Investors lying, claiming to be families in house buyer love letters…

Good. I hope they do this more.

The practice of the love letter is dumb. It plays to the mindset of certain sellers that they should get to control what happens in a house they no longer own.

Guess what. That house you love, the one you want a “cute young family” to live in? You don’t get to control who *they* sell to. It might be an investor, it might be a flipper, it might be a dolphin named Flipper. Once sold, you don’t own the asset anymore. What someone else does with it is none of your damn business.

I am personally with my wife looking for homes in SF. If asked by my buyers agent to write a love letter, I am going to ask what the sellers want to hear, and write whatever is needed. Want the buyer to have a family? Good, my wife is pregnant (whatcha gonna do, vet this with a pregnancy test?) Want the buyer to not work in tech? Good thing our real names are fairly common (though if it wasn’t, I’d literally consider a temporary name change).

If I were an investor, I’d literally pay cute couples to buy houses on my behalf with letters statistically designed to play into people’s biases. In fact, if this isn’t happening, someone needs to start, as it is an untapped arbitrage opportunity just waiting to happen.

submitted by /u/newtosf2016
[link] [comments]

Good. I hope they do this more. The practice of the love letter is dumb. It plays to the mindset of certain sellers that they should get to control what happens in a house they no longer own. Guess what. That house you love, the one you want a “cute young family” to live in? You don’t get to control who *they* sell to. It might be an investor, it might be a flipper, it might be a dolphin named Flipper. Once sold, you don’t own the asset anymore. What someone else does with it is none of your damn business. I am personally with my wife looking for homes in SF. If asked by my buyers agent to write a love letter, I am going to ask what the sellers want to hear, and write whatever is needed. Want the buyer to have a family? Good, my wife is pregnant (whatcha gonna do, vet this with a pregnancy test?) Want the buyer to not work in tech? Good thing our real names are fairly common (though if it wasn’t, I’d literally consider a temporary name change). If I were an investor, I’d literally pay cute couples to buy houses on my behalf with letters statistically designed to play into people’s biases. In fact, if this isn’t happening, someone needs to start, as it is an untapped arbitrage opportunity just waiting to happen. submitted by /u/newtosf2016 [link] [comments]

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