After Hours House Music
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Nov 8, 2023 The podcast explores the emergence of music as an asset class and the overvaluation of music catalogs. It also discusses a recent lawsuit against real estate brokers, the trend of artists selling their music rights, and a recommendation for the movie 'Stop Making Sense' by Talking Heads.
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Unusually High Brokerage Fees
- US real estate brokerage fees are unusually high and inflexible, unlike other markets.
- This rigidity has prompted antitrust lawsuits and investigations, potentially reshaping the industry.
Realtors and the Infrequent Homebuyer
- Homebuyers rarely buy houses, so they rely on realtors, even if the value proposition is unclear.
- Changing the fee structure could empower buyers and encourage realtor transparency.
Impact of Transaction Costs
- High transaction costs decrease mobility by locking people into housing situations.
- Lower fees, like in other countries, could increase mobility and change selling calculations.