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jocohen

Homes Under The Hammer And Other Such Rubbish

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I caught one of the few daytime bits of trash property porn.

Again its almost laughable how a 2 second message points out how these auctions took place in 2006/7.

And most dangerously profit is defined as a estate agent valuation at the end of the programme.

Has anyone complained to the BBC about this rubbish.

A particularly funny one today where an old farmhouse was bought by a couple and they installed a stable first before restoring the house. Of course local estate agents decided this added 80K and the wife gleefully told hubbie 'i told you it was worth it'!

I know these programmes were made before the crash and the BBC needs to show them but it would be greater entertainment value if they could value them now and find out how many are still living there. Especially as many would have been funded through large mortgages.

Of course where people are trying to improve the area and bring up families i wish them luck. But the assumption 'they're making money' is one we need to get away from.

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Don't be silly, it's easy to make money from property. They do it every day on Homes Under the Hammer.

And it endorses the presenter's ( him with the hand movements) new book!

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I watched the one yesterday with the bungalow in Orpington, bought for £194.000 in Nov 07 spent about £25.000 on it and we're told they have accepted an offer of £250.000. So very happy with the £30.000 profit.

I tracked it down on the web and the sale never went though but they never bothered to update the program, let all the dreamers watching this believe the hype.

Sad really as the hubby had just given up a good job to become a full time property developer. :rolleyes:

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Add in they ignore auctioneers costs, mortgage fees, interest, solicitors and just about every other cost than the materials and valuations.

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I caught one of the few daytime bits of trash property porn.

Again its almost laughable how a 2 second message points out how these auctions took place in 2006/7.

And most dangerously profit is defined as a estate agent valuation at the end of the programme.

Has anyone complained to the BBC about this rubbish.

A particularly funny one today where an old farmhouse was bought by a couple and they installed a stable first before restoring the house. Of course local estate agents decided this added 80K and the wife gleefully told hubbie 'i told you it was worth it'!

I know these programmes were made before the crash and the BBC needs to show them but it would be greater entertainment value if they could value them now and find out how many are still living there. Especially as many would have been funded through large mortgages.

Of course where people are trying to improve the area and bring up families i wish them luck. But the assumption 'they're making money' is one we need to get away from.

I watch HUTH now and again when the pile of ironing is turning into a tsunami. Only way I ever get any done. ;)

It really annoys me when they miss off the date of the valuation or don't bother mentioning costs like mortgage interest, CGT, agents' fees, stamp duty, etc.

To be strictly fair, though, I've seen the odd case lately where the presenters do mention 'this difficult market' and where buyers have potentially made a loss, or certainly no profit after you take all the costs into account.

I loathe some of the punters, who just have pound signs in their eyes and eg demolish lovely family homes to bung a load of flats on, though from the purchase dates (eg early 2007) I guess some of these will have made hefty losses by now. :lol:

OTOH, whether they're going to live in them, rent them out or sell them on, I've got nothing against the people who buy hellholes and do them up with their own hard graft (as opposed to the professional developers who merely sign cheques.)

It is bloody hard graft, particularly if you're holding down a job at the same time, as quite a few do.

Good luck to them - most people just wouldn't have the energy or commitment.

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I watched the one yesterday with the bungalow in Orpington, bought for £194.000 in Nov 07 spent about £25.000 on it and we're told they have accepted an offer of £250.000. So very happy with the £30.000 profit.

I tracked it down on the web and the sale never went though but they never bothered to update the program, let all the dreamers watching this believe the hype.

Sad really as the hubby had just given up a good job to become a full time property developer. :rolleyes:

All those people who gave up real jobs for the illusion of making money for nothing deserve everthing they got coming to them.

The favourite comments when they don't get the valuation they want these days is always: "we'll rent it out until the market recovers" and "we won't bother improving it, we're only going to rent it out".

Edited by waitingscot

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I had the misfortune to catch 'The Unsellables' the other day - really, Sophie Allsopp is perhaps the most vile person I have ever seen on TV. Horrible.

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I had the misfortune to catch 'The Unsellables' the other day - really, Sophie Allsopp is perhaps the most vile person I have ever seen on TV. Horrible.

Worse than Krusty?!

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There was one on the other day from 06.

