I don't know about commercial real estate, but I can see a trend of urban and close-in suburban residential building (houses) being either replaced with bigger houses or renovated to up the quality. For this kind of job, one could argue that you don't really need an architect, just a builder with good design capabilities. So, if its houses you want to build, maybe the $200,000K + tuition for a BArch would be better spent taking carpentry and construction management at a community college and then spending the balance to start a small design/build firm. Hone your design skills at your customers' expense

, dabble in real estate on the side, and over time make lots of money doing a variety of work. Of course, you'll miss getting written up in high falutin' journals of architectural theory and criticism...