[deleted]
US, not global news
[deleted]
Submitted 7 months ago by RealWarrenBuffett@lemm.ee to globalnews@lemmy.zip
Submitted 7 months ago by RealWarrenBuffett@lemm.ee to globalnews@lemmy.zip
US, not global news
The US is in the world
mipadaitu@lemmy.world 7 months ago
Absolutely nothing in that article says how it could backfire aside from the title.
The closest it gets, is that more people might be interested in selling, due to the lower commissions, but buyers wouldn’t care about the commission overhead. Buyers would only care about interest %, which is higher than it has been recently, but still pretty low historically.
It’s weird to think that “only the seller pays” because it’s a 6% trim off the transaction price, which equally impacts the buyer and seller. They have to negotiate a price knowing that amount will be taken off the price. Sellers can sell for less and get the same profit if the commission is lower, so the buyer would pay less. Just because it’s slightly transparent in the transaction doesn’t mean it isn’t there.