I have read your Property Money post multiple times. I have some questions that are not disagreements but to determine if I understand your post.
Walking through your process:
- The government issues the landlord title to the house.
- The government asks for bids on the title.
- Investors place bids in escrow – property money deposits at 100% of the bid.
How is it possible to have a bid higher on any given property without a lower bid
somewhere else? The aggregate of all bids cannot exceed the current amount of
property money even if the rNPV of any or all the property actually increases.