Wednesday, January 30, 2008

Boulevard of brokers' dreams

I just watched an msnbc video talking about the "fallout" from the real estate market and mentioning that "an entire army of Realtors are struggling to get by." They went on to say that a Fla real estate school's enrollment is down by 50% and that many agents are "shell shocked."
The video also featured an agent that has traded real estate for roses by turning her office into a flower shop to gain "steady" income. This lady mentions that she had stars in her eyes and wanted to make big money. I missed the part where she mentioned that she actually wanted to help people or be a source they can count on to give professional advice. I love the angle on these stories that show and talk about how many people flocked to real estate when the market was "good" so they could "make some money."
Guess what folks... Much of our nation was under the mis-guided analysis that real estate was the equivalent of a .com stock. Any agent that is in the business just to make a bunch of money is probably NOT looking out for their clients best interest, but looking to their bottom line. My grandpa had an old saying that went, "hogs get peanuts." - This has never been more true. Those that simply looked for an easy way to make a quick buck are leaving the industry and that is probably not a bad idea.. Maybe they are now asking... "You want fries with that?"

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