We believe the only way for a person to protect themselves is to invest in land which traditionally has proven to be reliable during inflationary periods. The unprecedented expansion of the money supply could make the 1970s look benign.
(PRWEB) December 7, 2009 -
BillyLand, a nationally recognized leader in real estate auctions, celebrated the ninth anniversary of the launch of BillyLand.com, a Web site that offers investors, companies and individuals a safe, cost-effective way of purchasing real estate online.
For more than 30 years, BillyLand has been a leader in real estate auctions. The last nine years has seen the development of BillyLand.com, where investors and families can view the more than 100 properties available across the United States.
"We are very proud that BillyLand.com has been the success that it has in the online real estate auction market," said Billy Tropp, spokesperson for BillyLand.com. "The real estate market has changed a lot in the nine years we've been online - nevermind the 30 years we've been in the industry - but BillyLand.com continues to be one of the strongest, most cost-effective ways to purchase homes or land online."
Today, one of the more popular methods organizations are using to liquidate their properties is through auction sales. From developers and investors to non-profit organization and private individuals, real estate auctions have become one of the most popular ways to save money on their real estate purchase.
A few misconceptions, however, still exist, namely that all properties offered for sale at an auction are 'distressed properties'. The truth is most auctions come to be because the seller decided to use an auction sales format because it is of sound business economics, and the properties being offered are no different than those they offer through other sales channels. The auction format reaches a greater number of qualified buyers in a relatively short amount of time, and a seller can dispose of a large amount of inventory in just a few days.
Sellers also understand that the auction sales format offers the buyer multiple advantages. For example, an auction with people bidding against each other is a reliable way to establish the 'True Bid Value' of a property, which allows a winning bidder the best price and gives the winning bidder the assurance that they can resell for the same amount or more when they wish.
BillyLand believes everyone should take advantage of the current real estate market and the best way is through an auction.
Tropp said: "We believe the only way for a person to protect themselves is to invest in land which traditionally has proven to be reliable during inflationary periods. The unprecedented expansion of the money supply could make the 1970s look benign."
It is difficult to estimate the magnitude of the inflationary and interest-rate consequences of the Fed's actions because America hasn't seen anything like this before. Tropp believes what's happened is potentially far more inflationary than were the monetary policies of the 1970s. The percentage increase in the monetary base is the largest increase in the past 50 years.
"All these recent measures taken by the Government may result in potentially double digit inflation. Everyone should take advantage of today's low land prices to protect themselves." Tropp concluded.
For more information or to register and bid today, please visit http://www.BillyLand.com.