Real Estate Ripoff About to Pay the Speculative Piper

Real estate sales as they have been executed over the past 40 years are nothing more than part of a legal pyramid scheme.

It is a racket, controlled by a narrow group of salespeople who illegally hoard listings information which is seen by a select few who have to either pay an enormous fee or go through special training.

Since the general public is really unable to see this whole list -- or exposed to only pieces of it through the regular advertising process -- it is clearly a violation of antitrust laws and an illegal restraint of trade.

It is also one reason why real estate prices have blown up so high over the past few years, a circumstance will inevitably lead to a bloody collapse.

We all got to see a little preview of that in 1992, but it will be infinitely worse today. Even experts have said that the current percentage of homes -- four of every 10 listed or sold -- is a second home, and investment property, a speculative venture. They all say that this is way too much of a percentage to be sustained any longer.

The day of reckoning is upon us all.

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