171–180 of 550 posts
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Realtors don’t own the houses.
Not usually. But homeowners don't usually set the price themselves. Yes, yes, yes, yes, yes, technically they can. But a _realtor_ is in their ear telling them MORE MORE MORE.
The problem is absolutley that housing is too expensive, which of course a bunch of realtors are not going to point out. Increasing wages will not fix the housing crisis, and will just drive prices higher. How convenient for a bunch of realtors...
In my neck of the woods (New England), home prices have doubled since March of 2020. I have yet to read a comprehensive overview of how this happened and how we get out of it. Of course, people went nuts offering over the asking price when interest rates were super low so I understand, to some degree, that baselines were reset. But the current housing market doesn't feel sustainable. I don't understand how a proper m…
We get out of it by building more, read Abundance by Ezra Klein and Derek Thompson.
Its extremely simple.
In most European countries this 30% rule has never worked. It's always been a completely out of touch rule, and, especially for single people, rent has always easily been 50% of their net income in major European cities.
The problem is absolutley that housing is too expensive, which of course a bunch of realtors are not going to point out. Increasing wages will not fix the housing crisis, and will just drive prices higher. How convenient for a bunch of realtors...
In my neck of the woods (New England), home prices have doubled since March of 2020. I have yet to read a comprehensive overview of how this happened and how we get out of it. Of course, people went nuts offering over the asking price when interest rates were super low so I understand, to some degree, that baselines were reset. But the current housing market doesn't feel sustainable. I don't understand how a proper m…
Earlier quoted context omitted.
What do you mean? Trillions move through the stock market every day from pensions, mutual funds, foreign governments, 401ks. And professional trading. I’m sure many immigrants had money on the IPO as well?
The law, in its majestic equality, forbids rich and poor alike to sleep under bridges, to beg in the streets, and to steal their bread.
Earlier quoted context omitted.
Not usually. But homeowners don't usually set the price themselves. Yes, yes, yes, yes, yes, technically they can. But a _realtor_ is in their ear telling them MORE MORE MORE.
of course they are. what else could they possibly do? pressure you into selling for a little less? get sued for not getting the seller the best price? also, they don’t get paid if something doesn’t sell for being overpriced. it’s a market system.
Are they legally required to do that? How would you even prove it was due to them?
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have you met a realtor? They can be some great people but as a profession they are known more for their extroversion and soft skills than their high IQ understanding of economics lol
It also depends on how hot the housing market is at any given time. Often time a realtor is just someone who decided everything else was too much work. (My whole family has been in the business for almost 70 years, both commercial and residential.)
On the buying side, they do more such as drive prospective buyers around to look at houses, though it's been long enough since I bought a house that I don't know how much virtual tours have replaced this. Either way, it's not what I'd call difficult work.
Landlords are the least productive class in society, and it's not even close in terms of ranking.
The market rate and supply and demand are going to determine the price of housing whether or not you have landlords. Remove landlords from existence and the alternative is to make everyone buy homes. I guess that would drive housing prices down a little because so much of the population would be living with their parents until they save up enough for a down payment, which might not occur in their lifetime. So demand…
you mentioned supply and demand, if everyone is struggling to buy houses, downpayments wouldn't just go down a little.
in the end, everyone needs housing, every single house would be occupied just as now, but instead of having renters being squeezed by supply and demand you would have owners.
how is that a worse scenario?
let developers have rent, they are the risk takers, they deserve it.
The problem is absolutley that housing is too expensive, which of course a bunch of realtors are not going to point out. Increasing wages will not fix the housing crisis, and will just drive prices higher. How convenient for a bunch of realtors...
I feel like I get very little value out of what seems to be a mostly fixed/required price.
I know flat fee realtors exist, and if/when we sell our home, I’ll be looking into this heavily.
But I feel like they rank up there with car salespeople/dealers.