I would be interested to see if many deals actually happen this way. My suspicion is that people are either actively looking to sell or are not interested in selling, and that there will be a very high futility ratio and a ton of lowball offers that take people's time, but hope I'm wrong.
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Four phrases I have coined that sum up today's hobby:
No consequences.
Stuff trumps all.
The flip is the commoodity.
Animal Farm grading.
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