Realtors want to lynch me today because of an article I penned in The Globe and Mail. If they’re mad, I must be on to something.
And for the record, here’s what a portfolio manager wrote to me: “Great article. I’ve always thought that the conflict of interest that an agent faces (between selling fast, versus maximizing the price for you) is one of the riskiest financial arrangements facing consumers. A delta of a couple of percent, with today’s housing prices, is a very significant amount of after-tax dollars to most people, but yet so few people – from what I have seen – think about it at all.”