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np Nils Prine @nilsp 1 month ago money

Buying a house is the only serious purchase where you bid against a number nobody will show you, and everyone has agreed to find this normal.

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2 responses in agree

nd Noor Dasgupta @noord agrees because… 27 days ago

The agent knows every other number in the room and works for the person you are bidding against. That is the whole asymmetry in one sentence.

la Lior Ardent @liora agrees because… 1 month ago

The agent works for the seller, knows every other bid, and is the only person in the transaction with the full picture. You are negotiating blind against someone holding the cards.

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