this post was submitted on 12 Apr 2025
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[–] pennomi@lemmy.world 186 points 2 weeks ago (6 children)

If you tried that today, someone online would come in and buy up that property. We have no defense against monetary predators like we used to.

[–] DarkCloud@lemmy.world 77 points 2 weeks ago* (last edited 2 weeks ago) (2 children)

I'd think banks probably just have a reserve price these days (a minimum price they'll accept on the property).

[–] Hozerkiller@lemmy.ca 16 points 2 weeks ago (1 children)

"In other news an auctioneer was beaten to death by a mob of farmers today after not accepting a bid."

[–] DarkCloud@lemmy.world 7 points 2 weeks ago

We're gonna need more Luigis!

[–] cows_are_underrated@feddit.org 7 points 2 weeks ago

Exactly. Auctions usually have a starting bid.

[–] Mirshe@lemmy.world 55 points 2 weeks ago (3 children)

Pretty much this. Penny auctions worked because you had to physically be in the room, which means it's far easier for your friends and neighbors with guns and other implements of violence to tell the bank rep "hey maybe you should sit this one out bud" when they show up.

You know, because of the implication.

[–] SkyezOpen@lemmy.world 36 points 2 weeks ago

"Are these bidders in any danger?"

"Yes"

[–] corgifur@lemm.ee 3 points 2 weeks ago

Mac: “It’s foolproof, dude!—nobody’ll bid when see my sweet ninja moves!”

Charlie: “Yeah, and I’ll huff some paint to really sell the unhinged vibe!”

Dee: “How will that help?”

Dennis: “Because, Sweet Dee… of the implication.”

[–] riodoro1@lemmy.world 21 points 2 weeks ago

~~someone~~

A multi billion dollar conglomerate you mean.

[–] Korhaka@sopuli.xyz 19 points 2 weeks ago

Strange, ever since that oligarch brought that land it keeps catching fire.

[–] Doctor_Satan@lemm.ee 9 points 2 weeks ago

Sure we do. We just need a lot more of this:

[–] Bytemeister@lemmy.world 5 points 2 weeks ago

Come on down and check out your new property!