Re:Canada to ban foreigners from buying homes
by ethbr0 on Thursday April 07, 2022 @03:00PM
(#30948904)
> or integrate with the existing players and add some value
Since 1973. https://en.m.wikipedia.org/wiki/RE/MAX
Re:Canada to ban foreigners from buying homes
by boplicity on Friday April 08, 2022 @09:07AM
(#30956351)
> Real Estate isn't a regulatory trap; it's an information trap.
No -- you're confusing real estate sales with real estate. Real estate is one of the most highly regulated industries out there. You literally can't make any significant changes to most properties without a significant permitting process that goes through many layers of regulations. Not to mention the many real estate developments that are never even a possibility because of regulation. I'm not against regulation -- it can be a very good thing -- but it is clearly at the core of the real estate problem. Society has decided, via regulations, to starve the supply of housing.
Real Estate isn't a regulatory trap; it's an information trap. You can buy and sell property direct. All of the legal stuff is (nominally) done by attorneys. But the association of realtors controls the listing service and makes discovery easy.
Like all salespeople, realtors add "value". When you've been in 2,000 houses, you pick up insights that are useful and learn about neighborhoods. The information is used for both good and bad purposes.
Most of the disruptors do stupid shit with stupid investor money or integrate with the existing players and add some value.