this post was submitted on 12 Apr 2025
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[–] pennomi@lemmy.world 179 points 3 months 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 74 points 3 months ago* (last edited 3 months 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 15 points 3 months 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 3 months ago

We're gonna need more Luigis!

[–] cows_are_underrated@feddit.org 7 points 3 months ago

Exactly. Auctions usually have a starting bid.

[–] Mirshe@lemmy.world 55 points 3 months 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 3 months ago

"Are these bidders in any danger?"

"Yes"

[–] corgifur@lemm.ee 3 points 3 months 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 3 months ago

~~someone~~

A multi billion dollar conglomerate you mean.

[–] Korhaka@sopuli.xyz 19 points 3 months ago

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

[–] Doctor_Satan@lemm.ee 8 points 3 months ago

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

[–] Bytemeister@lemmy.world 5 points 3 months ago

Come on down and check out your new property!