Libertarian Jackass

"Life is short, but truth works far and lives long; let us speak truth." -- Schopenhauer

Tuesday, October 04, 2005

More On The Bubble

Overpaid, underworked: real estate agents cash in in San Diego. How long until these clowns are out of careers? Less than 12 months?
In other words, for every Louise James, who has closed on 71 homes this year, there are 95 who sell only four or five homes a year.

"There will be a lot of hungry real estate agents in the next 12 to 18 months," Thornberg said.

Bostic, while not as pessimistic as Thornberg, acknowledges that houses are now selling in "months, not days" as they were a year ago. Now he spends most of his time training agents to price homes in a slow market and better organize their time.

"People have to realize that it is a business and it needs to be treated like a business, not a hobby," Bostic said.

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