Just to make sure everyone realizes how crazy the supply and demand real estate market is in Fairfax...
The place we bid on (which was a max bid of $532k and so the other people beat that by who knows how much (will in a couple of months when the sale is registered)) was purchases by these guys in late July of last year for $470k. They had AT LEAST $62k in equity. $62k for SEVEN MONTHS. IT WASN'T EVEN THEIR MONEY THEY WERE PLAYING WITH!!! IT WAS THE BANKS!!!
Argh, crazy, crazy, crazy. Not happy.