Today we held an auction for classroom real estate. The students really got involved, perhaps more than even I expected. The high bid was for lot #14, going for $14. A few people purchased multiple lots seeking to rent them out. The lots set aside for government housing weren't exactly coveted real estate. Those with more money tended to push the prices out of the range of those without. There are many things that came up during this simulation, once again more than I expected, and we'll be referring to this for some time.
We continued reading Schiff's book for about 30 minutes.
