[patientlywaiting]

It would be smart to list very low if you have friends and relatives interested in buying in the area. Keep it on the DL and don’t even tell your listing broker. But would you want to help your friends? Another problem is that if the broker finds you a buyer, you might owe the commission.

But like I said, on the way up, the confluence of interest, makes the “collusion” almost automatic because everybody benefits (at least for a short period)

On the way down, nobody wants the next buyer to get a deal. Jealously is an interesting human feeling. I personally would rather my friends and relatives benefit than a total stranger.

[patientlywaiting]

It would be smart to list very low if you have friends and relatives interested in buying in the area. Keep it on the DL and don’t even tell your listing broker. But would you want to help your friends? Another problem is that if the broker finds you a buyer, you might owe the commission.

But like I said, on the way up, the confluence of interest, makes the “collusion” almost automatic because everybody benefits (at least for a short period)

On the way down, nobody wants the next buyer to get a deal. Jealously is an interesting human feeling. I personally would rather my friends and relatives benefit than a total stranger.

[patientlywaiting]

It would be smart to list very low if you have friends and relatives interested in buying in the area. Keep it on the DL and don’t even tell your listing broker. But would you want to help your friends? Another problem is that if the broker finds you a buyer, you might owe the commission.

But like I said, on the way up, the confluence of interest, makes the “collusion” almost automatic because everybody benefits (at least for a short period)

On the way down, nobody wants the next buyer to get a deal. Jealously is an interesting human feeling. I personally would rather my friends and relatives benefit than a total stranger.

[patientlywaiting]

It would be smart to list very low if you have friends and relatives interested in buying in the area. Keep it on the DL and don’t even tell your listing broker. But would you want to help your friends? Another problem is that if the broker finds you a buyer, you might owe the commission.

But like I said, on the way up, the confluence of interest, makes the “collusion” almost automatic because everybody benefits (at least for a short period)

On the way down, nobody wants the next buyer to get a deal. Jealously is an interesting human feeling. I personally would rather my friends and relatives benefit than a total stranger.

[patientlywaiting]

It would be smart to list very low if you have friends and relatives interested in buying in the area. Keep it on the DL and don’t even tell your listing broker. But would you want to help your friends? Another problem is that if the broker finds you a buyer, you might owe the commission.

But like I said, on the way up, the confluence of interest, makes the “collusion” almost automatic because everybody benefits (at least for a short period)

On the way down, nobody wants the next buyer to get a deal. Jealously is an interesting human feeling. I personally would rather my friends and relatives benefit than a total stranger.

[patientlywaiting]

I do believe that some sort of organized plan could have an impact.

Yes, it could work.  You can definitely try.  

During the run-up there were certainly some of that going on.  Not that it was "masterminded"  but the confluence of interests did make such run-up schemes possible. 

For example, a builder would sell the models to investors in order to create comps.  

Smaller, infill developers would sell a couple of units to friends, relatives, or subcontractors to create comps for their developments. 

You also had "groupies" buying at each developments and flipping then buying at the next development. Those groupies were always first in line. 

 

 

[patientlywaiting]

I do believe that some sort of organized plan could have an impact.

Yes, it could work.  You can definitely try.  

During the run-up there were certainly some of that going on.  Not that it was "masterminded"  but the confluence of interests did make such run-up schemes possible. 

For example, a builder would sell the models to investors in order to create comps.  

Smaller, infill developers would sell a couple of units to friends, relatives, or subcontractors to create comps for their developments. 

You also had "groupies" buying at each developments and flipping then buying at the next development. Those groupies were always first in line. 

 

 

[patientlywaiting]

I do believe that some sort of organized plan could have an impact.

Yes, it could work.  You can definitely try.  

During the run-up there were certainly some of that going on.  Not that it was "masterminded"  but the confluence of interests did make such run-up schemes possible. 

For example, a builder would sell the models to investors in order to create comps.  

Smaller, infill developers would sell a couple of units to friends, relatives, or subcontractors to create comps for their developments. 

You also had "groupies" buying at each developments and flipping then buying at the next development. Those groupies were always first in line. 

 

 

[patientlywaiting]

I do believe that some sort of organized plan could have an impact.

Yes, it could work.  You can definitely try.  

During the run-up there were certainly some of that going on.  Not that it was "masterminded"  but the confluence of interests did make such run-up schemes possible. 

For example, a builder would sell the models to investors in order to create comps.  

Smaller, infill developers would sell a couple of units to friends, relatives, or subcontractors to create comps for their developments. 

You also had "groupies" buying at each developments and flipping then buying at the next development. Those groupies were always first in line. 

 

 

[patientlywaiting]

I do believe that some sort of organized plan could have an impact.

