The Internet may not have had the impact we all thought it would on housing

[sdrealtor]

I disagree that the market is not more efficient now. It is far more efficient. Before the Internet, there were MLS listing books that came out once a week/month. They were outdated before they were published. The genie is out of the bottle for sure but is it having the impact we all hypothesized it would? I am questioning that now. I am not questioning that we can do more research, better educater ourselves or that we arent more productive. What I’m questioning is whether the Internet has shifted the demand curve by making the information more widely available to everyone. By everyone I mean not just the “new class of better educated consumers” like you but by all the nit wits also.

As a buyer you bought what you could find which wasnt much. Now a buyer in Kasakhastan can instantly see a new listing in San Diego. I do agree we are better educated now but not that necessarily will decease prices. Consider the possibility that things may have been undervalued because the market was not adequately aware of the supply. I’m not sayin this is so but rather inviting people to open their minds to this possibility for a discussion to see where it takes us.

[LarryTheRenter]

i have been looking for a house for the past 6 months and I have known every new listing and re-listing at the same time as my realtor has (or before) just by using sdlookup.com. Not sure what that means but just wanted to add that….

[LarryTheRenter]

i have been looking for a house for the past 6 months and I have known every new listing and re-listing at the same time as my realtor has (or before) just by using sdlookup.com. Not sure what that means but just wanted to add that….

[LarryTheRenter]

i have been looking for a house for the past 6 months and I have known every new listing and re-listing at the same time as my realtor has (or before) just by using sdlookup.com. Not sure what that means but just wanted to add that….

[LarryTheRenter]

i have been looking for a house for the past 6 months and I have known every new listing and re-listing at the same time as my realtor has (or before) just by using sdlookup.com. Not sure what that means but just wanted to add that….

[LarryTheRenter]

i have been looking for a house for the past 6 months and I have known every new listing and re-listing at the same time as my realtor has (or before) just by using sdlookup.com. Not sure what that means but just wanted to add that….

[sdrealtor]

My point exactly. 10 years ago you were waiting for the call. Now you make the call.

[sdrealtor]

My point exactly. 10 years ago you were waiting for the call. Now you make the call.

[sdrealtor]

My point exactly. 10 years ago you were waiting for the call. Now you make the call.

[sdrealtor]

My point exactly. 10 years ago you were waiting for the call. Now you make the call.

[sdrealtor]

My point exactly. 10 years ago you were waiting for the call. Now you make the call.

[briansd1]

I think that there are more issues to take into account.

– We have increasing urbanization.

– The large urban centers tend to attract new immigrants who don’t own houses yet.

– Financing was easier around the world. That, I believe, was the main driver of prices. In Russia, or China, or even Cambodia, prices have increased many folds simply because of liquidity. They don’t have an organized MLS like we do here.

– Prices in America are generally relative cheap compared to world real estate prices, and relative to our incomes, thanks to our more efficient markets and the ability of builders build to fill demand (but our property taxes are very high so the carrying costs are much greater).

[briansd1]

I think that there are more issues to take into account.

– We have increasing urbanization.

– The large urban centers tend to attract new immigrants who don’t own houses yet.

– Financing was easier around the world. That, I believe, was the main driver of prices. In Russia, or China, or even Cambodia, prices have increased many folds simply because of liquidity. They don’t have an organized MLS like we do here.

– Prices in America are generally relative cheap compared to world real estate prices, and relative to our incomes, thanks to our more efficient markets and the ability of builders build to fill demand (but our property taxes are very high so the carrying costs are much greater).

[briansd1]

I think that there are more issues to take into account.

– We have increasing urbanization.

– The large urban centers tend to attract new immigrants who don’t own houses yet.

– Financing was easier around the world. That, I believe, was the main driver of prices. In Russia, or China, or even Cambodia, prices have increased many folds simply because of liquidity. They don’t have an organized MLS like we do here.

– Prices in America are generally relative cheap compared to world real estate prices, and relative to our incomes, thanks to our more efficient markets and the ability of builders build to fill demand (but our property taxes are very high so the carrying costs are much greater).

[briansd1]

I think that there are more issues to take into account.

– We have increasing urbanization.

– The large urban centers tend to attract new immigrants who don’t own houses yet.

– Financing was easier around the world. That, I believe, was the main driver of prices. In Russia, or China, or even Cambodia, prices have increased many folds simply because of liquidity. They don’t have an organized MLS like we do here.

– Prices in America are generally relative cheap compared to world real estate prices, and relative to our incomes, thanks to our more efficient markets and the ability of builders build to fill demand (but our property taxes are very high so the carrying costs are much greater).

[Author]

Posts