Oh, Kim! You say it is tough times for real estate agents? I am not crying for the people who walked into my business thinking it is an easy buck, and are now crying that they had to work too hard for their pay. Let them quit in droves.
It is tough times for lots of people in real estate: It is a hard time to buy if you have trouble borrowing; it is a hard time to sell if you need to get an especially high price to cover your debts; it is a hard time to sell newly developed condos; it is an awful time if you work for a lender.
The newspapers and blogs are full of confusing and sometimes contradictory information about what is going on in the economy of real estate. Prediction is futile, unless you want to be wrong. The only breath of fresh air in all this is that the agents who don't know how to make a living are leaving the business, the people who were over-borrowing have been shut out, and the speculators are thinking twice. I see all these as good things. Bring it on!
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