Oh, the games people play

Posted on October 9, 2005 by Gene

Yeah, California real estate is pretty crazy — to find a comparable (actually, smaller and less nice) place to my home outside DC means paying at least $150,000 more than I sold my house for.
And people here are really pushing the concept of “seller’s market”, listing properties for what would seem to be a fair (albeit still high) price… then demanding much, much more. I took a look at a property that was listed at such and such a price, and someone offered $10,000 over list. The sellers countered with an amount that was $75,000 over list. Suffice it to say that they have not sold that property. Why bother listing it at the lower price? I mean, the difference in what they say and what they do is so enormous that any reasonable person would put it in the same class as a bait and switch scam.
California Dreamin’. It really refers to one’s ability to buy real estate. More on this subject in the future.