Can we blame our Countries financial crisis on TLC, HGTV and A&E since they glamorize the house flipping fad.?
I’m sort of joking, but do you think this fad of house flipping and get rich quick through real estate schemes has contributed to our economic crisis. If you think about how the country went from a few infomercials you may catch at 2am every night to a full blown media, sale of how to get rich frenzy in the last few years, it is pretty incredible. When the real estate flippers realized there was more money in selling the dream to people rather than actually flipping houses…too many people bought into the “to good to be true,” teachings.
Of course I guess when a lot of these people started in these businesses they weren’t expecting the price of gas to raise 3 times its actual value… so maybe if that didn’t happen, it could have worked for more people.
What do you think?
You forgot to mention Bravo which has that house flipper Jeff Lewis plus that show about young real estate agents.
To be honest, people have been flipping houses long before these shows.
FBI Mortgage Minute: Flipping Schemes
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Claims against professionals arising from real estate flipping schemes.: An article from: Defense Counsel Journal $9.95 This digital document is an article from Defense Counsel Journal, published by International Association of Defense Counsels on January 1, 2009. The length of the article is 15644 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Cla… |
