Property auction
by Penny on January 6, 2008
Recently I came across the first property auction website by a bank. Inspired by Robert Kiyosaki’s Rich Dad, Poor Dad on his investments from buying foreclosure properties, I thought this could be as close as it gets.
I browsed through the site but was disappointed at what were available. They either offered the properties at their market value or slightly below. And the properties were nothing to shout about. Well, nothing that you want to shop about anyway. Not the kind you could make an investment from.
I’m just waiting to see how this unit of the bank performs. Does anybody buy any of their unwanted properites?
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A little bit about Penny, author of this blog
I want to learn the art of creating, managing and preserving wealth. It's not as easy as ABC but I believe it can be done well with lots of determination, discipline and perseverance. To date I've written 211 posts relating to money matters on this site.
I own a blogshop, Penny's Online Shop, offering trendy ladies apparels at very reasonable prices. I also write a shopping blog, a mummy blog as well as a contributor to a health & wellness blog.
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