I am just grateful to President Trump for letting my comrads - I mean business associates - buy houses near their jobs spying (I mean contributing) in Silicon Valley. Free enterprise. Love it.

Realtors think underpricing a property demonstrates selling-skills so they can later advertise the sale as "SOLD $X OVER ASK!"

All they're doing is misrepresenting the property to "generate buzz" and waste naive buyers' time attending open houses and writing woefully low offers for properties that aren't actually within the buyers' price ranges.

Mis-pricing the ask should be a badge of shame, not honor.

"Asking price" should be the "buy-it-now price" in eBay-speak. That'd be a law I'd vote for.

In my own home search I remember being so frustrated by low pricing and the inevitable bidding war that follows. But after a while I figured it out and I really don't think you can say it is misrepresentation. Any buyer worth their salt will research what homes are selling for, not just being listed for.

As a potential seller now I would want a realtor to list the home low and try to create as much interest and buzz as possible. Sellers have every right to maximize their profits.

Just curious. How many of these houses have been cash sales with overseas money, particularly from Asia? Financial news orgs like the WSJ have been saying that there is a huge influx of money fleeing Asia that is going into "hot" US real estate markets.

Shouldn't there be a cap on how much profit you can make on a homesale? Everyone should be able to afford a home in Mountain View. Housing is a right, right?
Why should anyone be allowed to make money on their real estate or charge what they feel it is worth? Let's see if we can get Measure V to cover that too.