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Most sellers are afraid they will not find a buyer, or not the "best" buyer, if they don't pay the realtor vig.
And realtors definitely will avoid showing a house whose owner does not submit to their power.
More good news! I hope the NAR gets sued out of existence. We would all be much better off without realtors.
The fact that 6% realtor commission rates (or anything close to it) still exist today is one of the great mysteries of the modern age.
This from someone that bought their house FSBO.
Washington lobbying and fear pumping (fear of making a costly transaction error) has somehow kept the real estate cartel thriving
Washington lobbying and fear pumping (fear of making a costly transaction error) has somehow kept the real estate cartel thriving
What about loan officers and mortgage brokers? A software program is all that's needed. Why do they still exist?
GNL says
What about loan officers and mortgage brokers? A software program is all that's needed. Why do they still exist?
As long as there is NAR and banksters, I don't see loan officers and mortgage brokers going away. They all need their pound of flesh and will fight to maintain status quo.
if you don't have the basic skill to see a defect you probably shouldn't own a home in the first place. I don't care how new or perfect your home is, you WILL have an issue if you own it more than 5 years. They'd always scare the female about the house. Or beta men.
There are too many hands in the cookie jar.
Most people, even well off are house poor after you see their tax returns.
WookieMan says
Most people, even well off are house poor after you see their tax returns.
Are people brainwashed, covertly or overly, to relate their home with their status? Homes are built to serve the profit of the builder not the home buyer. I see most people buying more than they need. A house doesn't bring happiness, so what's the point of buying a large house? A large home puts you on the bankster's treadmill.
Got our final plans from the architect and will start a thread soon, maybe today.
I can't rank roles that I hate the most, but inspectors are up there pretty high. They're useless and destroyed deals to justify their service and get another inspection.
Does anyone have a story about housing being a loser?
gabbar says
WookieMan says
Most people, even well off are house poor after you see their tax returns.
Are people brainwashed, covertly or overly, to relate their home with their status? Homes are built to serve the profit of the builder not the home buyer. I see most people buying more than they need. A house doesn't bring happiness, so what's the point of buying a large house? A large home puts you on the bankster's treadmill.
My wife is... lol. We're building but it is pretty modest except for what I'm going to do to it ;) We've lived extremely modest for the past 10 years. We're also moving next door to good friends with a lot that won't be built on so it will feel like having 1.5 acres roughly and we might pick up one more lot. Village sewer and water connections, but still rur...
I've never considered owning a primary home as an investment.
once you factor in inflation and overhead, it's very hard to make money as a normal home owner.
But, you have to live somewhere. I've never considered owning a primary home as an investment.
Is this accurate? Not doubting this hypothesis, just asking.
More good news! I hope the NAR gets sued out of existence. We would all be much better off without realtors.