2 ms·
Just throwing my two cents in here from the Bay Area and in a similar market. The things that are wrong with real estate aren't headline producing or interestin
by kodah 5y ago
Just throwing my two cents in here from the Bay Area and in a similar market. The things that are wrong with real estate aren't headline producing or interesting.
- Blind bids sound completely unethical. Why are real estate agents enabling this? Are they not bound to a code of ethics?
- Allowing buyers to offer cash on top of the value of a home should be illegal. You should be allowed to sell your home for what it appraises for, no more. Again, why are real estate agents enabling this behavior?
- Requiring buyers to submit letters, photos, and videos in order to buy a home is insane. They did away with this in California, but is it gone everywhere else? Another question of real estate agent ethics.
- Stop allowing companies to acquire residential real estate. This just, doesn't even make sense.
Patch these things up and you'll have major progress in freeing up a lot of real estate transactions and overvaluations.