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Against Sales Price Disclosure...For Our Own Reasons
Originally published on 5/27/07.
Call us cowards, or call us calculating. Nonetheless, a day before this session of the Texas Legislature officially ends, we are putting our sales price disclosure editorial forward.
We are against it.
Let's accept for a moment, this piece of legislation is avowedly in the public interest in terms of equity and fairness, and has been considered a key component of fixing a very broken property tax system.
We still oppose it.
But before we expose the reasons to oppose sales price disclosure in Texas, we need to address why we waited until the last days of the session to publish.
To allow the politics of the situation to play out as they inevitably did on our side, was part of the gambit, we admit. Or more accurately, we were not looking for a repeat of the embarrassing lease option debacle from two years ago.
In that diplay of "irrelevance turning into counterproductivity," a local association head's internet message was passed around the Capitol, ruining any chance at a legislative victory.
Since our reasons are, shall we say, "direct", we are likely to be controversial. We would prefer that not affect the debate - that's not our job...this time around.
So, on to the painful truth.
We are a publisher serving realtors and investors. Our readers' interests are our interests.
Our readers, Houston real estate agents and investors make too much money from having information not available to the general public. That's the plain truth. Distributing this information freely would change the real estate world as our current readers know it. And we are against that.
For further information, read our blog on the topic
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