Los Angeles, after all, was the largest metropolitan area in the United States, with more than 13 million residents in the metropolitan area alone and nearly 20 million in the greater Los Angeles area.
With such a population, a high number of houses was inevitable. There were millions of houses scattered in the area. Just in the metropolitan area, there were several real estate auctions every day.
This business was much bigger than that of warehouse auctions. There was always more real estate than warehouses around.
Although the number of warehouses to be auctioned was larger than the number of houses due to the mobility of the population, the auction frequency of real estate was higher. After all, the value of real estate was high, and the number of houses could not be accumulated over time. At most, 20 or 30 houses would be auctioned at a time.
