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I’m not gonna shed any tears on that, but this is peripheral to the root issue and why that commission is out of control.
Solve why homes cost a ransom in this first place, and that 6% commission should drop proportionally.
Yeah it all comes down to a shortage of homes. The bubble popped around 2008 and construction of new homes stopped. Ever since then we haven't been building enough homes, so there is a shortage driving up prices. Until we make more places to live, home prices will be outrageous.
Or, ya know, regulate rampant price fixing.
Who is fixing the prices of homes? I would expect it to basically be a bunch of individual sellers setting it at what the market would allow.
Yeah, no it’s an entire industry.
https://finance.yahoo.com/news/yardi-rent-setting-software-illegally-223000337.html
That's about someone alleging collusion among some massive rental owners in Seattle. . .and it's being offered up as proof that there is some collusion among individual home owners in selling homes across the country.
Well okay then.