He won, packed up, and probably went to another auction.  

I would draw a circle around 30 minutes of you in all directions (not into the water of course) and then 60 minutes and run some data there first before packing your money up to ship off to a market you don't know.

If you eyeball how full the parking lot is on historic google street view, has it gone from always packed 10 years ago, to half full 5 years ago, to 1/4 full today? 

You can pack two 400 sqft homes into one 40ft shipping container. 

Chris,For the large multi family investments, I want to see the deal pack first so I can screen for location, project class, projected cash on cash and IRR, and proposed value add method. 

This included paying for storage pods, hiring movers to help pack and load her belongings, and purchasing flights for Anna and her adult son, who has special needs.

For example, in our lake house, we do a full wine box packed with snacks and a couple of drinks.

When I say current housing prices are beyond affordability of average Americans I refer to median household income of ~$79K. 32% of the homes bought not by your average Joe Six Packs, but paid in cash by high equity individuals, hedge funds and investors.

We were thankful to be able to pivot quickly and move the opening and closing events indoors (and even have to extend the closing event because of a jam-packed dance floor and people asking for an encore!)

Not everyone can just pack up and leave to a different state: people have jobs, families, etc. and many want to stay in the same school district for their kids.