Story By Uncle Monty.
Photos & Graphic By Alex Albion.
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Orthodox Jews with their two curls of jet black hair
at the side of their heads along with them wearing
their Yarmulkes or Kippas. Traditional male Hindus
with their tightly-fitted white and maroon turbans
and Bindis or Tilaks on those of female foreheads.
Nationalistic African men with their native shammas
Nationalistic African men with their native shammas
and antelope boots. Islamic woman wearing their dark
yashmaks or hijabs or khimars. And, stiffly married
English retirees with their plain hats and coy coats.
Such were among the motley crowd of Arabs,
Russians, Chinese, Eastern Europeans, and good-
ness knows who else, at the two property auctions
ness knows who else, at the two property auctions
I have attended at the English capital to find out
what it was really all about for those
bargain hunters for homes.
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At first, I was surprised at the number of women
bargain hunters for homes.
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At first, I was surprised at the number of women
bidders present over their male counterparts. And, I
was even more surprised at finding some of the property
bidders looking so sinister, so seedy and so unsavoury,
that I would be almost scared of having as my landlord.
Their suspected traits of Rachmanism (Peter Rachman,
1920-1962) seemed to be their evident
characteristic to me.
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Most of the properties up for auction were hardly
grandiose. Many were located in the worst post codes
of inner and outer London and the Home Counties.
Some looked like derelict properties to me from the
photos I saw inside the two free property catalogues
Some looked like derelict properties to me from the
photos I saw inside the two free property catalogues
containing 240+ pages between them. Others were
homes scattered largely out of town in other parts like
depressed Northern England, at far off flung hamlets
depressed Northern England, at far off flung hamlets
in Scotland, and at dreary former coal mining towns
of central Wales. Properties in other parts of Western
of central Wales. Properties in other parts of Western
and Central Europe were also up for bids.
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The Property Auctioneers.
A good many of the 500+ lots of dwellings or business
properties or open land among the two auctions I
observed were noticeably by Order of the Mortgagees.
While others came by order of various councils or housing
charities like The Peabody Trust. Some of the properties
I almost wouldn’t even want, even if they were free.
They were that bad to me. But those bargain hunters
for homes, nevertheless, soon snapped the up …
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I wasn’t sure if such were “bargains” or not, since I
I wasn’t sure if such were “bargains” or not, since I
know so little about property buying or real estate.
But I’m sure bad economic times, like now, bring out
vicious sharks to the property market to rip-off
those poor devils who have lost their own
those poor devils who have lost their own
homes due to their financial hardship.
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With thousands of mortgaged property owners in
Britain having their homes and businesses reposs-
essed at an ever rapid and alarming rate due to the
present all-embracing credit crunch and broken
financial markets, property auctions seem to be
booming for those who want or seek to buy cheap.
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Personally, if I had a spare couple of hundred thousand
quid, I wouldn’t even think of buying any property in
the UK. Such property prices are truly outrageous
and totally mindless compared to buying the same
and totally mindless compared to buying the same
or better properties abroad or in North and South
America. You almost have to sell your soul to get
on the property ladder in England thesedays.
on the property ladder in England thesedays.
And, you’ll never get any spare change from such
investment unless you’re one of those in the pro-
perty Big League or simply very lucky. In fact,
the individual, non-professional, property owner
the individual, non-professional, property owner
seems to be losing, and not gaining, profit on their
investment or long standing purchase of their own
home in Britain of today. Rather, many are now
in negative equity if they’re still making inflated
in negative equity if they’re still making inflated
payments on their fixed mortgaged property.
Each day seems to get grimmer for them.
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But those bargain hunters for homes may well
But those bargain hunters for homes may well
be at their hey and hay day, while rental pro-
perty is also booming because many folkz
have opted out, either by choice or force,
not to buy a house or business at
this time.
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Some of the bargain hunters for homes.
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Some of the bargain hunters for homes.
Anybody who is a novice and planning to buy at
any property auction would be best to first attend
such auctions to get some clearer understanding
of the dangers and pitfalls inherent in bidding and
buying such property, like a house or a business
or land, by such a method.
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Read very carefully all the written instructions and
obligated requirements needed to actually participate
in those public auctions before you even consider
participating. Learn the legal obligations and pro-
perty jargon and all the financial and tax impositions
on you when buying at property auctions. Beware
that you could quickly become unstuck if you
make a property mistake that you’ll pay for dearly.
that you could quickly become unstuck if you
make a property mistake that you’ll pay for dearly.
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Caution is the key word and property knowledge
is the best safeguard against making any future
error(s) when bidding and buying. Don’t, in other
Caution is the key word and property knowledge
is the best safeguard against making any future
error(s) when bidding and buying. Don’t, in other
words, become penny-wise and then pound foolish.
Auctions can gobble you up in no time, if you don’t
Auctions can gobble you up in no time, if you don’t
watch it. If you’re not in personal control, then
the auction will control you … The auctioneers
love those who they can control at their pro-
perty auctions above all else … It brings them
love those who they can control at their pro-
perty auctions above all else … It brings them
greater profits at the expense of such foolish
and ignorant bidders and buyers.
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One last word or so, DON'T buy any property
unless you've actually seen it to inspect it before
the auction no matter how dirt cheap it is or how
appealing it may be. Would you wed someone
you've never actually seen or looked at? Of
course, not. The same applies, in my opinion, to
buying property, a business or land or any-
thing ... Make sure you've seen it with your
own eyes, first. Another simple lesson before
the auction of your property dreams is to go
and visit as many properties that you can that
may fall within or near the scope of your de-
sired home or business or land. And, above
all make sure you have enough money spare
to be one of those future bargain hunters for
homes. If you don't have the financial resources
or means, don't waste your time at property
auctions for they'll bring you no good happi-
ness along with a sense of compounded
jealousy and even perhaps anger. Wait for
another day. The sunshine always comes.
sooner or later. So don't fret ...
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Perhaps then some rich unknown uncle or
aunt in America will pop-up from nowhere
and leave you in their will a nice homestead
at the Texas Panhandle or at the Prairieland
of the mid-West or perhaps even some
English cousin will leave you property in
the dulldrums of Dartmoor or Exmoor ...
Nice thought, yeeeeeeeeep?
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So, happy property auction days are here
again for those with good, old-fashioned,
cash in hand ... to bid their way all day
to their own hearts content.
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Cheers everybody, Uncle Monty.
+After Apostles Simon and Jude, 2oo8.
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