I’m not attending, but I am keeping my eye on the Halifax street house in San Diego that is being auctioned (Allied gardens/del cerro area). Those houses were built in late 2002 early 2003 and went then for the low to mid $500,000’s. I nearly bought one then since there are so few new homes in that area. I am very surprised it ended up on the auction block since you would think a newer house would sell in that area.
I do think attendance at these auctions is a good gauge of casual interest in real estate investing. If there are still lots of “Flip this House!” wannabes there, its a sign the market still has a long way to go to hit bottom.
