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that is easily true. You buy a house for $500k. A year later, you decide to move. The house's value remains at $500k. Realtor commissions of 6% cost you $30k. Y
by abfan1127 2y ago
that is easily true. You buy a house for $500k. A year later, you decide to move. The house's value remains at $500k. Realtor commissions of 6% cost you $30k. You lost $30k on the total transaction, the realtor made $30k (not including the original buy).
- ceejayoz 2y agoSurely the realtor shouldn't work for $0 just because your investment didn't pan out, though?
- danShumway 2y agoOnly on HN would I see someone argue that depreciating or stagnant assets are the same thing as a 30% transaction fee. This community is smart enough to be able to tell the difference between a tax on revenue and a tax on profit. Apple is imposing a tax on revenue that is higher than the revenue that Patreon pulls in from each transaction fee. There is no equivalent situation in a realtor market. In no world would a realtor sell your house for $500k and then tell you that they deserve a higher cut of the revenue than you do.