I am a little surprised, b/c as you say, even the media is finally reporting how bad real estate is w/foreclosures and defaults and subprimes, etc. etc. Hard to be in denial when they’re coming around and admitting that it’s bad, w/unemployment on the rise, etc. I mean, you have to live under a rock. But since I’ve been to a few auctions in the past, there is this crazed frenzy and it gets a hold of people when they’re bidding. I’m sure REDC counts on that to help boost the price.
