J
johnblake
Guest
Take a look at this:
http://www.efficientfrontier.com/ef/704/Pigs.htm
I think that one of the reasons why real estate transaction costs are so high is that consumers haven't fought back.
The real estate businesses are relatively small and easy organized, the consumer interests are not.
For example, although transactions are a matter of the public record, it's not easy to find the information. It's not updated frequently, sometimes isn't updated at all, and not always available online in a suitable form. Just the way the real estate industry wants it.
http://www.efficientfrontier.com/ef/704/Pigs.htm
I think that one of the reasons why real estate transaction costs are so high is that consumers haven't fought back.
The real estate businesses are relatively small and easy organized, the consumer interests are not.
For example, although transactions are a matter of the public record, it's not easy to find the information. It's not updated frequently, sometimes isn't updated at all, and not always available online in a suitable form. Just the way the real estate industry wants it.