Wealth Transfer Specialist - Investments are a matter of opinion - Taxes are a matter of fact - Purdue Alum - golf, tennis, soccer - tweets are not advice
Los inversionistas extranjeros solo invertimos donde existe estabilidad, seguridad jurídica y reglas claras. Sin confianza ni respeto a las leyes, no hay inversión, empleo ni crecimiento.
@JmWatson16@marcrandolph Nothing. But eliminating a commission doesn’t automatically eliminate the economic cost to the buyer. If the market clears at $500k, why would the seller take $470k just because there’s no realtor? The seller pockets the difference.
@JmWatson16@marcrandolph The commission is already priced into the transaction. Eliminate the realtor and what makes you think the seller will graciously pass the savings to the buyer instead of pocketing it? You eliminated an intermediary, not necessarily a cost.
Risk management 101—every exposure should have a limit, even when you’re sure nothing could go wrong. After all, the Titanic sank and AAA mortgage bonds went to zero. I worry about the market’s (and the economy’s) unlimited appetite for exposure to the positive AI revenue story.
@awealthofcs@JoeCarlasare The US probably won’t have a debt crisis.
It’ll have a purchasing power crisis.
There’s more than one way to default on debt.