Rules for Real Estate Agents

Barry Ritholtz:

We sold our house last year -- priced it reasonably, and at our first open house (Thanksgiving weekend!), got a reasonable bid. We ended up selling the house to that couple.

Whenever you hear talk fo a Real Estate bubble, remember that it matters much less if you own (versus rent). In effect, we rolled out of one over-priced property and into the next over-priced property. When you are a homeowner, actual prices matter less than the spread between properties.

We closed yesterday.