Matzav.com recently reported on the fact that Lakewood has the fastest rising housing prices in the country.
But please report the truth: The main reason for this price surge in Lakewood is a result of real estate agents trying to create bidding wars in order to raise the price and with it the dollar size of the commission.
This is combined with agents pressuring potential buyers to offer more and enticing people to sell by giving the seller high valuations.
In other words, much of the insane uptick in prices is due to manipulations by the agents.
These agents have also been to blame because, for the last 5 years, they’ve been visiting people in New York and elsewhere, drawing them to buy houses in Lakewood, Jackson, Toms River and the vicinity.
So thanks, agents, for destroying the market and making it now unaffordable for an average family to buy a house. Job well done. Hope you can sleep well at night.
A Frustrated Wannabe Homeowner