This morning Alibaba stock went on sale at the New York Stock Exchange. This is a Chinese stock that did not go on sale in China's Hang Seng's Exchange because of rules and regulations in China. The stock,like Amazon and E-Bay, facilitates trading and selling of goods.
It's basically a data base.It started trading at $25 above anticipated starting numbers.
And that makes the future of Alibaba rosy for sure. This trend of inventing "intermediaries" products has been going on for a while. You'd think we were already super-saturated.
The way we are super-saturated with Real Estate companies.
But here is the rub; there will be great many more services like this until someone will dominate and send everyone else to the dust bin. How many nation-wide Real Estate Corporations can you name?
How many of you will walk into a mom-and-pop real estate office to buy a house or an office building? The array of services offered by a big-chain real estate conglomerate will handle so many more elaborate transactions, and they have their long-standing satisfied customers to vouch for them.
Yet, it is the mom-and-pop business that really knows what's available in the area even before it goes on sale. The owners live in the neighborhood; their children attend the local schools; they drink the water; they know the local trades people; they understand local codes and how long it will take for that special easement to be enacted between you and the neighbor that stands between you and the highway you need to carve a path toward, so your family can have precious privacy, views, and even access to that precious lot you plan.
Unless your transaction is across states, involving lots of rights and easements and codicils that only an expert lawyer with environmental and geological backgrounds can unravel, possessing a nose for what the local planning commission will or will not approve, you can trust the mom-and-pop business expertise.
As you can trust the ad in the local paper that will allow you to drive right up to see that " armoir" you didn't know you wanted until you saw it up for sale.