Rental property auction or when Ebay meets Zillow.

[Solomon Johnson]

Once I've found this article: http://www.independent.co.uk/life-style/gadgets-an...

The main deal: Imagine a website, where tenants can bid against each other to get the better flat/house? Or tenant can overcome somehow his bad credit/background report with plus 200$ bid?

Surfed about this start-up on the web and opinions are strongly different. Someone call it unfair, someone - innovative. What do you think? Can it provide better competition and as an outcome - better service from landlords? Let's discuss

[Jennifer T.]

Huh!  What a fascinating idea.  I haven't heard of it.  I could see this being a great idea for landlords in very high demand rental markets, like SF or NYC.  I suppose it might be okay in softer markets.  Though I would see it more as a way of vetting potential tenants and not so much an "auction" situation.