Why Real Estate prices are so high.

My my my....you have been busy today....Ive been fishing...had a surf....enjoyed my life....
Have you got a life....doesnt sound like it......never mind....Allah loves you......

 

Come on kiddies (in a perv voice), the system is not your enemy. Learn the rules, use the rules, use the system because if you don't you are your worst enemy. If you want to pretend your entitled beyond the law, then carry on crying about the outcome. I'm just trying to help

 

still doesn't get what people are saying.

 

I just don't think he gets it. He could probably read through comments a thousand times and not get it....actually I'm certain of it. I've never heard of an issue like yours but certainly highlights an issue in the system that requires plugging. I'm a landlord in a high demand area and luckily have never had to leave house vacated for long periods of time. I actually use an agent and just happy to have good tenants look after my property. I always price my house well under market value for rentals. I think the rental costs are rediculous as it is, so if they're proven to be great tenants they're extremely valuable people. Whenever the agent throws a list of applicants, I'm never enticed by how much money they earn or what job they have. I'm into helping people who need it more but want a nice house and neighbourhood to accomodate themselves kids or a pet. Greedy capitalism makes me sick, to the point of squabbling and squeezing out a few more dollars. At the end of the day, I live comfortably but I'm one who swears by karma!

 

Just read this thread. So much crap in here. More personal attacks than good information. Please learn about a topic before voicing your opinion. How do you know you have learnt about a topic? Your opinion about it has changed.

A buyer can look at many houses both on the internet and in person and form their own opinion on what a property is worth. If an agent tries to do the hard sell and tries to persuade the buyer to substantially increase their offer then the response should be no and if needed walk out and find another property. Of course there are many people who will pay more than what they should for anything, including housing. They have nobody but themselves to blame for that.

 

Sounds like youre an expert....
The thread from my point of view is about real estate agents and their lack of integrity...simple as that...
Its not about the "hard sell" as you pathetically put it.....
If you have been on both sides of the fence as a professional then youd know about the lack
of integrity...wouldnt you...or would you......

 

Either has bought a house. Sometimes it's hard to gauge a price on a house despite looking and comparing. When I was younger, one particular agent on a house I was interested in gave me a price for a particular house and swore black and blue there was further interest in it. I offered a little lower than asking price but agent said there was too much interest to let it go lower than the asking price. I thought, okay they sound honest but then the agent happily moved forward with excitement and nagged me about arranging the sign up etc. I was literally ready to sign on dotted line and hand over a substantial amount of money as a deposit, but reneged after thinking about the pressure to move forward quickly. I guess I smelt a rat. I wanted to trust someone, which is a natural human instinct, especially a beautifully presented young female agent. I walked out questioning my decision and my wife supporting me, obviously before the emergence of the internet I might add. Low and behold unbeknownst to me my friend was looking at the house and secured the deal for 40k less than my offer. Hand on my heart. I was told there was way too much interest for them to accept my offer, which was 20 k under asking price. I moved onto the next house. Made an offer only for the agent to come back and say, "there is another person who is interested, another 10k should secure the deal. Young and innocent, I agreed. The agent comes back again and says the other party have offered another 10k. I decide to withdraw. The agent comes back to me and says that the other party have withdrawn their offer, it is yours at the price of your last offer.....hey, no guessing what I told him what to do with it! It's f...ing wrong!

I guess I'm rambling...haha!

https://m.youtube.com/watch?v=QHtDJ7GnjQY

 

LOL. I suppose from your point of view I may be an expert. I have been to many auctions over many years. Can you claim any knowledge on the subject?

 

Mate...Ive been buying and selling houses since 1972...
Ive been to dozens of auctions, and Ive conducted auctions ...
I know how the system works down to crossing the t's and dotting the i's.
I know more about real estate than you could poke a stick at...
and I havent met an agent yet that wasnt a schmuck....

 

Why don't you pull the other leg? That one has got bells on it.

Hint: Your standard of English is even worse than mine.

 

OK thanks for that...

 

I think the problem is punters think they are sales people, but they are really 'negotiators' hired by the seller - so complaining about negotiation is like admitting being clueless about what is happening, or just having a fat whinge.

 

Yes we know you love the dog eat dog world of capitalism, but personally I prefer a more civilised approach.

 

Reality. Get real about it.

Civility is a luxury which can only exist in simple systems, and when dealing with hundreds of thousands of dollars and competing parties - its not simple. I've known people to lose over half a million dollars in a single property deal, do you think they were happy about that? Can you imagine the pressures of negotiating with peoples lifes savings, can you imagine being civilized when the bank is holding a knife to your throat and someone is offering to do it with a butterknife instead. The mind boggles at the selfish ignorance of youth, but its even more concerning when they get so self righteous that they cannot even see when people are trying to help them, because they are so deluded about their sense of entitlement that if anyone disagrees with them then they have to attack them.... hilarious.

The system is not out to get you, the system exists for you to get the most out of it. It's just many people are too lazy to bother and so instead prefer to whinge about it. Kids most often have to suffer this phase, because there is a window of time when they have to learn by trial and error. Not many families teach their kids the important stuff about the real world, because not many adults have half a clue. Mine didn't, and I don't know any that did. Get off your arses and learn how it works. That is all that is required.

 

Oh so it's not the systems fault it's the people,well my dear friend, the system doesn't give a hoot about the people which is why the people don't give a hoot about the system or the people who use it.

 

Haha, yea right - hows that working for you!? Meanwhile in reality, the 'system' is designed to promote business activity so people can be successful and so the nation can grow, improve and be secure. It is the people's problem if they choose to not participate or not bother to understand the system enough to participate effectively. You gotta stop expecting things to be done for you. As I said, the system exists to be used, that is the whole damn point of it!!! If you don't use it, then your going to feel like its using you simply because your not involved enough or appropriately. It's easy to blame someone else isn't it, just like its easy to not bother participating effectively - lol, that stereotypical 'left' attitude is hilarious in its arrogance and petulance.