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I absolutely despise all the real estate billboards. They should be outlawed in a housing crisis (photo Allison Witt)
(lemmy.world)
this post was submitted on 25 Sep 2023
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Hamilton Ontario
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We have the shittiest provincial government ever but if we ever get someone progressive back in office I hope they make huge changes in how Realtors are allowed to profit.
Maybe a cap per property sold would be nice.
30 years ago they made a percentage of $100k.
Now they make that same percentage off $1M.
I think they shouldn't be allowed to charge by percentage of sale price, but rather a fixed amount based off some sort of criteria. Like how long it takes to sell, size of the property, zoning, assessed value, etc.
There are houses in neighborhoods around me selling for $1.2m with assessed values of like $800k. Let them make a percentage of the assessed value rather than the sale price. That way there's no incentive to gouge people for more than it's worth.
I think that's a fantastic idea!
Like at some point something has to change. We can't have people living in tents be normal.