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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Jim McMannis who wrote (3315)7/10/2002 4:54:51 PM
From: TradeliteRead Replies (1) of 306849
 
Jim....interesting comments.

That banks-as-brokers idea has always seemed silly to me. Doubt any consumer should get sucked in by a bank that wants to sell him the house, sell him the title insurance, sell him the loan, sell him the settlement service--and from there, sell him annuities, life insurance, mutual funds, and every other product under the sun.

Consumers generally like to have choices, and to shop around for all those things separately.

re: discount brokerages. What's wrong with those? Plenty around already and have been for years. Most don't appear real successful, though, and don't seem to attract the best sales staffs or more than a tiny amount of market share.

re: capital gains on sale of a house----Adding this back in would seem inconsistent with the government's goal of promoting affordable home ownership and the need to help older Americans avoid poverty-stricken retirements. But I wouldn't put it past our fearless leaders to propose it.
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