The U.S. Housing Boom Is Coming to an End, Starting in Dallas

Doesn't surprise me, younger millenials won't have a home to sell and will thus have a hard time affording a home in an inflated market. Compounded with the fact that median wages haven't increased that much the last 30 years. Prices have to fall for that group to afford a home.

Re: The U.S. Housing Boom Is Coming to an End, Starting in Dallas

#6

Post by howlingfantods » Tue, Nov 27, 2018, 4:27 AM UTC

"Some home builders are so desperate to attract interest they are offering agents the chance to win Louis Vuitton handbags or Super Bowl tickets with round-trip airfare, if their clients buy a home."

That seems like a serious conflict of interests.

Re: The U.S. Housing Boom Is Coming to an End, Starting in Dallas

#7

Post by thinkingkong » Tue, Nov 27, 2018, 4:30 AM UTC

howlingfantods wrote: post #6

"Some home builders are so desperate to attract interest they are offering agents the chance to win Louis Vuitton handbags or Super Bowl tickets with round-trip airfare, if their clients buy a home." That seems like a serious conflict of interests.

Its not a conflict but its sort of weird. Sellers pay the commissions.

Re: The U.S. Housing Boom Is Coming to an End, Starting in Dallas

#8

Post by dnadler » Tue, Nov 27, 2018, 4:30 AM UTC

howlingfantods wrote: post #6

"Some home builders are so desperate to attract interest they are offering agents the chance to win Louis Vuitton handbags or Super Bowl tickets with round-trip airfare, if their clients buy a home." That seems like a serious conflict of interests.

It is, but incentives for the buyer's agent are already messed up. They want to close the deal, they don't really care about the price because the bump in their commission for a few extra thousand is nothing compared to the risk of not closing. Buyers will talk up their clients and seller will talk theirs down.

Re: The U.S. Housing Boom Is Coming to an End, Starting in Dallas

#9

Post by briandear » Tue, Nov 27, 2018, 4:32 AM UTC

neonate wrote: post #3

https://outline.com/ZCPPvZ

Why does HN allow intentional bypass of paywalls? It’s no different than providing links to pirated software. On the one hand, we complain about aggressive advertising while simultaneously doing everything possible to ensure publications don’t earn any money.

Re: The U.S. Housing Boom Is Coming to an End, Starting in Dallas

#10

Post by dvtrn » Tue, Nov 27, 2018, 4:32 AM UTC

howlingfantods wrote: post #6

"Some home builders are so desperate to attract interest they are offering agents the chance to win Louis Vuitton handbags or Super Bowl tickets with round-trip airfare, if their clients buy a home." That seems like a serious conflict of interests.

If you'll humor the anecdote for what it is: I worked as a consultant business partner to real estate agencies and property management groups for a few years out of college (friend and I started a handyman company, grew it, sold it, became consultants), the phrase 'serious conflicts of interests' could unironically be adopted, publicly as an industry wide motto for the real estate profession and I don't think a soul would blink.