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Mammoth & The Future of Real Estate
What do you call a Realtor® that has not sold anything for the past six months? "Hey waiter” is my bet! Mammoth has over 200 realtors and about 10 sales a month. Someone is not eating; in fact Realtors® are starving. The number of sold properties is so low that even the most optimistic are feeling blue. It may not be until 2009 before we see any life in the Mammoth real estate market. My calculations show that, this year, alone, at least $15,000,000 in commissions has NOT flowed to the real estate community due to the down turn in sales. That’s $15,000,000 that is not going into the community for dinners out, home improvements, local media advertising, charitable contributions and the multitude of other spending Realtors® and their families traditionally do.
Coincidently, our retailer store-owners are feeling the crunch too. Look at our retail malls that have so many empty spaces. Merchants have packed up and left. Most limped out of town after being bludgeoned by land lords for higher rents and increased assessments for deferred maintenance on their aging buildings. Many were good friends that have been in Mammoth for years. Not any more!
Most years Mammoth would see ... more

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