Signs the high end is not immune - "Buy it Now" on McMonigle Group

Holy crap, this is gold.

<blockquote>

What is the McMonigle Group Certain Sale Program?

The McMonigle Group 90 Day Certain Sale Program is an innovative new residential real estate marketing and sales program designed to provide homeowners with a strategic, measured approach to selling their properties within 90 days. The Program uses an innovative online bid format to create excitement and urgency for property purchases among buyers.</blockquote>


So an E-Bay style auction system "to create excitement and urgency for property purchases among buyers" will somehow be sufficient to counteract the abundance of ridiculously overpriced listings along with a scarcity of koolaid financing?



THIS IS THE MAGIC BULLET!!!!!!!!!



Do you think the courthouse auction for McMonigle's $78mm Newport Coast monstrosity will have a "Buy it now!!!!" price?
 
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