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JavaBuc

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: April 11, 2007, 03:18:16 AM

My company recently advertised for a position that is open.   Although real estate has nothing to do with our field of business, it seems that about 90% of the applicants are current real estate agents.   I guess that goldmine has dried up.    LOL!

Morgan

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#1 : April 11, 2007, 07:02:01 AM

That's funny, because my golf partner just told me the exact same thing - that Kiplingers.com wrote an editorial about FLA real estate agents being out of work and not selling houses. I knew the FLA market hit a peak, but didn't think that people stopped buying drastically.   What burns me up mostly about the market is that piece of crap houses that cost 130K now are going for over 200k.  Nothing special about the house, either. In 2004, you could get a very nice place for 200-225k. Not anymore.

And the shacks that people are trying to sell for $140-150k are laughable. I'd rather retire in another state than shell out money for stupid lean-to shed.


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#2 : April 11, 2007, 07:42:06 AM

It all goes in cycles.  Anyone off the streets could sell homes the last 3 years.  In 1997,98,99, anyone could be a stock broker from off the streets and sell stocks and they were all let go when the market dove in 2000.

The housing market prices arent diving as fast as stocks, but houses aren't selling nearly as fast as they were.  Its back to about 2000-2002 selling and buying.

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Morgan

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#3 : April 11, 2007, 08:26:25 AM

You don't expect that prices will return to the pre-2006 level, do you?  Probably not a drastic fall, maybe just 10-15% from what I've heard.



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#4 : April 11, 2007, 09:44:59 AM

You don't expect that prices will return to the pre-2006 level, do you? Probably not a drastic fall, maybe just 10-15% from what I've heard.

There weren't any real rises thru 2006, so they are already at 2005 prices. 

As for real estate agents, there were too many of them to make a good living before the slowdown so they are really screwed now.  When I moved to the US in 2000 the average agent in Valrico earned $45k, but during the peak of the boom it was down to $37k.  The main reason was the number of agents trebled and there weren't that many houses on the market.  Most the realtors I know do it part time, housewives and semi-retired people.

alstott40

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#5 : April 11, 2007, 10:38:39 AM

does that mean I can buy a mansion with my half a mil?  the price I sold my home for in ca?




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#6 : April 11, 2007, 10:49:05 AM

does that mean I can buy a mansion with my half a mil? the price I sold my home for in ca?

500k will get you a 3000+ sqr foot home with a pool on a pretty nice subdivision.

MrFreakinMiyagi

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#7 : April 11, 2007, 11:23:13 AM

does that mean I can buy a mansion with my half a mil? the price I sold my home for in ca?
Nope, not really. You might be able to find a 1000-1200 sf condo in a decent area for that. Just give me the 1/2 a mil, and I'll find something for you ;)

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#8 : April 11, 2007, 12:55:47 PM

My company recently advertised for a position that is open.   Although real estate has nothing to do with our field of business, it seems that about 90% of the applicants are current real estate agents.   I guess that goldmine has dried up.    LOL!

Some of those agents who didn't make it big are now struggling to pay the rent.

LOL?

I don't get that. You seem to get lots of pleasure out of other people's struggles.

???

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#9 : April 11, 2007, 01:09:23 PM

I'm a real estate investor (buy fix-up and sell/rent houses) and I have a real estate license for obvious purposes.

I live in Atlanta and I'm not sure how it is in Florida, but there's so many people in real estate (I'd say 80%) that don't know what they're doing.  The license is fairly easy to get and usually its someone's 5th or 6th try at some sort of a respectable career. 

Its amazing how many times I've called agents about their houses and no one ever answers or give a call back. 

Its a field that people think is glamorous I guess but its pretty overrun with people who have no business being there.  And they usually take themselves WAY too seriously.


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#10 : April 11, 2007, 01:19:11 PM

does that mean I can buy a mansion with my half a mil? the price I sold my home for in ca?

500k will get you a 3000+ sqr foot home with a pool on a pretty nice subdivision.

500k will get you 2 acres and about 3000-4000 sq ft in the new housing area we are looking at building in.
Spend that same 500k about 25 miles south of me and you're looking at much much less in both land and square footage.
.16 acre
1500-2000 sq ft

We moved out or Orlando for several reasons. Crime was the major contributor. Housing costs was second.



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Groovatron

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#11 : April 11, 2007, 01:48:07 PM

Where's the area?

Buc Wylde

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#12 : April 11, 2007, 02:01:25 PM

Where's the area?

Debary

Out by the river on the west side of 17/92, they are building some very nice homes. All are situated on a large area of land and are not filling up quickly at all. Debary is not exactly the city life.. not by a long shot. It's growing slowly but continually.

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alstott40

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#13 : April 11, 2007, 02:05:49 PM

how much was Pittman's house again?




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#14 : April 11, 2007, 02:11:52 PM

how much was Pittman's house again?

I think the one he was flipping was around $900k.
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