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Debate House Prices


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Pointless property programs

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Comments

  • poppy10_2
    poppy10_2 Posts: 6,597 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Were they nice? Clueless? Done it before? Smug? Scared?

    To be honest, they were faily nice. I've seen some really smug proberdee developer t!ts on the show, but they seemed fairly genuine, and it was their first project. Shame they got burned, really.

    The second lot, the brothers who bought the flat next to Cardiff's millenium stadium, were more the standard annoying smug developer fare - talking about making loadsamoney quickly from climbing the 'property ladder'. They probably overpaid for their property at auction, paying £120k, although Martin kept gushing about what a bargain they had gotten. A lick of magnolia paint later and it gets valued at £179,950. They say they will achieve a quick sale and be quids in, but there's no record of it having been re-sold, and it's not on rightmove.

    Third guy was the most annoying of all - incredibly smug, and fitted every property developer stereotype going. Pays £142k for a Reading house, spends another £8k on redeveloping it, making a total spend of £150k. Gets valued at £160k by both EAs, but he insists it is worth much more. Never resold, he's renting it out to build up capital value.

    N.B. brand new series in the new year - should be even better bear food!
    poppy10
  • poppy10 wrote: »

    N.B. brand new series in the new year - should be even better bear food!

    Any idea when the new series starts?
    "The happiest of people don't necessarily have the
    best of everything; they just make the best
    of everything that comes along their way."
    -- Author Unknown --
  • poppy10_2
    poppy10_2 Posts: 6,597 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Any idea when the new series starts?
    It's been on for the last two weeks. Car-crash viewing, it's great fun to see the property developers who bought in summer '08 suddenly realizing that a lick of magnolia paint and some laminate flooring is not enough to stop them from ending up with a loss of tens of thousands of pounds.
    poppy10
  • Excellent, thanks. Off to look it up on iplayer. :)
    "The happiest of people don't necessarily have the
    best of everything; they just make the best
    of everything that comes along their way."
    -- Author Unknown --
  • larmy16
    larmy16 Posts: 4,324 Forumite
    1,000 Posts Combo Breaker
    I like watching Andrew Winters in Selling Houses which pops up on the cable channels.

    First off I like the comments he makes "This is really horrible" and "You have a nerve putting your property on the market in this condition". I think they are quite old shows but I still like to see how all the changes he makes get (got) the property sold.
    Grocery Challenge £139/240 until 31/01
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  • john539
    john539 Posts: 16,968 Forumite
    Part of the Furniture 10,000 Posts
    Relocation, Relocation, Relocation is back with Krusty & Phil.
    http://forums.moneysavingexpert.com/showthread.html?t=1399331
  • Good way for the BBC to spend the TV Tax.........i mean License Fee
    end the tv tax
  • Conor wrote: »
    There's a new one on BBC about making profit from developing in a downturn that seems to use pricing from October this year.
    That a long title!

    If i was making one I'd call it

    Im a fat bird, trying really hard to not look fat ,but not as hard as phil is trying to not look gay, location location.
    Hi, we’ve had to remove your signature. The one where you showed us Dithering Dad is a complete liar. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE Forum Team
  • john539
    john539 Posts: 16,968 Forumite
    Part of the Furniture 10,000 Posts
    Looks like the genre of property hype programs are coming to a crashing & unceremonius end !

    Saw Homes Under Hammer today, people who bought were revisited in Sep 08 & were making massive losses.

    1) Man who bought large house in Torbay, knocked it down, built 10 flats.
    Can't sell them & refuses to lower prices.

    2) Some clueless couple bought an old police station in Ramsgate for £140k, had grand ideas for their project.
    Their renovation budget increased from £30k to £80k, total spend will be £220k.

    Estate agents valued property after works completed at £170k, giving £50k loss in 1st year.

    Oh dear.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    john539 wrote: »
    Pointless property programs.

    Why are they still on Tv ?

    Which ones are you referring to?
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