Re:Canada bans foreign home buyers for two years
by shuntress on Tuesday April 19, 2022 @10:11AM
(#31083370)
I think you mean a reverse Dutch action. Which is almost a regular auction.
In a Dutch auction (regular dutch auction. Not reverse.) there is no second bidder. The price starts too high and drops until the first bidder to decide the price is low enough (as it drops) buys.
In a Dutch auction (regular dutch auction. Not reverse.) there is no second bidder. The price starts too high and drops until the first bidder to decide the price is low enough (as it drops) buys.