auctions are a solid and healthy way to appraise and evaluate the market in real time.

if we’d have had more auctions on the uptick we’d be in better shape. it shows exactly what people are willing to pay – today.

even the 6% gang is jumping on board.

http://www.ocregister.com/ocregister/money/homepage/article_1329168.php

the auctions at the top of the market are the best for the developers by far – that’s a well known fact. so get frustrated for a while, but know they wont get those dollars in 9 months to a year.