Yesterday in the UK a property auction was held, run by an American company and conducted in an upbeat, high-energy American kind of way.
The lots were all repossessed properties i.e. people, families had been evicted for failing to keep up with their mortgages, as the recession bites deeper.
Thus the predators were there, individuals looking for a bargain and property speculators looking for the same...............all at the expense of the people made homeless after eviction.
The company was charging 10% on the sale price of the lots....so a nice little earner for it!
Moral of the tale? People are not born nasty, capitalism makes it inevitable.
The lots were all repossessed properties i.e. people, families had been evicted for failing to keep up with their mortgages, as the recession bites deeper.
Thus the predators were there, individuals looking for a bargain and property speculators looking for the same...............all at the expense of the people made homeless after eviction.
The company was charging 10% on the sale price of the lots....so a nice little earner for it!
Moral of the tale? People are not born nasty, capitalism makes it inevitable.
