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

To: patron_anejo_por_favor who wrote (176691)	1/13/2009 12:30:24 AM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 306849

Working Again, for 70% Less Pay: Careers in Freefall Jarrod Posner - 70% Pay Cut Old Job: Mortgage lender - $110,000 New Job: Enrollment counselor - $33,000 Hardest thing to give up: I miss the luxury of comfort, knowing we had financial security at all times. I wish I had been smarter. Posner, 34, was a mortgage lender for home builder D.R. Horton making $110,000 a year until he was laid off last May. Despite applying for many jobs through job-search sites, he received only one offer through a contact at the University of Phoenix in September. The position, as an enrollment counselor, paid $33,000 a year. "I was actually thankful because I was getting a job but at the same time my wife and I realized we had to make a lot of lifestyle changes," he said. Since then, the Posners, who have two children, foreclosed on their home, moved into a rental property, downgraded from two cars to one and learned how to budget. But despite the hardship, Posner says he is content with his job and happy to be employed. "Through foreclosure and possible bankruptcy, we've realized as a family what's important." - Jessica Dickler finance.yahoo.com