Steve's assumption that uncoupling real estate commissions will lead to fairer homeownership overlooks practical barriers, especially for lower-income buyers trying to finance agent commissions.
Adding an additional debt burden to lower-income consumers would leave them in a worse position under the present system, increasing their debt-to-income ratio and making borrowing more expensive.
The idea that buyers could roll these fees into their mortgage is unrealistic and unsupported by evidence, fundamentally flawed when considering the implications for homeownership.
Real estate prices are determined by supply and demand, not simply by lowering transaction fees or commissions, challenging the rationale behind uncoupling commissions.
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