house a growing population. Real estate commissions will either stay the same or go up. It takes a lot of work and marketing money to sell homes when properties don't sell in a week or two, and the clients will pay. Good estate professionals survive any market change--they can just fire one or two assistants and stay even. The newbies who never got well-established in the biz in the first place will find other lines of work. Many already have a backup income from someone else in the family, anyway. That is my opinion, based on observation and experience during many different types of market conditions.

To: mishedlo who wrote (34677)	6/30/2005 12:28:13 AM
From: Mike Johnston	Read Replies (1) \| Respond to of 306849

I have a friend that had a lifestyle based on his ability to make 2K per day in the stock bubble. To go back to a $250 per day job was a rude awakening. Same thing will happen with 22 year old mortgage brokers/speculators who have been making millions. Ultimately it will be a curse for them. Imagine what would it feel like to reach a financial high point in your life at the age of 22 and then only go down. Some of the windfall profits from a bubble should be withdrawn and put in a safe place, but most of those high fliers will just keep leveraging up thinking they will be able to make an even bigger killing and eventually they will go bust. But can you blame them ? That nice $5 million mansion in Palm Beach is now 15 million so no amount of money is ever enough.