Comments on: Realtor Survives Recession as Cab Driver http://survivingtheworkday.com/2008/04/05/realtor-survives-recession-as-cab-driver/ news, notes, & tips about spirituality and religion in the workplace Fri, 22 Aug 2008 04:37:33 +0000 http://wordpress.org/?v=2.2.2 By: Aimee Nester http://survivingtheworkday.com/2008/04/05/realtor-survives-recession-as-cab-driver/#comment-2814 Aimee Nester Mon, 21 Apr 2008 16:06:58 +0000 http://survivingtheworkday.com/2008/04/05/realtor-survives-recession-as-cab-driver/#comment-2814 Um, yeah. I'm a day care provider and I really have to hustle to get business. We haven't felt the crunch of the economy yet, except for not being able to refinace our house we bought a year ago. We owe more than it is currently worth and pay an outrageous mortgage. There are forecloseures left and right in Sac. Um, yeah. I’m a day care provider and I really have to hustle to get business. We haven’t felt the crunch of the economy yet, except for not being able to refinace our house we bought a year ago. We owe more than it is currently worth and pay an outrageous mortgage. There are forecloseures left and right in Sac.

]]> By: Ms. Theologian http://survivingtheworkday.com/2008/04/05/realtor-survives-recession-as-cab-driver/#comment-2638 Ms. Theologian Tue, 08 Apr 2008 14:55:16 +0000 http://survivingtheworkday.com/2008/04/05/realtor-survives-recession-as-cab-driver/#comment-2638 No, I meant to be funny. You're okay. But there's just no moral. Sell a year or two ago? Rake in some bucks. Try to sell now? Local teens take over your foreclosed home. No, I meant to be funny. You’re okay. But there’s just no moral. Sell a year or two ago? Rake in some bucks. Try to sell now? Local teens take over your foreclosed home.

]]> By: h sofia http://survivingtheworkday.com/2008/04/05/realtor-survives-recession-as-cab-driver/#comment-2627 h sofia Tue, 08 Apr 2008 05:01:15 +0000 http://survivingtheworkday.com/2008/04/05/realtor-survives-recession-as-cab-driver/#comment-2627 Ms. T @ 10 - Was it wrong that I chuckled out loud at that? Maybe I have no moral, either. Ms. T @ 10 - Was it wrong that I chuckled out loud at that? Maybe I have no moral, either.

]]> By: Ms. Theologian http://survivingtheworkday.com/2008/04/05/realtor-survives-recession-as-cab-driver/#comment-2617 Ms. Theologian Mon, 07 Apr 2008 22:58:29 +0000 http://survivingtheworkday.com/2008/04/05/realtor-survives-recession-as-cab-driver/#comment-2617 I'm sure there's plenty of money for war. We just borrow from China. We were thinking of selling out house 3-6 months ago, but a similar house on the block wasn't selling, and the price kept dropping, and now it's foreclosed and local teenagers have sex in it. This story has no moral. I’m sure there’s plenty of money for war. We just borrow from China.

We were thinking of selling out house 3-6 months ago, but a similar house on the block wasn’t selling, and the price kept dropping, and now it’s foreclosed and local teenagers have sex in it. This story has no moral.

]]> By: h sofia http://survivingtheworkday.com/2008/04/05/realtor-survives-recession-as-cab-driver/#comment-2616 h sofia Mon, 07 Apr 2008 22:32:32 +0000 http://survivingtheworkday.com/2008/04/05/realtor-survives-recession-as-cab-driver/#comment-2616 Ms T - I think the 1 in 50 figure was only taking into account adults. One of the articles I read (I might not have referenced it) stated "1 in 52 adults in California." The market is just so bad right now - there aren't enough sales. Regardless of how much work one puts in as an agent, there is less revenue now than before. Less money for everyone, except maybe a privileged few. And even beyond residential properties, I've noticed a LOT more "for lease" signs up in the strip malls. Even whilst construction commences on new strip malls. Not good. Ms T - I think the 1 in 50 figure was only taking into account adults. One of the articles I read (I might not have referenced it) stated “1 in 52 adults in California.”

The market is just so bad right now - there aren’t enough sales. Regardless of how much work one puts in as an agent, there is less revenue now than before. Less money for everyone, except maybe a privileged few. And even beyond residential properties, I’ve noticed a LOT more “for lease” signs up in the strip malls. Even whilst construction commences on new strip malls. Not good.

]]> By: Ms. Theologian http://survivingtheworkday.com/2008/04/05/realtor-survives-recession-as-cab-driver/#comment-2611 Ms. Theologian Mon, 07 Apr 2008 18:32:59 +0000 http://survivingtheworkday.com/2008/04/05/realtor-survives-recession-as-cab-driver/#comment-2611 That sounds pretty similar to the rest of us. That sounds pretty similar to the rest of us.

