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#1
01-28-2019, 05:21 PM
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Quote:
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#2
01-28-2019, 06:31 PM
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Quote:
It failed 12 years ago. It would fail again today.
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#3
01-28-2019, 06:37 PM
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Also look at the potential added revenue from auction sales. What if only 500 borrowers were able to drive the monthly auction price they bid on, whether they win or not, by JUST $100 on the $1000 + $500. That would be approx $100 @ 8% profit from fees for $8 x 500 borrows x 12 auctions, that’s 48K just by encouraging a little extra bidding.
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