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The private home listings most buyers aren’t seeing
(www.seattletimes.com)
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this post was submitted on 12 May 2025
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Mildly Infuriating
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No, dude. Redlining is about banks not lending to people in a discriminatory fashion. The first sentence in your link:
I quoted a line specifically about the home owner (a person, not a bank or a coporation) having a specific buyer in mind. Not at all the same thing. Even if the owner lists it publicly, the owner still decides to whom they sell the property. Otherwise you would have property-holding companies out there suing to force the sale to them as the highest cash bidder. Forcing a public MLS listing is regulatory capture forcing buyers and sellers to pay a commission to a middle-man when there didn't need to be one.
HOAs can fuck off and so can you.
Agreed. Private transitions are private.
Maybe not redlining, but there has been shown to be increased inequality by keeping the homebuying market opaque.
I don't doubt it, and I 100% support regulations aimed at increasing wealth and ownership opportunity and equality. If Compass is shown to be discriminating against minorities, then yeah prosecute the fuck out of them. I just think forcing people to list their home even though they already have a buyer selected isn't really going to do anything about it and just artificially raises the sale price to cover the realtor fees. Say some elderly home owner is nearing hospice or something and wants to sell the house to their grandkid who is starting a family. Why should they have to do anything other than get a mortgage approved and go sign all the deed/title paperwork for the bank and the county? Forcing it to be listed isn't going to suddenly make that home be an option for a discriminated minority buyer, because the buyer has already been selected by the owner.