Yes, it could work.  You can definitely try.  

During the run-up there were certainly some of that going on.  Not that it was "masterminded"  but the confluence of interests did make such run-up schemes possible. 

For example, a builder would sell the models to investors in order to create comps.  

Smaller, infill developers would sell a couple of units to friends, relatives, or subcontractors to create comps for their developments. 

You also had "groupies" buying at each developments and flipping then buying at the next development. Those groupies were always first in line. 

 

 

[patientlywaiting]

I’ve read asianautica’s posts over time and his perspective is a very much in line with that of Asian immigrants’ that I know.

They have very strong aversion to paying rent. And owning is much more “well-regarded” by relatives. Therefore people will make sacrifices such as living with relatives to save-up for a downpayment. I would not be surprised if asianautica’s relatives are “pressuring” him to buy.

A modest family will not mind paying a high mortgage to own and they will split the expenses amount family members. I’ve met people who live two adults per bedroom, every bedroom.

I used to work in manufacturing where there were lots of Asian employees and it was hard to explain the concept of utility where buy/rent is just the financing method by which one acquires shelter.

I believe that Asians place a lot more value on the concept of ownership and are willing to sacrifice just so they can say they own. That’s very good but can lead one to overpay when the market is high(but that overpayment is ok when split up among many adults).

[patientlywaiting]

I’ve read asianautica’s posts over time and his perspective is a very much in line with that of Asian immigrants’ that I know.

They have very strong aversion to paying rent. And owning is much more “well-regarded” by relatives. Therefore people will make sacrifices such as living with relatives to save-up for a downpayment. I would not be surprised if asianautica’s relatives are “pressuring” him to buy.

A modest family will not mind paying a high mortgage to own and they will split the expenses amount family members. I’ve met people who live two adults per bedroom, every bedroom.

I used to work in manufacturing where there were lots of Asian employees and it was hard to explain the concept of utility where buy/rent is just the financing method by which one acquires shelter.

I believe that Asians place a lot more value on the concept of ownership and are willing to sacrifice just so they can say they own. That’s very good but can lead one to overpay when the market is high(but that overpayment is ok when split up among many adults).

[patientlywaiting]

I’ve read asianautica’s posts over time and his perspective is a very much in line with that of Asian immigrants’ that I know.

They have very strong aversion to paying rent. And owning is much more “well-regarded” by relatives. Therefore people will make sacrifices such as living with relatives to save-up for a downpayment. I would not be surprised if asianautica’s relatives are “pressuring” him to buy.

A modest family will not mind paying a high mortgage to own and they will split the expenses amount family members. I’ve met people who live two adults per bedroom, every bedroom.

I used to work in manufacturing where there were lots of Asian employees and it was hard to explain the concept of utility where buy/rent is just the financing method by which one acquires shelter.

I believe that Asians place a lot more value on the concept of ownership and are willing to sacrifice just so they can say they own. That’s very good but can lead one to overpay when the market is high(but that overpayment is ok when split up among many adults).

[patientlywaiting]

I’ve read asianautica’s posts over time and his perspective is a very much in line with that of Asian immigrants’ that I know.

They have very strong aversion to paying rent. And owning is much more “well-regarded” by relatives. Therefore people will make sacrifices such as living with relatives to save-up for a downpayment. I would not be surprised if asianautica’s relatives are “pressuring” him to buy.

A modest family will not mind paying a high mortgage to own and they will split the expenses amount family members. I’ve met people who live two adults per bedroom, every bedroom.

I used to work in manufacturing where there were lots of Asian employees and it was hard to explain the concept of utility where buy/rent is just the financing method by which one acquires shelter.

I believe that Asians place a lot more value on the concept of ownership and are willing to sacrifice just so they can say they own. That’s very good but can lead one to overpay when the market is high(but that overpayment is ok when split up among many adults).

[patientlywaiting]

I’ve read asianautica’s posts over time and his perspective is a very much in line with that of Asian immigrants’ that I know.

They have very strong aversion to paying rent. And owning is much more “well-regarded” by relatives. Therefore people will make sacrifices such as living with relatives to save-up for a downpayment. I would not be surprised if asianautica’s relatives are “pressuring” him to buy.

A modest family will not mind paying a high mortgage to own and they will split the expenses amount family members. I’ve met people who live two adults per bedroom, every bedroom.

I used to work in manufacturing where there were lots of Asian employees and it was hard to explain the concept of utility where buy/rent is just the financing method by which one acquires shelter.

I believe that Asians place a lot more value on the concept of ownership and are willing to sacrifice just so they can say they own. That’s very good but can lead one to overpay when the market is high(but that overpayment is ok when split up among many adults).

[Author]

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