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  • February 10, 2008 at 2:48 PM #151263
    Doofrat
    Participant

    Thank’s for the updates! Drove by really fast – figured it’d be better to get a speeding ticket than to get pulled in and caught up in the auction hype and end up with buyers remorse 🙂 Saw a limo and a bunch of illegally parked cars so it seemed to be a good turnout. Was it 20 or 32 places that sold?
    Looks like we’ll be renting awhile in CV.

    February 10, 2008 at 2:53 PM #150929
    mrwrong
    Participant

    I have to say that I’m really surprised at this outcome. With the mainstream media turning decidedly bearish on real estate and a recession looming, where are all these people coming from? I just don’t get it. It makes you wonder who is really in denial.

    There is no rationality when it comes to real estate.

    Mr. Wrong

    February 10, 2008 at 2:53 PM #151192
    mrwrong
    Participant

    I have to say that I’m really surprised at this outcome. With the mainstream media turning decidedly bearish on real estate and a recession looming, where are all these people coming from? I just don’t get it. It makes you wonder who is really in denial.

    There is no rationality when it comes to real estate.

    Mr. Wrong

    February 10, 2008 at 2:53 PM #151198
    mrwrong
    Participant

    I have to say that I’m really surprised at this outcome. With the mainstream media turning decidedly bearish on real estate and a recession looming, where are all these people coming from? I just don’t get it. It makes you wonder who is really in denial.

    There is no rationality when it comes to real estate.

    Mr. Wrong

    February 10, 2008 at 2:53 PM #151216
    mrwrong
    Participant

    I have to say that I’m really surprised at this outcome. With the mainstream media turning decidedly bearish on real estate and a recession looming, where are all these people coming from? I just don’t get it. It makes you wonder who is really in denial.

    There is no rationality when it comes to real estate.

    Mr. Wrong

    February 10, 2008 at 2:53 PM #151288
    mrwrong
    Participant

    I have to say that I’m really surprised at this outcome. With the mainstream media turning decidedly bearish on real estate and a recession looming, where are all these people coming from? I just don’t get it. It makes you wonder who is really in denial.

    There is no rationality when it comes to real estate.

    Mr. Wrong

    February 10, 2008 at 4:01 PM #150966
    jpinpb
    Participant

    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.

    February 10, 2008 at 4:01 PM #151227
    jpinpb
    Participant

    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.

    February 10, 2008 at 4:01 PM #151234
    jpinpb
    Participant

    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.

    February 10, 2008 at 4:01 PM #151251
    jpinpb
    Participant

    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.

    February 10, 2008 at 4:01 PM #151323
    jpinpb
    Participant

    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.

    February 10, 2008 at 7:52 PM #151183
    Coronita
    Participant

    Folks. I have an interesting update. Again, I'm hearing this second hand because I didn't attend the entire auction. But folks that I talked to that stayed to the end found out the following thing peculiar.

     

    It appears that at the end, some of the auctions ended up being sold to the second highest bidder. It appears that when some of the auctions ended, the highest bidder's failed ID checks, and so there they ended up in the second highest bidder.

    Second, in the auctions, it appears the prices quicly shot up to in the first few seconds of opening bid. So…

     

    A few of us were just speculating. What if all the bidders weren't real buyers, but in fact people that either worked for the auction house and/or the Heights? I mean, the concept would be no different from say an ebay seller that also doubles up as a buyer and bids up the price of his/her own auction.

    Anyway, I don't have proof, and perhaps this is more conspiracy theory-ish. But it just seemed unusual that the auction prices shot up so quickly, and then a some of the auctions failed to close to the highest bidder because out of all things, the ID of the bidder didn't match what was one file.

    I was also told a fire marshal came in and say there isn't enough room for everyone and that non-serious bidders should leave, but I missed that.

    [img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

    —– Sour grapes for everyone!

    February 10, 2008 at 7:52 PM #151447
    Coronita
    Participant

    Folks. I have an interesting update. Again, I'm hearing this second hand because I didn't attend the entire auction. But folks that I talked to that stayed to the end found out the following thing peculiar.

     

    It appears that at the end, some of the auctions ended up being sold to the second highest bidder. It appears that when some of the auctions ended, the highest bidder's failed ID checks, and so there they ended up in the second highest bidder.

    Second, in the auctions, it appears the prices quicly shot up to in the first few seconds of opening bid. So…

     

    A few of us were just speculating. What if all the bidders weren't real buyers, but in fact people that either worked for the auction house and/or the Heights? I mean, the concept would be no different from say an ebay seller that also doubles up as a buyer and bids up the price of his/her own auction.

    Anyway, I don't have proof, and perhaps this is more conspiracy theory-ish. But it just seemed unusual that the auction prices shot up so quickly, and then a some of the auctions failed to close to the highest bidder because out of all things, the ID of the bidder didn't match what was one file.

    I was also told a fire marshal came in and say there isn't enough room for everyone and that non-serious bidders should leave, but I missed that.

    [img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

    —– Sour grapes for everyone!

    February 10, 2008 at 7:52 PM #151453
    Coronita
    Participant

    Folks. I have an interesting update. Again, I'm hearing this second hand because I didn't attend the entire auction. But folks that I talked to that stayed to the end found out the following thing peculiar.

     

    It appears that at the end, some of the auctions ended up being sold to the second highest bidder. It appears that when some of the auctions ended, the highest bidder's failed ID checks, and so there they ended up in the second highest bidder.

    Second, in the auctions, it appears the prices quicly shot up to in the first few seconds of opening bid. So…

     

    A few of us were just speculating. What if all the bidders weren't real buyers, but in fact people that either worked for the auction house and/or the Heights? I mean, the concept would be no different from say an ebay seller that also doubles up as a buyer and bids up the price of his/her own auction.

    Anyway, I don't have proof, and perhaps this is more conspiracy theory-ish. But it just seemed unusual that the auction prices shot up so quickly, and then a some of the auctions failed to close to the highest bidder because out of all things, the ID of the bidder didn't match what was one file.

    I was also told a fire marshal came in and say there isn't enough room for everyone and that non-serious bidders should leave, but I missed that.

    [img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

    —– Sour grapes for everyone!

    February 10, 2008 at 7:52 PM #151471
    Coronita
    Participant

    Folks. I have an interesting update. Again, I'm hearing this second hand because I didn't attend the entire auction. But folks that I talked to that stayed to the end found out the following thing peculiar.

     

    It appears that at the end, some of the auctions ended up being sold to the second highest bidder. It appears that when some of the auctions ended, the highest bidder's failed ID checks, and so there they ended up in the second highest bidder.

    Second, in the auctions, it appears the prices quicly shot up to in the first few seconds of opening bid. So…

     

    A few of us were just speculating. What if all the bidders weren't real buyers, but in fact people that either worked for the auction house and/or the Heights? I mean, the concept would be no different from say an ebay seller that also doubles up as a buyer and bids up the price of his/her own auction.

    Anyway, I don't have proof, and perhaps this is more conspiracy theory-ish. But it just seemed unusual that the auction prices shot up so quickly, and then a some of the auctions failed to close to the highest bidder because out of all things, the ID of the bidder didn't match what was one file.

    I was also told a fire marshal came in and say there isn't enough room for everyone and that non-serious bidders should leave, but I missed that.

    [img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

    —– Sour grapes for everyone!

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