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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (61261)	5/17/2006 5:41:39 PM
From: mishedlo	Respond to of 110194

Those scales are so vastly different I think the chart is useless. Mish

To: Wyätt Gwyön who wrote (61261)	5/17/2006 5:55:16 PM
From: russwinter	Read Replies (3) \| Respond to of 110194

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.

To: Wyätt Gwyön who wrote (61261)	5/17/2006 8:37:17 PM
From: TimbaBear	Read Replies (1) \| Respond to of 110194

if i read that BLS chart correctly, there are now about 1.44 million RE workers ... Seems low to me....how many does it take to build a house? What was the peak rate of construction? Real Estate agents, mortgage originators, processors, underwriters, closers, title company personnel, surveyors, appraisers, inspectors, pest inspections, appliance vendors and installers, cabinet makers, etc., etc. Not to mention how many folks made a living off of flipping. Now, RE industry won't go to zero, but a significant slowdown impacts the incomes of millions I would guess. Not to mention the impact on Federal taxes: lost wages, cap gains turning into cap losses, estimated payments having to be refunded, etc. Timba