? Are Red Hot markets cooling? |
| Real estate in IRAs ?
July 01, 2005
Cable's new Discovery
Discovery Communications, the cable tv network that brings us Animal Planet and The Science Channel, has discovered a new beast: the real estate speculator. A new show called Flip That House, premiering on the Discovery Home Channel, will feature real life stories about people rapidly buying and selling homes in the real estate jungle before they get eaten alive. In episode two, for example, homeowner Kelly goes over budget with a hip North Hollywood home purchased for $370,000. She ultimately sells it though for $549,000, netting her a $124,000 profit. I'm not sure what the life span of a show like this will be, but it beats watching insects mate.
Real Estate Culture
TrackBack URL for this entry:
Listed below are links to weblogs that reference Cable's new Discovery:
? Real Estate Reality TV from Seattle Property News
Forget the 16-week job interview -- why didn't Donald Trump think of this? Chris Palmeri of BusinessWeek's Hot Property blog reports ... [Read More]
Tracked on July 7, 2005 02:03 AM
TLC has a similar show called Property Ladder. I saw an episode where a guy turned a 2 bedroom Santa Monica condo into a 3 bedroom condo by splitting the master bedroom into 2 rooms. He made $88,000. I'm not sure if I'm disgusted... or jealous.
Posted by: amanda at July 6, 2005 03:02 PM
Find a hot property yet? I hear Santa Clarita is opening up...Maybe people should start investing in apartment buildings since no one can afford housing.
Posted by: Victoria at July 14, 2005 02:17 AM