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Nesgroup address: misc.invest.real-estate - Date & Time for the message: /

Author of the message: "Carol"

Title of the message:
Re: Lauderdale Bloating

Text of the message:
I do not think that the agents set the price.  If you know anything about
real estate, you will know that the sellers always want a higher price than
what the comps show.
"Steve" <tm4525@aol.com> wrote in message
news:1117583330.280927.178200@o13g2000cwo.googlegroups.com...

> There's so much talk about there being a "bubble", but high prices are
> just caused by real estate agents taking advantage of stupid people.
> Downtown Fort Lauderdale is a perfect example (since I've been
> researching it recently). The agents are raising prices even though
> virtually nothing is selling above 800K. The units are mostly owned by
> investors, there's medium demand and way more units than interested
> parties willing to pay. But the agents all own in the buildings, so
> they just hope some sucker overpays so they can justify the prices they
> are asking for (and cash in themselves). D'Angelo reality is asking



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