Thursday, February 7, 2008
watching a crash happening in real time
FT watching this HPC blog site again.. "Couldn’t do this the last time house prizes went into a sharp downward spiral, about seventeen years ago. But now you can watch it from your desktop, over a lunchtime sandwich. Go to Barnard Marcus online auction here. Enter your name and email address (simple as that, no registration) to see what sells and for how much - if they sell at all, that is. On Thursday, dozens of properties either remained unsold or changed hands at a substantial discount to the last recorded sale price. As of 2pm, London time, the auction was about half way through some 260 lots."