Real Estate Investing, Labor Day, and Days Ahead
No comments yetAs the national celebrates Labor Day, one cannot help but think what else awaits us in the coming years. We are, after all, marking this year’s Labor Day with a stinging 9.6% unemployment rate. While some of us who are in real estate investing may fare better than others, I can’t help but think about those who are unemployed.
Being jobless leads to lack of self-esteem, which could lead depression, and you get the point. And if Labor Day news is any indication, the country might be under this condition for a few more years. As warning, this isn’t directly real estate investing news, but is related nonetheless.
Citing experts, a report said that once the economy begins giving birth to jobs, these jobs will mostly benefit two types of workers: highly skilled professionals and low-skilled workers. As for those who are in between, they would to choose between a low-paying job or no job at all.
“Our occupational structure is really becoming bifurcated. We’re becoming more of a divided nation by the work we do,” one expert said. I have a simple, but really honest suggestion for those in the middle. Try investing in real estate, specifically shorter forms of real estate investing like rehabbing or wholesaling. I mean I’ve always believed that I should get what I deserve, not what is given to me. That is why I’ve always tried to find other ways of making money in legit ways other than sitting in a cubicle all that. Then again, that’s just my two cents. Happy Labor Day to everyone!
