TheMan

The never-ending quest to cut brokers out of real estate transactions has made it to Hoboken, and the Post's real estate blog, Home Page. On it, Max Gross writes about Velocity, a new two-building development that looks like an old schoolhouse, and has what must be the most entertaining "building history" section of a website ever. On June 24th in Jersey City, 40 of the building's 128 condos will be auctioned off to any and all comers, what has to be a first for non-DEA-seized new construction. "We'd rather let [buyers] establish a price in the market," the developer told Gross. Bidding starts at $295,000 for one-bedrooms, and $395,000 for two-bedrooms. If they really want buyers to establish the price, there should be no minimum, right? We'd pay a cool hundo to live in the 'Boken.