Originally Posted by
gnaget
"Illegal" because there is a rotten real estate cartel that seeks to hide data from the public.
Restricting competition and maintaining prices? Can you honestly see the big 4 players of Tokyo’s central 3 wards colluding? Competing, yes. Colluding, no. A very silly assertion.
Originally Posted by
gnaget
Having data showing asking prices is better than nothing. We paid the asking price, which had dropped 25% from when it was listed.
To paraphrase Alexander Pope, a little knowledge is a dangerous thing. To characterize an entire market based on a single data point is by no one’s standards accurate.
Originally Posted by
gnaget
This is also true in the US for rentals. There is no public information beyond asking rental prices. Purchases have public records, but there are often kickbacks from the seller that only show up in the real estate MLS records. In the DC area there are consumer friendly sites that show this information.
I am not sure about the residential market data available in the US, but office leasing data in the US and the incentives offered are listed and such data is easily purchased. This is what makes it so awkward to explain to people that the concept of “market price” with which they are familiar is very different here and the openness of information is not comparable.
Originally Posted by
gnaget
You seem to be in denial and claim that this was an outlier. I am just informing about price the price history.
Me in denial? Is the insinuation that I am denying an entire market can be defined by one person’s experience? That is not called denial, that is called economics.
Now if I had been categorized as “ITB”, the label would have been a lot closer to the mark
