The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Elroy Jetson who wrote (33045)	5/23/2005 9:13:33 PM
From: Broken_Clock	Read Replies (1) of 110194

Elroy, It's one of the symptoms of a top in a real estate cycle. Seller's are "feeling" the greed big time. They don't believe they need professional help in selling their property. The thought of shelling out 6% or even $4,999 to get a broker to help them seems foolish. It's kind of like P/E's in the stock market. Buy cyclicals when out of favor and P/E's are at the extreme. Use a full service broker to help you find a "deal". Same-o, folks will gladly pay a broker to sell their property when the market's in the tank and prices are down. People believe brokers are for the most part useless...truthfully, a lot of them are. Being a broker for 20 years i can safely say that. -g-

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