[summer]

They keep talking about a housing "bubble" or slow-down, but here in Florida there is just no sign at all there will ever be a "slow-down." Prices of property people bought just two or three years ago have already doubled or tripled in some cases.

And, being a real estate agent is hard work, as I know several people employed as brokers or agents; however, at least there's a chance to make some real money.

[MikefromOhio]

it has to slow down sometime....not to stop the optimism of right now, but you can't plan for it to NEVER slow down....

[since1868]

booked

[stopem]

We were going to buy in FL a few years ago, now I wish we had.
It's not as easy as people think to get a R.E.license, the competition is fierce, but I bet there will be so many homes flooding the market now in their quest to make a killing in this current RE BOOM that there will be plenty of homes for each RE agent.

R.E. agents will be flooding the market just the way the homes will be.

For you naysayers out there, there will eventually be the big slowdown coming to all the hot markets as they will price themselves right out of the market soon.

In the suburbs of Chicago for example, Naperville was once a thriving beautiful city, they began by selling homes for $350K and now they cant give away the homes at $250K
in Lyons, once a nice little community, people are still trying to get $350K for a bungalow and are finding there aren't takers as fast as they thought they would sell.

Florida is another story, there were affordable homes there about a year ago and of course they will try to sell their homes now for $350K and higher, it will take a few hurricanes before people will say I will not buy at any price. Thats what stopped us from buying a few years ago, HURRICANES folks!

[sharkhawk]

And you too can become rich by coming to my seminar on how to be a day trader!!!!!. Seriously, this is one of the signs that a bubble is in the offing. How many people can be trading properties before the market becomes saturated?

[sgtbono2002]

Real Estate. the one business they cant outsource.

[MeneMeneTekelUpharsin]

High-tech fiasco all over again. So many people think "Quick, easy and I'll make a lot of money." How sad. It simply doesn't work that way for long. Before long we'll see a downturn in the housing market, thousands of people who studied to become real estate agents won't have jobs and it will be difficult for them to go back to school with bills to pay, children, etc., etc. and they'll want the government (i.e. you and me) to bail them out.

This is beginning to look like a mess which will make the high-tech bust pale by comparison. So many people have the vast majority of their wealth tied up in their homes. I would suggest extreme caution and if one were to sell for an immense profit, diversify the profit into other investment vehicles and take it easy on what they buy in a home, IMHO.

[RightWhale]

being a real estate agent is hard work

There is a test to get the state license. Any highschool grad is smart enough to pass if he wants to study some really boring material and learn a couple of strange numbers. A special school would be a waste of money. Beyond that, once in business the degree of difficulty is up to the agent. The degree of success in the business is also up to the aqgent.

[Hildy]

It'll slow down, believe me, it always does. And by the way, real estate agents make way too much money. 6% on these inflated prices is outrageous.

[Hildy]

It'll slow down, believe me, it always does. And by the way, real estate agents make way too much money. 6% on these inflated prices is outrageous.