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CONDO AUCTION PRICE ISN'T ALWAYS BEST BUY
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CONDO AUCTION PRICE ISN'T ALWAYS BEST BUY
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Newspaper Article
CONDO AUCTION PRICE ISN'T ALWAYS BEST BUY
1992
Overview
The intuitive appeal of a condo auction (apart from the irrational hope of getting something for nothing) is that the open bidding will provide a realistic sense of what the real estate is worth in the market. But this auction - and, [Orley Ashenfelter] suspects, most condo auctions - did anything but: By waiting a few days, buyers could have had the same units for an average of 13 percent less.
Publisher
Tribune Publishing Company, LLC
Subject
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