Category: Auction

Goosing the observant herd: Part 2, the auction buyers

26 July, 2011 (10:00) | Auction, Foreclosure, Homeownership, Innovations, Markets, Speculation, Subprime, US News |

By: David A. Smith   [Continued from yesterday's Part 1.]     Yesterday we saw, via an oddly disengaged New York Times article, that real estate auctions place both seller and buyer in positions of uncertainty, which heightens the interest for both parties:   Auctions are not necessarily deals for buyers, either. Most apartments appearing in […]

Goosing the observant herd: Part 1, the auction sellers

25 July, 2011 (09:55) | Auction, Foreclosure, Homeownership, Innovations, Markets, Speculation, Subprime, US News | 1 comment

By: David A. Smith    Many are the ways to sell things:   Bargaining, one-on-one, as in used cars and Arabian bazaars.   Everything for a price, and every price negotiable   Shelf pricing, as in grocery or department stores.   Bargaining not involved   Flea markets and yard sales, where searching and a little […]