JP
The point is those are the terms we all work work under in the private sector. When times are good there is more money and when times arent belt tightening needs to follow. The private sector is much better at that than the public sector. We are not blaming the worker bees but feel they need to share in the pain like everyone else. Their powerful unions prevent a free market.
Also, I just cant resist the “vast amounts of money” statement. Having not worked in RE you have no idea how vast those amounts actually are. Even in the bubble era, a small percentage (well under 20%) of realtors generated 6 figures in net commissions. They also shouldered self employment taxes, paying for 100% of their own benefits and 100% of their business expenses.
I’m not complaining because i am doing this by choice because it allows me to live my life on my own terms. I’m not doing this because its great money, I’m doing it because it allows me to participate in everything my children do. Despite working 60 to 100 hour work weeks and producing at a level that puts me among the top 5% of agent s in SD County, I can safely say that my net compensation is well below that of the typical net earnings I see on the tax returns of fireman and cops. This isnt to say I should be paid more than them but rather you great overestimate the amount of money people make in this business.
