Prediction In Real Estate Markets

 With the National Association of Realtors market lawsuit now finalized I have an assessment for the future. 

Decoupling the buyer and seller commissions will lead to a 90% destruction in costs in the intermediate future. 

Right now it was ~6% of a price of a house split between buyer and seller agents. What a joke. 

Someone smart is going to come in and drive this price down to rock bottom and drive competition out of the market.  There will be plenty of people out there willing to lose in the short term to dominate the market in the long term. 

If you are a realtor or broker and running a lean operation you will be out soon.  I don't think the realtors that have been in the market for a long time make it out of this. It will be too hard to adapt. They are too acclimated to their overhead and profit margins.  

This is a world most of us have had to live in for a long time. Becoming efficient and keeping costs in check. 

I wouldn't be invested in a realty or broker right now. 

Exciting times!

Easily Slighted (Comedy Bit)

 If I ever do standup I need to have a log of bits to pull from. 

I have a personality that is easily slighted and angered. I imagine most of us do but most people think that 'yeah, if you get rear ended in a car accident with the other driver looking at his phone' yeah that pisses me off. Or if your only daughter is traveling Europe with her friend and while she is talking to you on the phone a international gang breaks into her room, kidnaps her friends while your daughter is hiding under the bed but ultimately she is taken to be sold off to some middle eastern prince in shady dealings - that type of thing would make me fly off the handle. 

I want to burn it down if someone bumps into me walking down the hallway. 

I am willing to ruin my life to take someone down a peg if they don't shake my hand when they should have. 

Probably something I got to work on.