Rogue individuals in all business endeavours I read this article and it reminded me of the short sellers.The gist of it:
Last fall, my phone lit up with an unexpected text from a neighbor. “Hey, do you happen to know anyone on our street who would sell their house? My sister really wants to move into the neighborhood.”
As the market continues to heat up, affordable and desirable homes are few and far between — which means it’s becoming more and more common for people to receive unsolicited offers just like we did. But what if you aren’t entertaining the idea of listing your house?
Not all offers come from individuals who want to move closer to a family member — some stem from house flippers who want to sell homes for more money or developers with plans to tear down your home and replace it with a high-rise. Homeowners often receive offers well below market value from cash investors who typically bid that way in hopes sellers need cash asap or are just unaware of how much the home is actually worth. If they can’t dupe homebuyers into selling for cheap some rogue developers can even pay homeless people and drug addicts to litter the neighborhood and wonder around and start spreading rumours of rising crime to twist homebuyers’ arms. They can even start construction near your house and make your life miserable with noise, dust and other forms of harassment to push you out.
These rogue people who think this way are everywhere including the stock market. Do not surrender to emotional blackmail.