Reply to Why do expert say: Buckle in for a brutal free-fall in home prices

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Reply to "Why do expert say: Buckle in for a brutal free-fall in home prices - Housing Bubble"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][twitter]https://twitter.com/newslambert/status/1620425745326809099?s=46&t=uMRlePppKdgftZr-I5habA[/twitter]
[twitter]https://twitter.com/newslambert/status/1620427921524662272?s=46&t=j_jgJoAhRnu8q-a6pDE4SA[/twitter][/quote]

Or, basically, what all the reasonable people have been posting for the past year

- No crash
- Price plateau or mild/soft correction
- Return of contingencies to contracts 
- Those that bought at peak will still likely not be underwater assuming they had a DP of greater than 5%

Really, not that bad when you think about it[/quote]

Buying a house in USA means youre down 10% right away.

6% to realtor commissions buyside, sellside
1-2% to stupid title companies to “prove no one else has a claim on the land (since the last check and transaction we did or missed) 
1-2% to local government

Most countries only pay a realtor listing agent 1% max.

Realtor lobby is the largest lobby in the country. But their model will break down in extended flat markets [/quote]

I mean, you are correct that that are commissions and fees, but does anyone pay more than 5% anymore?  I know many who did less[/quote]

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