Maximum profit, the doctrine of American capitalism, has made homes unaffordable for many Americans

Question: why do we even need real estate agents? I'm sure 100 years ago, you could build your own house or just go directly to the sellers. Somehow these people have created a trillion dollar industry, in the name of maximum profit capitalism, for something that isn't even needed. 6% commission? That's $30,000 on $500,000.

Kudos to the real estate agents who are making big money.... But some industries are just really worthless. That's why American capitalism is failing.

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Adstar · 56-60, M

No capitalism has not caused the rapid rise of house prices.. Actually lack of capitalism has caused the rise in house prices because capitalism would cause builders to build more houses to take advantage of high house prices and a higher supply of houses would drive down prices..

You can probably find out the real reason for high house prices by looking into Zone restrictions and home density restrictions imposed by local governments.. You can even add to that the flood of Chinese investors from China engaging in capital flight.. Getting their money away from the grips of the Chinese communist party who are leading China into an economic abyss.. These Chinese investors buy houses and leave them standing idle. parking their money in the west as a secure nest egg..

As for real estate agents charging high percentages that's not a sign of capitalism, that's a sign of collusion between real estate agents. And that's anti free enterprise..