[quote=sdrealtor]The system is what it is because it works. If we had an ebay style bidding system everyone would bid a dollar more than the last guy and it would go on forever. The system is quick and is meant to find the most willing, able and motivated buyer as quickly as possible. Like it or hate it, you wont see it go anywhere because it works.[/quote]
If you have a cutoff time, then it won’t go on forever.
I also hate the blind bidding system. You never know if you’re really just bidding against yourself.
It would be so refreshing to have a fully transparent market where everyone has access to the same information. Right now, it’s so opaque, it’s just ripe for all kinds of fraud, IMHO.
