We know what you’re thinking…you must be crazy if you think it’s a good time to begin a career in real estate. The current economic climate in the U.S., and in the world for that matter, is such that “upheaval” is not a strong enough word to describe what’s going on. What’s more, the whole crisis began with a series of questionable, sub-prime mortgages made by unscrupulous mortgage brokers to unsuspecting (and, quite frankly, not very bright) home buyers. It snowballed once Fannie Mae and Freddie Mac “warehoused” the loans and then got yet more complicated when the loans were bundled into securities that are now the so-called “toxic assets” rotting away on the balance sheets of the big New York investment houses.

From the contrarian perspective, however, now is a great time not only to buy real estate (rates are low if you can get a mortgage, and home prices are plummeting), but also to begin a career in real estate. Now, hear me out on the real estate careers option…the training to become an agent varies by state, but in Maryland a fairly intensive course of study lasts for about two months. To truly get one’s feet wet requires probably another 1-2 years, during which time one learns by minor mistakes and from experience. Finally, so many real estate agents who were never really going to make it in th first place have been jumping ship with the turning of the market from “boom” to “bust,” and even though there are fewer homes being sold (and at lower prices), there are also fewer agents to compete with.

What this all adds up to is a good opportunity for those gutsy enough to go firmly against the grain of “group thought” or, in the case of the American public right now “mass thought,” and get in while the rest of the world is getting out.

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