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Broker-Blogger Takes on Auction Site

When real estate auction site Bid on the City conducted its first $1 auction on Monday, broker-blogger Malcolm Carter was in the audience?and was distinctly unimpressed. Carter's comments on the auction provoked a lengthy response from the folks at Bid on the City, and the back-and-forth did not stop there. The feud is heating up over at Carter's blog. For example, Carter's answer to BoTC's third point (of seven): "Yes, a gap is common, even big gaps. But yawning chasms between asking price and offer have become far less frequent." Burn! [; previously]