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What about a Realtor Bail Out?
Since everyone is talking Bail-outs, how about me? I'm concerned about my future too so what do I do - I work harder and smarter, that's my option. I specialize, downsize, qualify prospects more intelligently, make smarter decisions and listen better but is that enough? What about my bail out? I know that I'm "just a Realtor" But I"m a professional and on a different scale, I'm effected too. The difference is that every day I wake up - I'm unemployed. I don't make a living unless I successfully close a transaction and even after everything is perfect, the short sale, foreclosure or REO might still not close or it can come back to haunt us costing more time and at the end of the day, time is money. My 401K and SEP IRA are down substantially, not to mentione the overall number of transactions are down, effecting my income. I've taken a hit and no one is coming to bail me out. Am I affected, UBETCHA. My investments were for MY retirement, not to fund failing businesses or wall street adventures. I want my money back. They say 'wait, it will come back" - WHEN? Will it be before I ... more
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