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Oakland Developments Resort to The Auction Block

Deal seekers might consider letting go of their SF-centricity and swapping the 415 for Oakland, where both Shadow Woods (East Oakland hills) and Jade (downtown Oakland) are auctioning off units this coming weekend. A minimum bid of $220k to $259k will get you in the game, and units are expected to move at around 75 percent of their original cost; the Broadway and Market Square developments are shilling hard, too, with M.S. offering to pay six months' worth of HOA dues— and mortgage payments. Desperation, or smart business? No matter. [SF Schtuff]