Back to the future:

We bought our house in 1987, the year when values actually doubled in 12 months. Prices peaked in 1988, dipped in 1992, and began to rise again in the mid 1990’s. Some people who bought homes at the high prices of the late 1980’s and now want to sell are lucky if they sell their home for more than they paid. The cost of a real estate commission may make the difference between breaking even and losing money.

Do It Yourself Real Estate: How I bought and sold my homes without paying realty commissions
Barbara Smith

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