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> All of these pricing signals skew the market and should be banned. Aside from the obvious issues with prior restraint, where do you stop? In real estate, a
by happyopossum 4y ago
> All of these pricing signals skew the market and should be banned.
Aside from the obvious issues with prior restraint, where do you stop? In real estate, a list of comparable sales (comps in RE speak) is commonly used to set an asking price. That list is clearly a pricing signal, would you advocate hiding the sales price of houses?
Ok, now you’ve done that, how does the government assess property taxes? And when they do, are those assessments now secret as well?
You’re going down a really dark and weird road to try to fix a small part of a big problem…
- tonymet 4y agoComps are actual sales of similar but not identical property. Zestimates and Redfin offers are inflated figures with no basis in reality. They are a derivative of a derivative.
- s1artibartfast 4y agoI have lived in a market where list prices were tied to comps. It was always an arbitrary number to get folks in the door.