What is career stability and risk like in real estate?
A bit new to the real estate scene and I was wondering what the job stability is like for financial real estate professionals. Is there as much of an "up or out" culture as banking where if have a couple off-years, you're shown the door? If theres no space above you, are you shown the door?
I'm not referring to someone who doesnt want to progress and remain as a middle manager, but rather someone who is ambitious and wants to move up and does his work but not a complete workaholic whos incredibly talented in the industry. (Oddly specific, I know, just bear with me).
Basically all in all, my question is could you have a home life working in RE compared to other careers where you're 100% work centered wothout worrying too much about being laid off?
i wouldn't say real estate is that much crazier than many other asset classes that are discussed on here like commodities etc. people obviously can get laid off in i-banking and other areas. i can't imagine working for a VC fund is the most stable position on earth. HFs blow up.
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