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A comment on Canada bans foreign home buyers for two years. Parent comment

Re:Canada bans foreign home buyers for two years by hallway_monitor on Tuesday April 19, 2022 @10:50AM (#31083922)
That's what I was thinking. In theory it should be a better system. Submitting a bid significantly over the asking price and then losing to another higher secret bid is very disheartening.
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Re:Canada bans foreign home buyers for two years by __alexs on Tuesday April 19, 2022 @11:45AM (#31084706)
They should use a Vickrey auction. Then you can bid very high and only pay as much as the 2nd highest bid.
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