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Question
Commercial real estate in New York City?
Can I have a very secure life (fiscally) being a commercial real estate broker in New York City? Currently: - Studying finance at University of South Florida - Working on a Sales Associate License
4 months ago - 1 answers
Best Answer
Chosen by Asker
That's kind of a hard question to answer. If you are a SUCCESSFUL broker, then yes of course. There is great potential to make money, especially in a high value area like NYC. There is also a lot of competition. However, real estate is cyclical. If people are not buying/ selling real estate you cannot make money as a broker. If by secure you mean a consistently high incomes, maybe not so much. You might have years that are great followed but some that aren't. A close friend of mine is in the business (not in NYC) and this is a hard time for the industry in many areas due to the lending situation and falling property values. It would seem that it's only a matter of time before things pick up though.
by Ricky Bobby
4 months ago
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