What are the growth aspects in the Real Estate industry?
Asking for a friend-
1) What are the best ways to prepare for the Real Estate Modeling exam?
2) How is the career growth like?
I told her that this will be the first industry to go down, if a recession were to hit. Thoughts on this?
Can't help you on the first two questions as I'm not in the industry (yet), but in terms of your last point: I personally think this is a little overblown.
Due to 2008, people assume that all finance (and real estate) guys are out on the streets during every recession. That recession was definitely not a typical recession based on my conversations with those within the industry. I personally think that downturns are great opportunities for mergers, acquisitions, restructuring, and etc., which is actually great for people in both finance and real estate.
Thanks!
Sure you are
Practice modeling
This is not a grammatically correct sentence, nor is it a sentence anywhere near specific enough to answer.
No.
I suspect that regardless of industry, you'll be the first person to go down if a recession were to hit. Generally speaking, employers aren't enamored with folks who don't seem to be able to string two thoughts together.
The growth aspect is the opportunity to learn how to develop/acquire real estate in order to start building wealth. Real estate allows for massive wealth building with cheap non-recourse leverage. Certain asset classes, like apartments, strip centers, self storage, and distribution warehousescannot be disrupted as a physical location is required and the service is always in demand.
First industry to go down will be all the unicorn tech companies that cannot and will not ever create a dollar of cash flow. The hedge fund industry will get crushed and yes, so will real estate development and the subordinated loan space. That said, there are few assets with predictable cash flows that provide an outstanding inflation hedge and have tangible value like real estate, so capital will keep seeking investment into the space.
What would make you say RE is the first industry to "go down?"
Why RE over a asset/market with much quicker price corrections, lets say the public equity markets for example?
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