House & Home (128)
Houses can go backwards
After many months without finding a buyer for his home, David Garcia decided to launch tupisoporuneuro.com , where potential buyers can bid for his house via reverse auction. The bids have a minimum of 1 euro and a maximum of 150 euros and the winner is whoever makes the lowest bid that is not repeated. The scheme works by charging bidders per bid allowing the operator to recoup the cost of the property and auction process.
Why it matters
The reverse auction trend has been buoyant for some time now, and now it appears to be property’s moment. As more and more buyers struggle to enter the market, will auctions become a route to affordable housing? What will this mean for property marketing on the whole?
Source: Europa Press
16. September 2009
A new breed of survivalists are growing their ranks in the U.S. They’re not the camouflage-wearing conspiracy theorists that might come to mind. Instead they’re piling up on things like non-perishable food, first aid, and batteries. These American families are responding to a collapsed economy by stocking up on necessities and making sure they have a plan in case of a natural disaster or pandemic. Some so called “preppers” say they’ve seen their friends and relatives lose their jobs and retirement savings, and they don’t trust that safety net if worse comes to worse.
After years of white, minimalist cabinetry, the kitchen is becoming more colourful as leading manufacturers tempt consumers’ palates with brighter colours and wider pattern choices.