Quote:
Originally Posted by Mr.Retired
Excerpt:if realtors are able to buy a house for undervalue and turn it around and flip it for a profit (where the flipped price is a fair market rate), then I have no problem
Opinion: You may not have a problem but for the first time home buyer who does not have the knowledge and advantage of
the realtor that does this for a living is a problem. No different than insider trading. Thanks for the post.
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in reality insider trading is a problem that is not a problem .
actually no where in business does someone else not have an advantage , be it better information , better software , better employees , better analysts, etc .
to get the edge on a competitor is encouraged .
but for some reason the SEC wants equities to have this false appearance of a level playing field .
your company may have invented the cure for cancer and you told me .. so i buy your stock at 10 bucks and when word gets out it hits a hundred .. so i sell .... the next person buys and it goes to 200 ....
that stock was going to 200 whether you told me and i profited or not . the fact i had better information allowed me to profit but i had no effect on where that price went .
remember we are not talking stock manipulation and pump and dump which is fraud and a crime
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