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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Talking about the "Big Boys" and their insane bidding... Posted by Ward-CA- on December 25, 2003 at 11:38 PM In Reply to: Ward, Happy Holidays! posted by Elsa-CA on December 25, 2003 at 7:14 PM : Hey, : I've been studying the "Big Boys" at the Norwalk sales and still don't understand how they make any money overpaying for these properties. It seems that you have to start with at least $500K to play this game. Ward, how do they do it? ================= Elsa, I know that the “Big Boys”, as you characterize them, bid much higher than ordinary, but they are involved in a combination of motives, such as “forward pricing”, “keeping their crews busy”, and “posturing” for the sake of competition, that you and I aren’t involved in. And so their bidding seems ludicrous to us. Most bidders, like you and I, require that each individual deal make sense on its own merits. We don’t take competition to such dizzying heights. When will it stop? When the market becomes a lot less predictable and loses a lot more of its steam. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Hey, : : I've been studying the "Big Boys" at the Norwalk sales and still don't understand how they make any money overpaying for these properties. It seems that you have to start with at least $500K to play this game. Ward, how do they do it? : ================= : Elsa, : I know that the “Big Boys”, as you characterize them, bid much higher than ordinary, but they are involved in a combination of motives, such as “forward pricing”, “keeping their crews busy”, and “posturing” for the sake of competition, that you and I aren’t involved in. And so their bidding seems ludicrous to us. : Most bidders, like you and I, require that each individual deal make sense on its own merits. We don’t take competition to such dizzying heights. : When will it stop? When the market becomes a lot less predictable and loses a lot more of its steam. : Hope this helps. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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