First, what is the competitive advantage of this auction house? This method of auctioning houses belongs to individuals after bankruptcy. Because there is no way to repay the debt, his house is used to pay off the debt. Although its area is small, only 73 square meters, it belongs to the old city of Wuhan. In addition, there are perfect supporting facilities around, such as hospitals and school districts, so its price is very high, and the prices of surrounding houses are basically around 40 thousand yuan.
Second, his transaction price is not high. I would say that the transaction price is not high, mainly because the final transaction price is 37,000 per square meter. In fact, as can be seen from here, everyone still has scruples about the auction house. Because everyone knows that after buying a house, it is necessary to completely empty the house. Sometimes the original landlord will sign a long-term contract renewal in order to disgust the next owner. Because the sale does not violate the legal provisions of the lease, it will lead to the current owners can not directly force them to leave.
Third, how do you view the increasing number of auction houses? With the increasing number of auction houses, it can be seen that most people's repayment ability is gradually declining. On the one hand, because the bank's loan interest is relatively high, on the other hand, because the market is depressed, many people are insolvent after failing to invest and will choose to auction assets. So I hope everyone can be rational when investing.