Before participating in the auction, Li Du had only wanted to buy two houses, a detached house and a manor. The former had some things he was interested in, and the latter was the house he was interested in.
However, after the auction started, he realized that the little bug was too powerful. It could control the whole situation in the real estate business!
The house-pickers did not dare to bid casually. They were worried that there was something wrong with the house. Tens of thousands or even hundreds of thousands of dollars would go down the drain. That kind of loss would be unbearable.
Li Du did not worry about that. He was cautious and checked everything about the house clearly. He might know better than the owner what was wrong with the house, so he could give the most accurate price for the house.
It was the same for storage auctions. However, at storage auctions, many of the items in the storage units were not worth much. There was no need for him to go through all that trouble. After all, it was quite complicated to clean up the storage units.
Houses were different. Each house had a profit margin of tens of thousands or hundreds of thousands of dollars. If he offered the right price, he could resell it and make a profit. He might be able to make millions of dollars in an auction.
This was different from storage auctions. With such a profit margin, any house was worth it. After all, the profit margin was too high!
He gave up on the second house. He took down the third, fourth, and fifth houses consecutively, spending a total of 550,000 dollars.
In other words, he took down four out of the first five houses!
The expressions of the house-pickers did not look good. It was like a catfish had entered a school of sardines. He was here to make a scene!
The sixth house was a detached house with an area of 200 square meters. It was also commonly known as a house. Such a house had a front and back yard, a basement, and a garage. Buying a detached house in the United States not only gave you the house, but also the land. It was the main part of the American housing market.
The location of the house was average. It was located at the edge of the city of Santa Monica. Transportation, living, and schools were not convenient.
Of course, the United States was different from China. Strictly speaking, there was no absolute difference between a city and a village.
In China, the environment in which people lived in cities was very different from that in villages. The city was a place where resources were concentrated. All the institutions were located there. Shopping, eating, work, entertainment, medical treatment, schooling, and resources were all better in the city.
It was different in the United States. Whether it was Los Angeles or Santa Monica, the city center was a relatively small place with a relatively concentrated population. Every city had its own satellite like residential areas.
Every residential area had its own set of living systems, including shops, restaurants, hospitals, schools, and so on.
Therefore, according to the introduction, the poor in the United States lived in the city center. They could not enjoy the elegant environment and private space. The rich lived in the suburbs or in the countryside.
However, this was not absolute. It was not that the city center was better than the suburbs or the countryside. It could only be said that there were pros and cons between them.
In terms of living, the city center was not a good choice for families. Many slums were in the city center, and some drug trafficking, robbery, shooting, and other violent incidents happened in the city center.
The location of the sixth house was average, but the surrounding environment was not bad, so the price was not bad. The starting price was 200,000 US dollars, and Li Du estimated that the market value would be 500,000 to 600,000 US dollars!
He was very interested in this house. After winning the previous houses consecutively, he became a little fanatical. Therefore, as soon as the auction started, he directly raised the price. "300,000!"
Increasing the price by 100,000 USD in one go was really ruthless. Many people were stunned.
The auctioneer was overjoyed. He pointed at him and shouted, "Alright, did I hear wrongly, buddy? You are bidding 300,000 USD, 300,000 USD from 200,000 USD to 300,000 USD. Looks like you are very confident about this house. Is there anyone who has the same confidence? How about 310,000 USD?"
The house-pickers were rich, but they could not spend money like that.
Most of their money was locked up in real estate. They did not have much money on them. Their liquid funds might be 1.8 million USD or even less. Moreover, their money was mainly from bank loans.
Under such circumstances, they had to live with their money. Once there was a problem with their cash flow, they would have to sell the house in advance. The house was a big deal. If they were in a hurry to sell it, they would have to lower the price.
To the house-pickers, selling the house at a lower price was a loss.
Li Du raised the price by 100,000 USD in one go, which meant that many people would have to spend one-tenth or even one-fifth of their available funds. That was very difficult to accept.
There were many people who were interested in the house. The price of 300,000 USD was still within their acceptable range. They gritted their teeth and bid, "310,000 USD!"
"315,000 USD!"
"F * ck, 320,000 USD!"
At this point, Li Du raised the price again. "350,000 USD!"
"F * ck!" "Sh * t!" "D * mn it!" "Son of a b * tch!"
Curses were heard all around.
Luther, who had recognized Li Du earlier, smiled coldly and said, "Didn't you all look down on him? Didn't you laugh at him for picking up trash? Alright, now open your eyes wide and see who's the one picking up trash! "
The house-pickers saw Li Du as a thief who had touched their cheese. They started to have a common enemy, and all of them made Li Du their target.
"355,000 USD!"
"360,000 USD!" Li Du raised the price.
"370,000 USD!" Someone followed.
"400,000 USD!" Li Du nodded nonchalantly.
The price of the house had reached 400,000 USD. That was the limit. If they continued to raise the price, it would be a huge risk. The house-pickers' faces turned red, but they had no choice but to back out of the bidding.
"400,000 USD, 400,000 USD, 400,000 USD, THIS FELLA HAS CALLED 400,000 USD. THIS IS THE KING OF THE DAY, IS ANYONE WILLING TO BID HIGHER? 410,000 USD? If not, 400,000 USD once, 400,000 USD once …"
The house-pickers did not dare to bid higher. 400,000 USD. Li Du took down another house.
The auction continued and the other house-pickers started to go all out. Li Du took down five of the first six houses, and only one of the last four houses.
Finally, the main event began. The real king of the lot showed up, the beach manor!
The starting price of the house was two million USD. Compared to the price of the manor itself, it was very low.
Li Du once again gave the house-pickers a vivid lesson about being a nouveau riche. He was the first to bid again. "Three million USD!"
This time, the house-pickers did not even have the mood to scold him. They all looked at him in shock.
Although the manor itself had a huge profit margin, raising the price by a million USD at once was still an earth-shattering move in the real estate industry.
"3.1 million USD!"
"3.2 million USD!"
"3.3 million USD!"
The big shots made their moves. Those who could participate in the sale of the manor were all millionaires. They were generous and had a strong presence.
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