Saturday, July 7, 2007
Soon homes will be sold on eBay!
With no barrier to entry, there will be at least a couple or more serious entrants here. Maybe a "VirginHome"? But the established "marketplaces" like eBay and Amazon.... I am sure they too are thinking about it. There will be a lot of money to be made in the falling market, think about "repossession avoidance" packages, "bridge financing" at 20% interest ... and stuff. What a mess! What a show!