Comments on: Real Estate Sign of the Times http://www.fivecentnickel.com/2006/10/30/real-estate-sign-of-the-times/ personal finance tips, tricks, and commentary Sun, 22 Nov 2009 02:21:27 -0500 http://wordpress.org/?v=abc hourly 1 By: Rick Marnon http://www.fivecentnickel.com/2006/10/30/real-estate-sign-of-the-times/comment-page-1/#comment-110485 Rick Marnon Wed, 14 Nov 2007 20:53:45 +0000 http://www.fivecentnickel.com/2006/10/30/real-estate-sign-of-the-times/#comment-110485 Flipping houses is a very difficult and dangerous game. People that are uneducated want to get into it because they hear stories about the guy that makes a ton, but they don't hear about the person that went under because of trying to flip houses. Rick Marnon Flipping houses is a very difficult and dangerous game. People that are uneducated want to get into it because they hear stories about the guy that makes a ton, but they don’t hear about the person that went under because of trying to flip houses.

Rick Marnon

]]> By: Emily http://www.fivecentnickel.com/2006/10/30/real-estate-sign-of-the-times/comment-page-1/#comment-106016 Emily Mon, 05 Nov 2007 17:24:46 +0000 http://www.fivecentnickel.com/2006/10/30/real-estate-sign-of-the-times/#comment-106016 This show is actually a few years old and started during the housing boom. Most of the epesodes are taped in Canada. As for those other flipping shows... has anyone seen property latter for the past few seasons. People are lucky if they break even. Its sad sometimes when people try really hard, but most of the time I like to laugh at the stupid people who dont have a clue and dont make any money. This show is actually a few years old and started during the housing boom. Most of the epesodes are taped in Canada.

As for those other flipping shows… has anyone seen property latter for the past few seasons. People are lucky if they break even. Its sad sometimes when people try really hard, but most of the time I like to laugh at the stupid people who dont have a clue and dont make any money.

]]> By: David http://www.fivecentnickel.com/2006/10/30/real-estate-sign-of-the-times/comment-page-1/#comment-68407 David Wed, 21 Feb 2007 21:29:53 +0000 http://www.fivecentnickel.com/2006/10/30/real-estate-sign-of-the-times/#comment-68407 I was watching one of those episodes and there was this girl who was completely clueless doing a flip. She paid too much, picked a bad location, got expensive contractors, didn't have a plan, went way over budget, etc. It was pretty much everything you're NOT supposed to do. However, since she was in California, her house magically appreciated by $60,000 while she was flipping the house, thus covering her stupidity and handing her a nice profit. It makes for good TV. Plus, they don't even factor in Realtor fees and other transaction costs. Thus the investor appears to make more money than they actually keep. Again, it sounds nice on TV. I'd like to see people flip houses in more realistic real estate markets ... like Denton, Texas for example. Appreciation is a modest 3% and average days on the market are between 3 and 6 months. Average selling prices are about $150,000 for 2000 square feet. Try flipping that! Now THAT would be a show worth watching. And the following segment could be all the wanna-be flippers who failed and had to deal with a foreclosure or sell it for a loss just to get rid of it. I was watching one of those episodes and there was this girl who was completely clueless doing a flip. She paid too much, picked a bad location, got expensive contractors, didn’t have a plan, went way over budget, etc. It was pretty much everything you’re NOT supposed to do. However, since she was in California, her house magically appreciated by $60,000 while she was flipping the house, thus covering her stupidity and handing her a nice profit. It makes for good TV.

Plus, they don’t even factor in Realtor fees and other transaction costs. Thus the investor appears to make more money than they actually keep. Again, it sounds nice on TV.

I’d like to see people flip houses in more realistic real estate markets … like Denton, Texas for example. Appreciation is a modest 3% and average days on the market are between 3 and 6 months. Average selling prices are about $150,000 for 2000 square feet. Try flipping that!

Now THAT would be a show worth watching. And the following segment could be all the wanna-be flippers who failed and had to deal with a foreclosure or sell it for a loss just to get rid of it.

]]> By: Flat Fee MLS Marketing http://www.fivecentnickel.com/2006/10/30/real-estate-sign-of-the-times/comment-page-1/#comment-60848 Flat Fee MLS Marketing Sun, 21 Jan 2007 08:07:17 +0000 http://www.fivecentnickel.com/2006/10/30/real-estate-sign-of-the-times/#comment-60848 A market downturn could really make for some interesting reality shows. A market downturn could really make for some interesting reality shows.

]]> By: Emma http://www.fivecentnickel.com/2006/10/30/real-estate-sign-of-the-times/comment-page-1/#comment-32297 Emma Thu, 02 Nov 2006 05:01:50 +0000 http://www.fivecentnickel.com/2006/10/30/real-estate-sign-of-the-times/#comment-32297 Well, this show is not really new. I think it's in it's 2nd or 3rd season now on HGTV. What I like about the show is that it brings up a lot of the things people do wrong in terms of selling their homes. Well, this show is not really new. I think it’s in it’s 2nd or 3rd season now on HGTV. What I like about the show is that it brings up a lot of the things people do wrong in terms of selling their homes.

]]> By: Alain Wong http://www.fivecentnickel.com/2006/10/30/real-estate-sign-of-the-times/comment-page-1/#comment-32006 Alain Wong Tue, 31 Oct 2006 19:06:42 +0000 http://www.fivecentnickel.com/2006/10/30/real-estate-sign-of-the-times/#comment-32006 When every channel has a real estate show, that means to me that the housing market has peaked (last year). This herd mentality is very much similar to the nasdaq bubble days when every book store were selling get rich books and we all know what happened next. When every channel has a real estate show, that means to me that the housing market has peaked (last year). This herd mentality is very much similar to the nasdaq bubble days when every book store were selling get rich books and we all know what happened next.

]]> By: Debt Free http://www.fivecentnickel.com/2006/10/30/real-estate-sign-of-the-times/comment-page-1/#comment-31781 Debt Free Mon, 30 Oct 2006 16:06:29 +0000 http://www.fivecentnickel.com/2006/10/30/real-estate-sign-of-the-times/#comment-31781 The Real Estate Sign of the Times is "Price Reduced" The Real Estate Sign of the Times is “Price Reduced”

]]> By: HC http://www.fivecentnickel.com/2006/10/30/real-estate-sign-of-the-times/comment-page-1/#comment-31778 HC Mon, 30 Oct 2006 15:05:47 +0000 http://www.fivecentnickel.com/2006/10/30/real-estate-sign-of-the-times/#comment-31778 Maybe Casey Serin could host. Maybe Casey Serin could host.

]]> By: Blaine Moore http://www.fivecentnickel.com/2006/10/30/real-estate-sign-of-the-times/comment-page-1/#comment-31775 Blaine Moore Mon, 30 Oct 2006 14:45:38 +0000 http://www.fivecentnickel.com/2006/10/30/real-estate-sign-of-the-times/#comment-31775 Repossess my home...heheh...I'd probably watch an episode or two of that... Repossess my home…heheh…I’d probably watch an episode or two of that…

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