Tuesday, September 4, 2007

Realtors Discuss Freakonomics and Freedomnomics

Many of you no doubt read the book Freakonomics by Steven Levitt and Stephen Dubner. I read it the other year. It was a bestseller and caused quite a buzz and a stir when it was first published. The book is an interesting and entertaining read that discusses some controversial idea, among them that legalized abortion helped reduce violent crime in the 1990s . . .

This weekend I read the book Freedomnomics, subtitled "A Rebuttal to Freakonomics and More"

Author and Economist John Lott, Jr. provides some convincing arguments against the evidence and conclusions of the book Freakonomics.

Regarding the topic of real estate agents, Lott surmises that Levitt & Dubner habitually fail to realize "that market forces exist that punish dishonest behavior."

Lott doubts that real estate agents are really ripping off their own clients and states that a listing agent has very little to gain from encouraging buyers to deliberately depress bids on homes. . . . .

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