Agents have to be very, very careful. If I have a buyer client and I'm showing them houses that I would get extra money for, they could question that because it is a conflict of interest. There's a potential code of ethics problem and a potential disclosure problem with your clients if you don't do it correctly. |
As we see more and more investors moving inland, we're seeing a decrease in affordable housing. |
It's a significant issue for the business. We need to do a much better job in preparing our real estate agents for the real world. |
My guess is we have people who have these beliefs here but they are not going to publicly demonstrate here as much as they would somewhere else. |
Oceanfront reaches a certain level where it just makes the inland stuff more popular. You don't have an endless supply of rich investors out there. |
That's a large chunk of people that just in that year have been cut out of the market. |
That's healthy that we're seeing the big guys come. |
The real problem is we're squeezing out affordable housing, and that's where our greatest need is. |
The state does not reimburse colleges for new programs or expansion of programs for three years. So, they have to start it themselves and have it up and running. |
This points to a potential problem if we keep our rates low. You can't cash flow a high-end unit based on the rental rates. |