Posted to The Age (22/10/2010) on 22/10/2010 at 10:51 AM
Commenting on “Auction super Saturday”
When buying many things ranging from a dress to a car, potential buyers research from various sources, e.g. Google, magazines, friends; then shop around, feel and touch the items, test them, and ask about the warranty. However, many home buyers are quite happy to write out a deposit cheque at an auction after looking at the property for a total of no more than 3 hours (including prior inspection).
If one spends a few hundred thousand dollars without going through a proper evaluation process, then he/she can blame no one except himself/herself for his/her irrational behaviour due to arrogance and stupidity (definitely NOT ignorance).
Perhaps some people do have money trees growing at their backyard!
