<p>Just curious why more young people don't go into real estate?? I mean I know people that make a very good amount of money (over 100k) after 3 years or so in the business. It just seems like a very viable option to make good money without putting yourself into debt.</p>
<p>See the 2008 housing market crash. Also just like most people aren’t cut out to be a quantum physicist, most people are also unsuited to sell property.</p>
<p>I’m in the Philadelphia area… I know plenty of people who weathered the collapse… Plus if you live at home for a few years starting out you can take that money you would of spent on college and invest it into rental property so that you have residual income during the down times…</p>
<p>Additionally… So your saying most people are socially inept?</p>
<p>If everyone became a real estate agent no one would be making much money.</p>
<p>I’m just proposing the idea because I was accepted into George Washington University but may pass it up to go into real estate…</p>
<p>Just don’t know if it’s a bad idea or not because I would probably be a Political Science major… Not good at math. (I have an associates in Paralegal Studies now) So not sure what the job market would look like for me with those kind of credentials.</p>
<p>For me at least, I wouldn’t because of the financial security. As a real estate agent, you get paid entirely off commission while at most other jobs you know you will make X amount and have Y amount left over to spend. As a real estate agent, you never know what you’ll make. How do you budget for food, clothing, house, car, etc when you never know how much you will make next month? You would have to live paycheck to paycheck and save money on the side to get yourself a budget. Most don’t even make $50,000 a year anyways.</p>
<p>My $.02</p>
<p>People who do well in real estate work A LOT OF HOURS. They work all weekend when other people are off and can look at houses. They are available on a moments notice to show a property. They deal with people whose houses are not selling or who are getting low offers, and they are not happy. They deal with people who are losing their houses or losing their families through divorce. It is not an easy job.</p>
<p>These are a few of the reasons why this gregarious person does not sell real estate.</p>
<p>Ok so “they work A LOT of hours.” Ok so don’t lawyers, doctors, accountants all work a lot of hours? Anybody making any money work a lot of hours. Lawyers never take their work home with them on the weekend? Oh and they have to deal with stress… What other professions do you not deal with stress? Become an E.R. nurse and deal with life threatening situations… That is so much less stressful… I am just playing devils advocate.</p>
<p>Any really successful person does work a lot of hours. All of the examples you used include an education level of bachelor’s degree, so if they hate the job, they have an education to do something else. Also, with the other positions you listed, at some time there should be some control over hours. In real estate, you will probably always work weekends if you are working residential. </p>
<p>If you think it is for you, go for it.</p>
<p>^ But remember… While Real Estate agents need to be available… They don’t grind out a time clock for 8 or 9 plus hours at a time. They aren’t trapped in a box… They are always working and at the same time not really ever actually doing much work at all… Basically you never ever have to hear from a boss. You take breaks when you want etc. There is a lot of upside in that. Or you can choose to grind it out for 4-7 years in college, do countless unpaid internships, graduate with debt to your eye balls and work somewhere in a box for 8-12 hours a day so you can have those “weekends off.”…</p>
<p>What do your parents say?</p>
<p>Well they say the only jobs our there are math and science based and I “cant do math.”</p>
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<p>Lawyers also have one of the highest percentage of job dissatisfaction in the country:</p>
<p>[Unhappiest</a> Job in America? Take a Guess « Above the Law: A Legal Web Site ? News, Commentary, and Opinions on Law Firms, Lawyers, Law Schools, Law Suits, Judges and Courts + Career Resources](<a href=“http://abovethelaw.com/2013/03/unhappiest-job-in-america-take-a-guess/]Unhappiest”>Unhappiest Job in America? Take a Guess - Above the Law)</p>
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<p>If you think an upside to being your own boss is that you get to set your own time, and relax, you probably won’t be motivated enough to do well as a real estate agent. In my experience, the people I’ve met who are successful and earn a lot of money tend to work long hours (70 or more) for several years (5 or more.) You’d likely have to do the same to be a successful real estate person.</p>
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<p>You’re exaggerating, a lot. But if that’s how you view college, find an alternative which better suits you, like, perhaps, real estate. </p>
<p>It doesn’t make much sense, to me at least, to come to a website called College Confidential and try to convince people that college is a waste of time, when our association with colleges and universities is essentially the one thing that brings us all together. From what i’ve observed, most people on here thoroughly enjoyed their time in college, and I’d doubt many viewed it as a waste of time.</p>
<p>My husband tried residential real estate once. The bottom line is if you don’t sell, or your clients don’t buy, you don’t get paid. You do not get paid for your time. If you’re single, and have some money stashed, go for it. If you have to support a family I don’t recommend it,unless your partner has a secure job. I’m not familiar with commercial real estate. That may be different.</p>
<p>^ Well I’m playing devils advocate here. I am 26 years old now and need to make a move. Just don’t want to make the wrong move.</p>
<p>I have a few thousand in the bank, no debt, no car payment, single living at home with parents…</p>
<p>Well, now might be a great time to try it. It’s a small investment to get started, so the risk is low if it doesn’t pan out.</p>
<p>Most real estate agents DON’T make over $100K.</p>
<p>We might all agree that people should work at what they’re good at and at what they enjoy. If Bo wouldn’t be good at or enjoy what colleges teach, but likes and would be good at real estate, maybe real estate is the right thing. But for most, statistics show college affords a lifetime of better earnings, which could be a consideration for some.</p>
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I wouldn’t choose my career based on the success of a few people you happen to know (assuming they are even telling you the truth about their earnings). You need solid statistics about what the typical agent can expect to earn in your area and how saturated with agents it is. Certainly where I live most real estate agents earn much, much, less than $100K/year and spend an awful lot of their time battling for small commissions on apartment rentals. Finally, mere gregariousness won’t do it. Are you a natural salesman with good powers of persuasion? Do you have excellent communications skills and the patience to deal with clients who may be demanding or clueless? Could you handle the inevitable periods where you produce no commissions despite putting in lots of time and effort? Not everyone has those attributes. But if you do, and the field really intrigues you, there’s no reason why you shouldn’t postpone college and give real estate a try.</p>