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Posts Tagged ‘dark markets’

Dark Markets

In Criticism, Financial, Fresh on April 28, 2014 at 11:37 AM

Imagine that you’re buying property in Toronto. You know the exact neighborhood that you want to live in, but your real estate agent has told you there are no homes listed for sale in that area. Secretly though, every home in that neighborhood is owned by one real estate kingpin. The kingpin wants to take advantage of the high real estate prices as soon as he can, but he needs to do this discreetly. He understands that if he were to list all of his property at once publicly, then he wouldn’t get as much money for his property. He needs to make buyers like you believe there is a limited supply of homes, when in fact there is an abundant supply. To do this, he uses dark markets.

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