3 Comments

The elephant can no longer afford to be in the room.

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Price manipulation in real estate can also be done via less obvious means. In Germany for example Scientology cultists were very active infiltrating estate agents there the 1990's.

https://neveragainisnowglobal.substack.com/p/black-propaganda

If you have cultists running a substantial part of the show things soon get very distorted and unhinged. An artificial distortion obviously presents enormous exploitation potential at a later date exclusively for those in the know. Those on the outside on the other hand think it's connected to say bad QE policy thereby rationalising the insanity and even playing along.

No one I feel has really explained what's going on with unusually creepy companies like Foxtons in the UK. It retrospect it's almost like they're being run by a secretive cult. Every small town has at least half a dozen estate agents for no apparent good reason. They don't appear to compete with each other - more of a case of locking anyone else out by sheer numbers.

It's like their only real function is just to grossly and artificially manipulate the entire property market in every nation they operate.

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The property market is a whole different story - I agree it has its own unique supply and demand issues and I guy I trust (Simon Elmer) who knows the sector feels that it is heavily manipulated.

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