Quote:
Originally Posted by ASAP
the lack of supply is primarily due to an over stimulation of demand of the last 5 years of low rates... basically everything that could have been was sold off
... so let's say you had low interest rates right now... you would have more transactions sure...at a FAR higher cost than we already have lol... so prices would climb further and you total transaction costs would go up even further... again, there are no resolutions to the current problem at this time
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Exactly. This is similar to car dealers charging markups. Sure, they could remove the markup, but they still have a limited supply of vehicles that
can only be sold once.
There's virtually no incentive to sell for just MSRP when you've got 20 people lined up to buy 5 available cars.