Not sad...if he is smart he can make it anywhere, and there are so many different fields within real estate is is amazing.Guru, I have a good friend who graduated from MSU this summer. He is now doing work in....construction because he can't find a job in his desired field!
Sad, very sad.
flips that are done right
...you name it. It is unlimited. Whatever his field was, learn everything you can in construction, it will serve him well later.
Google some more on RE related jobs...it is amazing. Then go in business for yourself. Start now, retire early in style. The beauty in RE is that it is LOCAL. You will never be shipped overseas, people have to live here. That is job protection. You can move from neighborhood to neighborhood, city to city, state to state at will. You can specialize in one area for the rest of your life, capitalize on the cost differences between cites, and create enormous income and lifestyle gains for free.
For example, you can buy a few houses, apts here in LA. Ride it up, sell or rent it out and live far cheaper, and FAR BETTER in other locations, like Oregon, Arizona, Texas, Florida, the Atlantic states,...there is no limit. Even live overseas. There are great deals in Spain, Greece now that are incredible.
If you had 3 or 4 houses, a small apt building, etc after a period of time...you could sell one or two, retire to Ausitn Texas, and live like a king. Keep the rest for income.
One house here in LA is say,$750K. After living in it for 20 years, you decide to sell it as it is paid down.(btw, I would not sell it but trade it via a 1031 starker exchange (rules)) and buy 4 nice homes in Austin, a popular destination now, that will look far better than your house here. Live in one, run the other three as rentals. No mortgage payment for you, and three homes bringing you income. No state taxes there either. You are suddenly retired and are off the "Hamster-Wheel-of Hope" as I call it, while all of your friends are blowing there minds at your retiring at 50 when they have 15 years to go. Then when you are there you start a small business, etc.
Your lifestyle just when UP, while their's is going down. That is just one small example.
That is why RE is king.