Chapter 214 - 149: Bar Auction
Four people entered the court together, found seats near the front, and sat down. Mary had already reserved and paid the auction deposit for the bar on the official website, and all they needed to do was wait for the auction to start.
Soon, the auction segment arrived. With the arrival of the auction staff at the scene, they turned on the projector and began introducing the first item up for auction, an apartment located on West Street.
"This apartment consists of three bedrooms, two living rooms, one kitchen, and one bathroom. The owner, due to refusal to pay the loan and utilities, illegal drug trafficking, and assault leading to detention and sentencing, has had this property foreclosed. The apartment is well-renovated with complete appliances, and comes with a side door garage and parking space. The starting bid is 60,000 US Dollars, with each subsequent bid increment no less than 1,000 US Dollars."
Interested parties started bidding enthusiastically. Some were unable to attend in person and bid online instead. The price soared rapidly, soon reaching 260,000 US Dollars. Seeing this, Allen Zhang couldn’t help but marvel.
This is just an old apartment in an ordinary district, and the price is already terrifying. If it’s a standalone house with fine decoration, located closer to a bustling square, it couldn’t be less than a million US Dollars, let alone in the Rich District, where there’s no house selling for less than two million US Dollars.
In a slightly better off part of the Rich District, like the area where Olivia works, the average house price in the Crown District is five million.
With such house prices and income, it’s no wonder ordinary people can’t afford them.
Soon, the house was bought online for a price of 325,000 US Dollars.