As you might expect, unemployment is highest among the lowest earners. What might be surprising is how low the level of unemployment is at the upper income levels.
As Jonathan observes in his post, it is easy to think of measures like the unemployment rate as a single measure, an "across the board phenomenon." As usual though, things tend to get more interesting and useful when you drill-down to the details.
We hear the overall unemployment number tossed around all the time in the media. There are so many ways that one can slice and dice it, but as a luxury agent income is a useful measure and it is probably interesting to know that unemployment is so low at the upper income levels.
Also, with talks of impending levels of high inflation and an increase in the capitol gains tax we could see quite a surge in real estate investment from wealthy investors. This could range from your typical income producing properties to a luxury home or second home. We also anticipate a jump in commercial property and raw land.
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