[quote=kicksavedave]Rather than try to compete directly against the bulk buyers and all their millions, why not fight em a different way. Publicize what they are doing and make their bulk buy prices known to the public. If the public knew they were buying these dumps for $250, they wouldn’t be paying them $350 as willingly. If enough people know about it, and enough people stay away from them, eventually they will bring their prices back down. I realize its a horrendous long shot, but it’s easier to fight them with information – like these blogs – than with cash. They have too much cash, but the power of information is priceless.
Heck, put a sign on every one of their properties that says “bought in bulk for $XXX”. As soon as their profits erode, they’ll quit the business, like all the other flippers du jour.[/quote]
I like your idea, Dave. Nothing like having a REAL free market where all the information is transparent. Otherwise, it’s just a rigged game.
So, how can we do it?
Or, another question, do any of the exceedingly talented techies here know how to set up an auction site that could handle the kind of volume needed with all the foreclosures, assuming all foreclosures needed to be listed within a few days of the trustee sale?
I figure if we just come up with a good system and practically hand it over to the govt, they would have no excuse but to use it, no?
