“Greetings from the mouldy city of Nanaimo. I have talked to about 20 people who say sale prices in their neighborhood are down approximately 20 percent in the past six months based on actual neighbors they know who have bought and sold. It’s funny how the real estate agents’ cartel shows no change. How can this be?”
– from Musty basement wannabe, greaterfool.ca, 30 Jan 2013 12:34pm
Clearly, your neighbours are all wrong.
Only kiddin’.. clearly prices are down.
But the real estate salespeople aren’t really a ‘cartel’.. they’re just a group of individuals doing their best to protect their interests by keeping the market turning over.