So there is the possibility that an investment group affiliated with the builder actually made a bulk purchase of homes in order to create the perception that homes were selling? Nothing surprises me anymore. Any idea what price the bids will start and if there is a minimum bid for these homes?
On a side note, did anyone see the UT Homes section today? There is a light orange commentray section every week that is filled with realtor propaganda. Today’s article is the worst example of blind misinformation I have ever seen. The realtor blames the media for creating the perception that prices are falling, and even denies that the market is falling. Every single paragraph is filled with lies! And he is from San Marcos; a city that is crashing very badly in many areas right now. The home I sold in March there is now selling for 100k+ less – someone tell this guy to wake up!
