Freaknomics
I read the book "Freaknomics" the other day. Personally for me it did not live up to the hype that it was made out to be.
However it was interesting to note the part where he said that in many businesses , for example real estate, people are still kept in the dark about actual prices of property because of the withholding of information. Nobody knows the real prices, and thats why property agents still have a job. The book teaches us to hold out for more and not to submit to the agent's pressure tactics. The rough guide is that what ever price the agent says the property is worth, reduce it by 20%. (it I recall correctly)
Any body with comments?
However it was interesting to note the part where he said that in many businesses , for example real estate, people are still kept in the dark about actual prices of property because of the withholding of information. Nobody knows the real prices, and thats why property agents still have a job. The book teaches us to hold out for more and not to submit to the agent's pressure tactics. The rough guide is that what ever price the agent says the property is worth, reduce it by 20%. (it I recall correctly)
Any body with comments?
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