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Join Date: Sep 2008
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  #1  
Unread 09-10-2008, 07:29 PM

Question Real Estate Dying?

I am meeting alot of Unemployed real estate agents as of late, apparently I was at the "workforce" office, and overheard a worker stating in a cubicle he had a client that was an "out of work" real estate agent....this is FLorida, real bad in Florida actually.
  
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Unread 09-11-2008, 03:41 AM

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Real estate is not dying. It is not doing as well as it used to in the past and many people are not used to seeing the real estate market in the current situation it is in, but there are also many people who are doing very well in it.

For example, I met a man who owns a number of properties around the state I live in as well as in surrounding states in the south.

While I was talking to this man, another man came up and informed us of the number of real estate projects he has going. He has a business that builds apartment complexes, subdivisions, and other businesses. He is doing very well. He too has projects going on here and in other surrounding states.

Of course, both men have been in the real estate business for a while so they pretty much what to avoid and what works and doesn't work.

I believe real estate will come back, it just won't be the way it used to be, which is not such a bad thing. I own real estate, but primarily residential. I am looking forward to getting more into commercial property. This seems to be what both of these men had in common. Not too much residential, more commercial.
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Unread 11-12-2008, 06:37 PM

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I'm a development engineer. I design subdivisions, comercial and industrial sites. We have had to layoff about half our staff in the last 6 month because the real estate game is in such bad shape. There's a lot of factors and it seems like every week it's a new one. However the biggest trend I'm seeing from our clients is that they can not get funding for their projects. The financing just is not there. Most of the people in my industry (which is of course depenant on loction as well) think it will be a year or more before we start putting more land under roof as they say.
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  #4  
Unread 12-15-2008, 12:07 AM

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Rel estate is not Dying - There are just to much houses on the market. Things are selling and their are lots of opportunity out there.
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Unread 01-02-2009, 10:56 AM

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Real estate will never die, period. It's just slow lately, due to financial economic crisis.
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Unread 01-28-2009, 02:12 AM

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What went up must come down and back up. I don't think it will be as high as it did in 05/06 because there won't be those crazy loans offered again. But I think over the years it will get up there and right now is a great time to buy forclosures / bank owned/ even short sales. I bought one back in September for half price of what it was at it's high. It was bank owned and is 2900 sf home in very nice community. My dream home! I think the real estate officers that deal with these types of homes are very busy right now. My sister works for a good reputable mortgage company that is one of the only banks that never got involved with those loans. They are very busy right now with everyone coming to them.
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Unread 01-28-2009, 07:36 AM

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Real estate is just slowing down do to banks not loaning people any money to buy homes. Less money for buying houses = less transactions = real estate agents losing jobs.
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