This Policy Artificially Inflates Property Values

It’s time to get rid of blind auctions

Photo by Ante Hamersmit on Unsplash

Imagine a bakery that sells bread by auction rather than at a fixed price. This morning you are in attendance, looking for something to put your avocado on. A few minutes into the auction a perfectly golden multi-grain loaf appears on stage. There is usually only one of these per day, just what you have been waiting…