Homes Under the Hammer

lethal0r

PasturesNew wrote: »

I think I remember that one - a short Asian man?
A first floor flat?

(might be wrong on Asian, I've never lived anywhere that wasn't 99.99% British white so I can get nationalities wrong)

yeah thats the one, think he was asian, wasnt a white guy anyway. I used to hate homes under the hammer but now I watch it all the time. It must be because I want to get a house soon! Plus I quite like the female presenter :] It all sounds so appealing, buy a house, do a few things to it, make £50k. Im sure its not as easy as it sounds. Especially now with dropping prices!

PasturesNew

lethal0r wrote: »

It all sounds so appealing, buy a house, do a few things to it, make £50k. Im sure its not as easy as it sounds. Especially now with dropping prices!

In the times they were doing it, some would have made more money doing nothing but holding onto it for a year.

If you look at the costs to buy/sell/finance a lot of them sailed very close to the wind, even with the benefit of a rising market. If you factor in those costs you can spot those that lost money.

Like Beenie's new programme series ... that seems to have been promptly pulled. Everybody must have been making a big loss so they couldn't get the OK from the people who started and thought they'd be quids in. The participants didn't want their deep indebted shame and stupidity to be shown on TV and run and re-run for the next 10 years.