re: Is there a way to short Realtors?

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Is there a way to short Realtors?
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the onsite agent in a spec house development in the middle of the oil patch....those houses were under contract before the dirt was disturbed. That young woman sold 180+ $350K homes in about 18 months. Thats somewhere in the neighborhood of $1 Million


Onsite agents in spec communities do not make 2-3% per sale. They are usually salaried with bonuses. She probably made closer to $250-300K. And it's a temporary gig, obviously.

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According to both of them she was making 1.5% on each sell. This was in the oil patch during an oil boom. A half mile from this development there was an Apartment Complex being built that had 120 2 and 3 bedrooom units...upscale for apartments. Before the initial grade stakes were in place all of those apartments were leased at $3600 per month. An existing apartment complex with near identical finishes and in the same neighborhood had long term residents who were paying $1200 and $1400 for a similar apartment...and the management of that complex would not sign a new lease for under $3000 a month and only then to existing lease holders. Travel trailer lots with no sewage and out in the middle of the desert with barely a dirt road into the place were renting for $1500-$2000 a month and you could not get one at any cost. The town had 20,000 permanent residents and estimates of 150,000 extra temporary residents in a 50 mile radius. Almost every one of those houses was sold as a cash sale to a production company and were used to house employees. Money was NO object to most people in town.