Real Estate: An Industry that Needs to Succeed
Many times the real estate industry gets blamed for a towns’ problems. Even recently in our local newspaper, I read that Realtors were “greedy” for supporting property rights of land owners to subdivide their property more than 5 times every three years. Mind you, this is after the real estate market collapse, after the stock market collapse and during the current employment collapse. One would think that real estate may actually look like a safer investment than the stock market in these times. But if a Realtor were to claim such a statement, we’d be labeled as ‘crazy’ or ‘greedy’. So, instead of pointing out how real estate tends to bounce up after stock markets collapse (remember the dot com bust?), I’ll just point out some basic contributions the real estate industry makes to a local economy. You can decide if it’s good enough for your town or not.
Real Estate Feeds Local Economies and Local Families
So many companies and individuals are feeding their families from Realtors’ entrepreneurial efforts
(I hope everyone realizes 95% of all Realtors are self-employed entrepreneurs). Here is a list of local businesses that feed their families by the efforts of the real estate industry:
– Contractors of all trades
– Appraisers
– Mortgage brokers and lenders
– Real estate brokers & agents (we have families too)
– Title companies
– Attorneys
– Inspectors
– Pest control
– Home Warranty Companies
– Appliance retailers
– Home improvement supply stores
– Gardening supply stores
In fact, it’s hard to think of a local business that doesn’t benefit from real estate growth.
– Restaurants (more people to dine & drink)
– Retail Stores (more shoppers = more sales tax too)
– City employees (permits, licenses, sales tax, etc…)
– County employees (fees, property taxes, etc…)
Be Proud to be a Realtor
Take pride in being a Realtor and be quick to remind people that you work hard to feed your family and in turn you help feed a local economy with opportunities to do the same.
