I read a blog this morning about a writer commenting that good mortgage people were leaving the business. I too have noticed that for the last two years. Some of the good guys that made over six figures left the business because the amount of business and the size of the loans have dropped off. Add to the lower refinance business it makes it tougher for any loan officer.
But that is the way of the world. Businesses change, people are no longer needed for the profession. Lets look back through this century on jobs that have disappeared.
- street car drivers
- buggy makers disappeared after the invention of the automobile
- milkman and coal delivery men went by the wayside
- typewriter salesmen and repairmen are gone now because of the computer. Remember word processors
- Photo retouchers was an industry that employed many before computers and photoshop, adobe, and other computer programs
Yes it is the way of the world. Change is inevitable. I worked in the sub-prime business as a wholesale account executive for Chase Manhattan Bank. I remember whole floors of underwriters and support staff for the different sub-prime companies. I remember the extravagant parties they threw for loan officers at the conventions. I knew quite a few people that made over $200,000.
Now those offices are empty and quiet. The people have moved on to different career. Many of the jobs no longer exist. Many of the people that made $200,000 a year will never see that kind of money again. Some are making $35,000 a year now. Many of those people have lost their homes because of the changes.
Change is unevitable. Change is going to upset our lives if we live long enough.
My thought of the day is:
Life is like a roller coaster. We all do good when times are good. But the true measure of a person is how they handle life when times are tough. How will you react when life gets tough? Are you able to pick up what's left and adapt to the change? Or are you going to just complain how bad life is?
It's your choice on what road to take. Will you stay a buggy maker? Neither road is easy or smooth. But one does lead to better times!
Just my thoughts
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My Month of December quote:
~ Mark Twain”
Russ Ravary
"helping make your move easier"
your local Metro Detroit Realtor helping clients like you sell and buy homes through out the entire Metro Detroit suburbs. I love showing and selling Oakland County and Livingston County Lake front homes too.
In our market here in Denver, they are moving around ALOT! I know one lender that has changed companies four times in two years. If we did that, we probably would be out of business, with the expenses of new signs, etc.
Russ..good points. It is all about change and adapting. But let's hope some of the good mortgage people stick around. It makes our lives a lot easier!!
Russ - Great reminder to be flexible and sensitive to change. I'm reminded of the story of the Swiss watch makers who scoffed at the idea of digital watches. Five years later 50,000 of them were out of work.
Russ change is inevitable and those who don't adapt get lost in the shuffle. Change is not only inevitable, but we should learn to accept it and respond accordingly (meaning shifting our plans and goals). We don't have to lie down and take it if we dont' like the change. On the contrary, we can also be agents of change.
You are so right Russ. As a former Biology teacher, one of the first lessons I taught was what made something a living thing? One of those indicators is that a living thing must be changing. If it does not change it will die. Perhaps you have inspired me to write a post on this if my Biology analogy won't bore people to death and bring up ill feelings toward their high school Biology class! :)
You're right- life IS change. I'm a former Biology teacher too, so Paula wouldn't bore me. It's attitude that makes the difference, whether you see change as good (at least potentially) or bad.
Russ, great post. Life is all about change and it is so hard on those who are unable to realize that. Thanks for suggesting the we thank those around us who have made a difference along the way. Oh and I enjoyed biology, fun class. ---Gloria