]]> By: Terri http://survivingtheworkday.com/2008/04/05/realtor-survives-recession-as-cab-driver/#comment-2608 Terri Mon, 07 Apr 2008 17:47:56 +0000 http://survivingtheworkday.com/2008/04/05/realtor-survives-recession-as-cab-driver/#comment-2608 i meant 6-figures, of course... i meant 6-figures, of course…

]]> By: Terri http://survivingtheworkday.com/2008/04/05/realtor-survives-recession-as-cab-driver/#comment-2606 Terri Mon, 07 Apr 2008 17:23:35 +0000 http://survivingtheworkday.com/2008/04/05/realtor-survives-recession-as-cab-driver/#comment-2606 My husband and father-in-law are both realtors in NY state. The only thing that is separating the "fittest" from the "not-so-fit" is how much savings they've already acquired during the boom. Even my father-in-law-- a "three-figures earning, top of the class" realtor--is struggling as the market sits at a stand-still (no more three-figures), and luckily has his work as county legislator to fall back on, (as well as savings, investments, etc. from those hot market years..). My husband-- a relative newcomer to the real estate field-- is now looking for full-time teaching (his other profession...), and if he happens to sell a house--that's great--but we're not staking our futures on it! My husband and father-in-law are both realtors in NY state. The only thing that is separating the “fittest” from the “not-so-fit” is how much savings they’ve already acquired during the boom. Even my father-in-law– a “three-figures earning, top of the class” realtor–is struggling as the market sits at a stand-still (no more three-figures), and luckily has his work as county legislator to fall back on, (as well as savings, investments, etc. from those hot market years..). My husband– a relative newcomer to the real estate field– is now looking for full-time teaching (his other profession…), and if he happens to sell a house–that’s great–but we’re not staking our futures on it!

]]> By: Ms. Theologian http://survivingtheworkday.com/2008/04/05/realtor-survives-recession-as-cab-driver/#comment-2602 Ms. Theologian Mon, 07 Apr 2008 16:30:22 +0000 http://survivingtheworkday.com/2008/04/05/realtor-survives-recession-as-cab-driver/#comment-2602 I can't get my math to match up with the 1 in 50 figure. If there are 36 million people in California and a half million realtors, the ratio of realtors to people can't be 1 in 50, but more like 1 in 72, right? I'm rounding, and I believe that's still a lot of realtors, but the point the article seemed to make is that it's not necessarily survival of the fittest in terms of who stays as a realtor. It seems that some of the "fittest" realtors were getting out permanently. Though examining what "fittest" means is sort of interesting in realty, because I think it's not so much the sales ability as the multiple sources of income, as you point out Hafidha. I can’t get my math to match up with the 1 in 50 figure. If there are 36 million people in California and a half million realtors, the ratio of realtors to people can’t be 1 in 50, but more like 1 in 72, right? I’m rounding, and I believe that’s still a lot of realtors, but the point the article seemed to make is that it’s not necessarily survival of the fittest in terms of who stays as a realtor. It seems that some of the “fittest” realtors were getting out permanently. Though examining what “fittest” means is sort of interesting in realty, because I think it’s not so much the sales ability as the multiple sources of income, as you point out Hafidha.

]]> By: h sofia http://survivingtheworkday.com/2008/04/05/realtor-survives-recession-as-cab-driver/#comment-2600 h sofia Mon, 07 Apr 2008 16:21:25 +0000 http://survivingtheworkday.com/2008/04/05/realtor-survives-recession-as-cab-driver/#comment-2600 Oh, I meant to add: I was watching a CNBC interview with Warren Buffett yesterday, and he mentioned the real estate industry. He commented on how Dade (and another) County had ten times the number of listings, and only 1/2 the number of sales as compared to a year ago. He stated these in actual numbers, but I've forgotten the exact figures. Also, for what it's worth, Buffett believes we're in a recession. It's nice to hear someone "up there" actually acknowledge that. If I see one more headline at the newspaper stand that says, "Recession a Possibility" or some other delusion, I'm going to scream. Oh, I meant to add: I was watching a CNBC interview with Warren Buffett yesterday, and he mentioned the real estate industry. He commented on how Dade (and another) County had ten times the number of listings, and only 1/2 the number of sales as compared to a year ago. He stated these in actual numbers, but I’ve forgotten the exact figures.

Also, for what it’s worth, Buffett believes we’re in a recession. It’s nice to hear someone “up there” actually acknowledge that. If I see one more headline at the newspaper stand that says, “Recession a Possibility” or some other delusion, I’m going to scream.

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