4 ms·
vague tangent: there was progress in late 2023 re: reducing US housing transaction costs, with a jury finding in favor of a big class action lawsuit about the
by shoo 3y ago
vague tangent: there was progress in late 2023 re: reducing US housing transaction costs, with a jury finding in favor of a big class action lawsuit about the non-competitive way buyers & sellers agent fees are structured (much higher than in other countries). So that's arguably one step forward & signs of progress, although it doesn't help anyone renting in NY.
there was a pretty good discussion of this in the odd lots podcast, see https://www.bloomberg.com/news/audio/2023-11-28/odd-lots-lawsuit-could-change-how-realtors-get-paid-podcast https://www.bloomberg.com/news/audio/2023-11-28/odd-lots-law...