It’s still happening. The house across the street from where we are renting was just listed for $525,000 when the one right next to it didn’t even sell for $460,000 a year ago and was plain taken off the market. This particular realtor will lower a house price by $100 and run big ads that say “Price Reduced”. What a scam.
Another house in our area is getting listed for $60,000 more than comparable sales in the area because the realtor is going to try and “push” the neighborhood just because it doesn’t have any telephone lines above ground (this is what we were told by our “friend” who is a realtor, her co-worker is listing this dump). San Diego Realtors are nothing more than legalized thieves and con artists. Where the hell do they come up with these numbers these days? Are they ignorant? How do they substantiate it when reports show San Diego homeprices are as muchg as 67% overvalued, from CNNMoney:
