My idea stems from the fact that they sometimes ask the right question of the wrong person. i.e. they talk to agents about their opinion of the future of the market, when in fact agents aren’t necessarily qualified to talk about that. They are qualified to talk about how to sell a house in today’s market.
Asking an expert what they have considered in their analysis of the market shows the extent to which they have analyzed the market.
My questions are intended to find the right expert to ask.
If someone says “The trend in the median price is up, so I predict it’ll go higher, they are a moron.” They have considered only the variable in question and don’t understand the cause and effect in the market.
If they say “I have considered the number of ARMS due to reset, Japanese monitary policy and its effects on interest rates, etc, etc.” then they understand the cause and effect of different issues and how they apply to the question at hand.
In my opinion, this is what makes Rich an expert.
He understands cause and effect in the market, not just graphs.
