There was a huge over supply of people in these “sales” jobs. Many really weren’t needed, it was just dividing up the pie into smaller pieces.
The market can function without all of the people that have left. They can look for other sales jobs in different fields and find new victims.
Many people in real estate and mortgage weren’t qualified, able or capable to give average people advice about the largest financial transaction of their lives, but they did.
Most of the mortgage folks only knew that the worse they screwed the borrower, the more they put into their pocket, and they did.
It’s not like we are having a brain drain of highly intelligent, honest, ethical people flee the area.
It was a gravy train for many of them. They were so foolish, they didn’t even realize it and have nothing to show for it today except a pile of debt.
