Yeah, this was the outcome that was predicted when they allowed real estate brokers to also be property managers.

People wonder why starter homes havent existed on the market for 25 years and the answer is because nobody builds them, and when they do go up for sale, real estate agents are sending them the way of clients they already represent as property managers.

Why sell a house for 3% commission just once when you can sell it to somebody you are already partnered with and then make a 5% comission every month for the rest of your professional career while maybe only putting 15 hours per year worth of work into the unit?

Pretty much every issue in America comes down to the partnership of banks, real estate agents and landlords.