You make very good points, but the unqualified slobs I was talking about were potential buyers who couldn’t qualify to buy a dog house.
Any realtor worth a dime will prequalify their potential buyers and will not waste their time, the buyers time, or the sellers time by showing a buyer a property they cannot possibly get a mortgage for.
I work for clients every day that combined have less than $35.00/hr income. And they get qualified. Usually by lenders working in concert with agents that purport to support their racial demographic. And they’re saddled with usurious interest rates twice that initially offered for a beater house that’s going to eat them alive in maintenance and repair costs. They’re not selling houses....they’re selling FOMO. Hopefully the next year or so, as well as the recent NAR settlement, will be a hard tug on the flush handle so the industry can return to some degree of normality.