Nasty bungalow bought, done up and then valued at about £3k over the total spend - exluding fees, so a loss really.

The developer's reasoning for it being worth more?

It's worth more than that simply because of the amount of work and money we've put into it.

FOOL

Edited by pie-eater

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These repeats wouild actually be genuinely interesting and valuable if they added updated information on the actual prices or current valuations, bankruptcies of the speculators, etc.

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I watched the one yesterday with the bungalow in Orpington, bought for £194.000 in Nov 07 spent about £25.000 on it and we're told they have accepted an offer of £250.000. So very happy with the £30.000 profit.

I tracked it down on the web and the sale never went though but they never bothered to update the program, let all the dreamers watching this believe the hype.

Sad really as the hubby had just given up a good job to become a full time property developer. :rolleyes:

I really wondered about that one. The girl never broke a fingernail, and the whole family were at it! Which means they are all most likely screwed now.

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All those people who gave up real jobs for the illusion of making money for nothing deserve everthing they got coming to them.

The favourite comments when they don't get the valuation they want these days is always: "we'll rent it out until the market recovers" and "we won't bother improving it, we're only going to rent it out".

I think thats why i find them so offensive. These programmes make simple minded people give up their jobs and put their lives on the line. I've not met anyone for almost a year who says 'they dabble in property'. I guess because most of them are just about surviving with the low interest rates. But as other factors come into play things will change, especially unemployment and interest rate rises in the next 12 months.

I do pity for these greedy fools.

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I really wondered about that one. The girl never broke a fingernail, and the whole family were at it! Which means they are all most likely screwed now.

Was that the one with the young women who only put the most expensive fittings into the house (only half watching the drivel with a laptop permanently perched on knee)? She had been on HUTH before and looked the scheming bossy type and was saying that her husband had been "very settled" in his original job :unsure:

The presenter thought she was marvellous.

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Was that the one with the young women who only put the most expensive fittings into the house (only half watching the drivel with a laptop permanently perched on knee)? She had been on HUTH before and looked the scheming bossy type and was saying that her husband had been "very settled" in his original job :unsure:

The presenter thought she was marvellous.

Something was off, like they had got an actress in to play the part. Even if we were to believe the vague figures given, it did not seem enough to support the whole family and keep the business going. Something was right off.

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I watched the one yesterday with the bungalow in Orpington, bought for £194.000 in Nov 07 spent about £25.000 on it and we're told they have accepted an offer of £250.000. So very happy with the £30.000 profit.

I tracked it down on the web and the sale never went though but they never bothered to update the program, let all the dreamers watching this believe the hype.

Sad really as the hubby had just given up a good job to become a full time property developer. :rolleyes:

Did the same, hope the husband can get his old job back.

Watched the Unsellables today with Krusty mark two. I think it was her little sister. Place in Northumberland on for 505k. Dropped a massive 50k to 455k. No interest. They tart it up, programme ends. Prices quoted as 'Winter 2008'.

Had a look online, its now on for 395k! They don't tell you that at the end of the programme, why not? :D

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Did the same, hope the husband can get his old job back.

Watched the Unsellables today with Krusty mark two. I think it was her little sister. Place in Northumberland on for 505k. Dropped a massive 50k to 455k. No interest. They tart it up, programme ends. Prices quoted as 'Winter 2008'.

Had a look online, its now on for 395k! They don't tell you that at the end of the programme, why not? :D

Really ought to take notes and right the details down to track on Rightmove and post on a blog. Help totally discredit these programmes.

One of the presenters wandered around the area trying to find its plus/neg points. I'd have thought a distinct lack of jobs to pay the £400+k price was worth mentioning

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Remember this every time you watch it: it's made with your licence fee and it's unregulated.

Licence fee? What licence fee??!

;)

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The bloke who presents homes under the hammer was on Cash in the Attic today and was talking about how he got into the property game, saying that he bought a house which 'tripled in value in 5 years'.

He was basically letting on he was some guru and having a wee boast about his massive profits, when in fact he was just lucky and bought before a massive bubble.

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Really ought to take notes and right the details down to track on Rightmove and post on a blog. Help totally discredit these programmes.

Google street map is very handy for finding the correct house number.

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I always find the EAs that they get on that show t be very punchable!

It's the music they always play when the EA are rolled in, it touches a nerve after awhile.

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