03-16-2004, 06:09 PM
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CC Member
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Join Date: May 2001
Posts: 1,330
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Quote:
Originally posted by JWheaton
This reminds me of a realestate deals for a homes in a very desireable neighborhood.
Price is stated and in the first week there are several offers for the house each higher than the next.
Good for the seller and good for the buyer if they want to pay more. Neither one is more or less slimey than the other for competing in a free market.
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The difference there is that the initial advertised price for the first house is honored. The next house goes higher, and the next higher still, etc.. Exact thing happened in my neighborhood. BTW.. I was the first to move on that deal as well. Home has tripled in price in seven years. Can't win them all I guess.
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