Chapter 1472 Being Attacked (1/2)
Los Angeles, after all, was the largest metropolitan area in the United States, with more than 13 million residents in the metropolitan area alone and nearly 20 million in the greater Los Angeles area.
With such a population, a high number of houses was inevitable. There were millions of houses scattered in the area. Just in the metropolitan area, there were several real estate auctions every day.
This business was much bigger than that of warehouse auctions. There was always more real estate than warehouses around.
Although the number of warehouses to be auctioned was larger than the number of houses due to the mobility of the population, the auction frequency of real estate was higher. After all, the value of real estate was high, and the number of houses could not be accumulated over time. At most, 20 or 30 houses would be auctioned at a time.
The auction was followed by another in the metro area on Monday of the second week of September, when more than two dozen more houses were put up for bidding.
Li Du was not daunted by the previous two auctions, and he took the treasure hunters to the auction again.
There were more houses up for sale. Meanwhile, more people in the business, and at Logan's urging, the local real estate dealers of Los Angeles, formed a massive alliance against Li Du and his men.
Logan with a group of select dealers was there just to follow Li Du's bids. Li Du participated in the auction and met Logan again.
They failed again in this auction, and Li Du got nothing. Fortunately, he urged the treasure hunters not to fight with the real estate dealers just for the sake of winning, so they would not fall into a trap and bid at a loss again.
Of course, even a person with a good temper will get angry. The real estate dealers attacked them with sarcastic words, and the treasure hunters were hot-tempered men. When they were thus insulted, some of them could not help trying to compete in the bidding.
This was the trap. After they made their offer, the tenant would usually stop bidding, and eventually, the houses would fall into the hands of treasure hunters. Most often, these houses were garbage with no transaction value.
As he led a group of dejected treasure hunters out of the auction hall, Li Du bumped into Logan, who smiled and said, ”It seems I was wrong to look down on you, man. It appears like you have some guts.”
Li Du said without caring, ”It doesn't matter, we have nothing to lose. We are here to open our horizons and gains some experience.”
Logan said, giving him the thumbs up, ”You have a great attitude. I like you, Chinese man, but you are too much of a jerk. I hope you come to real estate auctions more often. I expect your mind will be a lot more open in a few years.”
Li Du looked at him and said, ”Well, I don't just make money on real estate. If you know a little about me, I live in a manor that cost ten million, and I don't care very much about this small profit or loss. I have many ways to make money.”
Logan scanned the treasure hunters around him with an odd smile. ”Of course I know that. You're rich. But what about your men? Not only do they lose money, they don't make any. I want to see what you can do.”
With these words, he left with his men trailing behind him.
Tulis said angrily, ”I wish I could smash his teeth in. Listen to that bastard. He thinks he's God.”
Ollie said helplessly, ”He has a point, though. Li, how are we going to make money in the future?”
Li Du said, ”Don't worry, I have other ways of making money, and so do you. Is it because we have attended too many real estate auctions that you have forgotten our old carrier?”
”You mean warehouse auctions?”
Li Du nodded. ”Go back and rest, there will soon be an auction event in California. I will tell you which warehouse is valuable. These days I have been studying this auction, and I'm telling you this time we have a lot to do!”