Chapter 1426 - New Trade (1/2)

Chapter 1426: New Trade

Translator: Nyoi-Bo Studio <i class="_hr">Editor: Nyoi-Bo Studio

For real estate auctions, thewas naturally the value of the property

The key factor in deter the value of the property was the potential for people to move into it

That was key After all, ed or had disputers

A money Instead, they liked to spend on credit Hence, fa was relatively s a house Hence, the bank would then retract the ownershi+p of the property

In some cases, it was because the house owners were unable to afford the property tax The property tax in California was lower, at around one percent That meant to say that if the house orth a million US dollars, the annual tax would add up to 10,000 dollars

The valuation of the house was deter it would proceed to evaluate the house A manor like that was easily estimated to be worth a few million Hence, the annual tax would amount of hundreds of thousands!

In any case, there were bound to be issues with the houses being auctioned Most of the owners would not have given up their property if they had a choice

Hence, they would naturally feel indignant that they had to sell their house at a low price Why must they do that? If I cannot have it, others should not be able to have it either, was the prevalent sentie the house

For exa all the pipes with mud or destroy the electrical circuit in the house So other tactics

That one reason why there were few people in the real estate auction trade Not only would one have to be rich, but they also had to be capable Otherwise, the ownertrouble

Of course, that could be resolved by law and by the police However, the other party ht play tricks If they had babies, elderly or sick people in the family, the police and court would not be able to evacuate the property

The manor, however, was e to check out the place The electrical circuit, water pipes, ay and gas pipes were fine After so seen the manor, Li Du left, satisfied He then headed to the next house

His priority in attending the auction was to find a place to live in If he could make money, it would be even better He had realized that the little bug was much more suitable for this trade The conditions of houses were far easier to review than warehouse contents

The eleven houses up for auction were in Santa Monica The one closest to the manor was a small villa that sat on a lot of 240 square kiloe and a garden

When Li Du arrived in the district of the villa, the security guard stopped hi a bribe, but the guard persisted in rejecting it Instead, the guard becaatherthat, Li Du waved Lu Guan over Guan said helplessly, “Seeet in Let me check if I can connect with anyone frouards and said, “No need for that, watch e his car and came back with a Ferrari Superfast He sped over and screeched to a stop at the door of the villa Then he put his head out of thearrogantly and said, “Open the door! Couard went forward and spoke politely, “How do you do, sir? Excuse me…”

“Fck, I have no time to talk Hurry and open the door for me!” Li Du scolded “Don’t provoke h, now!”

The guard looked at the brand-new luxury car and after some hesitation, opened the automatic door

Li Du whipped out a hundred-dollar bill and shoved it into the guard’s hand “Guess you know your place”

The guard smiled It seemed like these richto be on his best behavior in the hope for enerous tips