Tradelit,re:"RE". Seems there is a common practice that, if the house is not
sold in certain days, the agent would suggest to take it off and re-enter
later. While the RE has been hot, this kind of 'cooking the book' to reduce
'days on market' is really fraud. I even see 'sold' sign after 'listing' or 'agent'
changes. Suggesting, the house is sold, but switch the 'listing' or 'agent'
right before that. This creates a 'REAL HOT' market, since homes are
sold '0/1 day on market' and '100% asking price'.
Of course, there are some real-hot-property/area like that, and then there are
those fake ones. Well, anything is a game and you need to be on the
right-side.
AG and friends would find plenty of reasons to keep the home prices rising
with 'NO INFLATION'.
In Houston, I saw the 'Hot-market' came to a 'sudden halt' in Aug,1983.
It was so sudden and it's like falling off a cliff. The demand just STOPPED.
It was really something how thing can STOP just like that.
I know 'THIS TIME IS DIFFERENT" and AG are on the RealEstates' side.
Nonetheless, stay away from the 'bubble-areas'. History always repeat
itself. Unless you can stomach 10+years of grinding, (actually you feel
real-estate crashed only during the last couple of years of the long fall). |
