Chapter 1441 Sweep (1/2)

The two of them obviously bore offense for what Li Du had done to them the day before. They wanted to take revenge but did not dare to do so. Hence, they lent the might of Wolf King Logan's to deal with Li Du.

Li Du did not know if what they had said really came from Logan. He could not go over and ask, and could only hazard a guess.

The auction started and proceeded based on chronological order. The first auction was for a cod-angled house.

Cod-angle was a direct translation. Such houses were first erected near the codfish area on Massachusetts Beach. Hence, its English name was Cape Cod.

The Massachusetts Beach was by the sea and the weather there was harsh. There were often storms and strong winds and hence, such houses were designed. The house was symmetrical and had a simple layout. There were not too many decorations and the roof was steep. Typically, the houses were one-story or one and a half story high. They were able to withstand the rain and wind well.

Bellaire was not too far from the sea either. Summer and winter seasons brought rain and wind to the area. Hence, there were plenty of such houses and in addition, the cod-angle houses were easy to maintain. Although the materials used were not aesthetically pleasing, they were tough and durable. People who did not have much money liked staying in such houses.

Li Du remembered that house. It was not very high and there was a bronze-painted door in the middle of it. The window was protected by shutters and there was a big chimney in the middle of the roof.

The house did not look impressive but it was durable and strong. Although it was already more than twenty years old, it was still able to provide a comfortable dwelling people who lived inside.

Li Du shot a look at the group and said softly, ”Within one hundred and fifty thousand.”

The auctioneer shouted, ”You guys are clear about the situation of the house, so I won't say more. You guys know more than me. Therefore, I will go directly to asking for bids. How does everyone feel about fifty thousand, isn't that low?”

That price was indeed low. A few real estate buyers were ecstatic and they raised their hands:

”51,000 dollars!”

”I will fork out 52,000 dollars!”

”55,000 dollars!”

Seeing that there were so many people interested in the house, the house-pickers frowned.

In an auction for real estate, the house-pickers were most afraid of regular real estate buyers. Those people were in need of the house and were not bidding for profits. Hence, they often inflated the price.

”Seems like this house is about to come into the hands of those roosters,” a house-picker lamented.

'Rooster' was the nickname that the house-pickers gave to those regular estate buyers. The name could have come about because roosters loved snatching food from each other. The act of raising the bids by the regular estate buyers was considered by the house-pickers as snatching away their morsel.

Another house-picker shook his head. ”It has just started. This house can be sold for two hundred grand. Bid higher and see how it goes.”

The competitive bidding began. From 55,000, the price went up to 80,000, 90,000, 100,000 and it had all happened in under two minutes.

At 100,000, the bidding slowed down. The house-pickers had valued the house at 200,000 dollars. However, it was impossible for them to really bid for the house at such a high price. They needed profit margins. Besides considering the amount of profit margin they could get, they also had to adjust their bottom line according to the potential risk that they might run into.

Overall, the most the house-pickers would pay was around 120,000.

The treasure hunters continued to bid and Li Du had already made up his mind about his threshold. Naturally, 120,000 would not stop him from bidding. A few of his people called out their bids. As long as there were house-pickers or estate buyers who bid, they would out-bid them.

”120,000 dollars,” a house-picker raised his hand.

Big Beard Carl yelled, ”121,000 dollars!”

”122,000 dollars,” a real estate buyer called out.

Dickens yelled, ”125,000 dollars!”

”130,000 dollars!”

”135,000 dollars!”

”…”

The bids continued to rise and the house-pickers started to drop off the bidding competition. The amount had reached a point higher than their bottom line after considering risks. Taking down the house at such a price was too risky.