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That warning has been on for quite some time. To me, that show, Flip That House is a warning for people who want to rent if they can't sell a house. Some of those families who left the house should not have had a house at alll; they do not have the brains to take care of one.
As for the show, it is good in that it shows how to upgrade to the neighborhood, not go overboard as do most of the programs. |
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“Drivin' that train.....” Since: Dec 07
Downers Grove ISP: Vermilion, OH |
This made me really think. I wonder if TLC, DIY and HGTV will begin to alter their programming to more realistic-for-the-times shows? The flipping era is long over, and it seems that the "Flip that House" type shows are past their point of relevance.
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Coming next season: Flip That Burger.
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Do not be afraid. Our fear is their biggest weapon and if we take it from the they are powerless.
Who are "they"? Only YOU can answer that question. at the risk of being politically incorrect may I suggest prayer? |
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One more thing - it might not be a bad idea to not watch TV (sorry for the split infinitive) for a while.
Be not afraid |
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Saluki Rod, I doubt the flipping era is "over". I agree the massively speculative and highly profitable flipping that went on in hot markets like Miami may slow down-- for now.
However, in secondary markets where home values are dropping considerably, I think there will be an increase in flipping-- simply because one can buy a house at market value or lower, invest a nominal amount of money to improve the property, then sell it at a decent profit. |
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“Drivin' that train.....” Since: Dec 07
Downers Grove ISP: Vermilion, OH |
Yo Tony, you make a good point. However, after seeing 3 houses in my neighborhood (mid-priced for Downers Grove) sit vacant for upwards of 9 months, I feel that the 'little guy flipper' is out of commission for now. You're right though, this would be an awesome time to buy low if you have the luxury of being able to ride out the downward wave. |
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