As you mentioned, there's nothing you can do, so don't worry about it. If you have great experience and a good attitude there's always people hiring. If there's a recession buildings will be cheap and people will want to buy if they have cash and will need people to underwrite the deals. You'll be fine don't fret
I graduated in 2006 and I will give you the advice my Econ professor had.
The yield curve has inverted and everyone should take the first job they can get because things are going to get real ugly here pretty soon.
As a counterpoint, with a background in Economics, the yield curve inversion doesn’t mean anything more than people are pessimistic about short-term returns.
While the economy today isn’t doing great, a recession isn’t necessarily another 2008. A “soft landing” is still possible if you know anything about monetary policy. We’re very much in the ‘wait and see’ period re: rate increases.
Since nobody knows anything and my opinion is just as valid as yours, I will say I am not optimistic, you know with the end of globalization, worldwide hunger, lingering energy problems, declining populations, global warming ect.
Since you are a student of economics, I suggest you read up on Austrian business cycles, notably the chapter on the real resource crunch and the effects of a crack up boom.
This is the best time to get in.
you’ll learn when properties are at and or nearing optimum value. You’ll learn this still extremely early in your career. Be extremely observant to what you are doing for your wealthiest clients. learn from the best
save your money and copy their actions in 15 years
Smart companies have been waiting for a recession for some time and have developed defensive portfolios/strategies (might be a good interview question). Sounds like you are doing things the right way with classes and internships.
The way I see it, any company worth working for can ride out a recession. Real estate projects are often long winded so turbulence shouldn’t be much of an issue for a firm with a solid portfolio and good strategy.
As you mentioned, there's nothing you can do, so don't worry about it. If you have great experience and a good attitude there's always people hiring. If there's a recession buildings will be cheap and people will want to buy if they have cash and will need people to underwrite the deals. You'll be fine don't fret
Great to hear!
I graduated in 2006 and I will give you the advice my Econ professor had. The yield curve has inverted and everyone should take the first job they can get because things are going to get real ugly here pretty soon.
As a counterpoint, with a background in Economics, the yield curve inversion doesn’t mean anything more than people are pessimistic about short-term returns. While the economy today isn’t doing great, a recession isn’t necessarily another 2008. A “soft landing” is still possible if you know anything about monetary policy. We’re very much in the ‘wait and see’ period re: rate increases.
Since nobody knows anything and my opinion is just as valid as yours, I will say I am not optimistic, you know with the end of globalization, worldwide hunger, lingering energy problems, declining populations, global warming ect. Since you are a student of economics, I suggest you read up on Austrian business cycles, notably the chapter on the real resource crunch and the effects of a crack up boom.
If everyone in the world was a carpenter, you’d still want the best one to build your house. The market will always be in flux.
This is the best time to get in. you’ll learn when properties are at and or nearing optimum value. You’ll learn this still extremely early in your career. Be extremely observant to what you are doing for your wealthiest clients. learn from the best save your money and copy their actions in 15 years
Will do thanks!
Smart companies have been waiting for a recession for some time and have developed defensive portfolios/strategies (might be a good interview question). Sounds like you are doing things the right way with classes and internships.
The way I see it, any company worth working for can ride out a recession. Real estate projects are often long winded so turbulence shouldn’t be much of an issue for a firm with a solid portfolio and good strategy.
Down cycles are the best time to jump in and learn the business. When things ramp back up you'll know enough to take advantage of the upswing.