Years ago, when I was dabbling in property development, I discovered something about human nature which helped me find my little niche in the developer world. Like many others, I’d cut my teeth watching programmes such as ‘Homes under the hammer’ and tried going to auctions to find a property to buy. I’d look at the auction catalogue and visit derelict properties just crying out for some tender loving care. The problem was, I was not alone. Come auction day, I was inevitably outbid, and by large margins. The winning bidder, almost always male (of the alpha male type), would walk away wearing a victorious grin and leave me wondering how on earth they would turn a profit after having so massively overpaid for the property.
Source: Far from the madding crowd