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Old 01-06-2009, 10:22 PM
 
Location: CA
830 posts, read 2,430,902 times
Reputation: 1011

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Quote:
Buy a house assuming only one income is needed to pay the mortgage, even though there really are two income earners in the household.
So what if there only is one income earner? Then you shouldn't buy a house? That's irresponsible? Bah.

I'm doing fine One person, one income, a mortgage that costs me no more than rent was costing me, with a lot better quality of life.
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Old 01-07-2009, 03:51 AM
 
Location: USA
2,593 posts, read 3,678,909 times
Reputation: 2223
"My house is worth what?" is the funniest show on there.

Here's your average homeowner on that show...

"I got an 1,800 sq. ft. home here that was built in 1964 & hasn't been updated since, so it needs A LOT of work. Think I can get $900,000 for it?"

The only people I know who like that network channel are gay.
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Old 01-07-2009, 05:22 AM
 
Location: Central CT, sometimes NH.
3,605 posts, read 5,333,426 times
Reputation: 3816
The show I can't stand is My House is Worth What? It shows people who often bought homes in 2003, 2004, 2005, or even 2006 for $400,000, $800,000, $1,500,000 or more and are looking for a "big gain" based on their often superficial improvements to their home.

First of all, the prices of these homes are hardly reflective of the vast majority of home prices outside of the priciest areas of the US. Second, the expectations of what a decent appreciation amount is(even in the face of a declining market) are unrealistic. Finally, the "If I were to list your house today" figure and the host's "Wow, you've made $$$$" response are particularly annoying because nobody sold anything and the list price may have absolutely nothing to do with what they actually sell the house for nor does it even take into account the costs of selling, such as commission, that the seller would incur.

I also wonder where all these supposedly regular people are that own these homes whose prices can only reasonably be supported by the top 7 to 10% of our population? If everyone was as well off as the people on HGTV would lead one to believe we should have no problems in our economy.
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Old 01-07-2009, 05:23 AM
 
Location: Central CT, sometimes NH.
3,605 posts, read 5,333,426 times
Reputation: 3816
Quote:
Originally Posted by OhioNative View Post
HGTV is real estate porn!!!
LOL! So true!
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Old 01-07-2009, 05:35 AM
 
Location: Central CT, sometimes NH.
3,605 posts, read 5,333,426 times
Reputation: 3816
Quote:
Originally Posted by GloryB View Post
In an odd way...you are exactly correct. I bet half of America upgraded their kitchen counters to granite and had to buy stainless steel appliances just because of HGTV. I realize the network is designed to sell products, but the longer you watch it....the longer you will be dissatisfied with everything in your own home.

When home owners are foolish enough to think putting in new bathroom appliances just added $50,000 to their home....something is bound to go terribly wrong down the road with their expectations. To make it worse, they just refinanced the little bit of equity they finally built up in their home.

It is a crazy cycle that so many people seemed to have fallen for and now reality has hit the fan.
Recently, in addition to their "those (relatively new, perfectly fine, white/black) appliances must go! Buyers are looking for stainless" and "you need to replace those counter tops with granite" they've added "those (beautiful, maybe 4 year-old) oak cabinets have got to go! They're dated!"

I almost fell out of my seat when they painted over and/or ripped out practically brand new oak cabinets in a recent show. That is just plain stupid. Who in their right mind would ever prefer oak cabinets in a 4 year-old house be painted white?

I guess the cabinet manufacturers must be suffering a real slowdown to try and convince owners of 4 year-old homes that their kitchen cabinets are "dated."
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Old 01-07-2009, 06:14 AM
 
4,182 posts, read 5,914,072 times
Reputation: 1726
Quote:
Originally Posted by bigcats View Post
So what if there only is one income earner? Then you shouldn't buy a house? That's irresponsible? Bah.

I'm doing fine One person, one income, a mortgage that costs me no more than rent was costing me, with a lot better quality of life.
Then buy a house that matches half your income. If you make 60K, that means mortgage should be 90k (3x30), which will get you into a modest sized condo.
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Old 01-07-2009, 06:24 AM
 
4,182 posts, read 5,914,072 times
Reputation: 1726
Quote:
Originally Posted by Lincolnian View Post
Recently, in addition to their "those (relatively new, perfectly fine, white/black) appliances must go! Buyers are looking for stainless" and "you need to replace those counter tops with granite" they've added "those (beautiful, maybe 4 year-old) oak cabinets have got to go! They're dated!"

I almost fell out of my seat when they painted over and/or ripped out practically brand new oak cabinets in a recent show. That is just plain stupid. Who in their right mind would ever prefer oak cabinets in a 4 year-old house be painted white?

I guess the cabinet manufacturers must be suffering a real slowdown to try and convince owners of 4 year-old homes that their kitchen cabinets are "dated."

Ripping out 4 year old perfectly fine oak cabinets in the name of "renovation" is the epitome of the wastefulness of our culture. Childless couples buying 3500 sq ft homes with 5 bedrooms is another example. Talk about inefficiency and waste, not to mention environmental degradation! Illegal aliens who pack 3 families into one 1800 sq foot home are at least using every square inch of living space and not leaving anything to waste.
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Old 01-07-2009, 07:14 AM
 
Location: Central Maine
4,697 posts, read 5,691,261 times
Reputation: 5023
I watched the show about "flipping this house" once, figured it was something I had no interest in, and moved on. I don't care for many of the designing shows - matter of taste, and limited finances.

But I think some of the other HGTV shows are very good, especially ones that take the time to show you how to do things yourself.

My wife and I enjoy House Hunters, partly to see what's out there in other parts of the country, and partly for amusement (as in, there's no way in hell we'd spend THAT much money for a house like THAT! )

And House Hunters International is really interesting, not for the prices but just to see what houses and condos look like in other countries.

The article says that "HGTV is an evil empire..." Well, that's just ridiculous. If people didn't watch, the shows wouldn't be there. Ya don't like it - don't watch it.
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Old 01-07-2009, 07:29 AM
 
4,610 posts, read 10,339,688 times
Reputation: 6772
We blame everyone but ourselves for our own stupidity.

It's HGTV's fault we are in the housing crisis?

I also hear it's the Realtors fault, the banks and the appraisers. (they made us buy that house)

Oh and it's McDonald's fault we are fat. (they made us eat their food)

We are all just poor victims. It's everyone elses fault but our own, poor us.
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Old 01-07-2009, 07:34 AM
 
Location: Central CT, sometimes NH.
3,605 posts, read 5,333,426 times
Reputation: 3816
Quote:
Originally Posted by ndfmnlf View Post
Ripping out 4 year old perfectly fine oak cabinets in the name of "renovation" is the epitome of the wastefulness of our culture. Childless couples buying 3500 sq ft homes with 5 bedrooms is another example. Talk about inefficiency and waste, not to mention environmental degradation! Illegal aliens who pack 3 families into one 1800 sq foot home are at least using every square inch of living space and not leaving anything to waste.
Extremely wasteful. If a realtor came into my house and suggested I paint over/rip out my beautiful oak cabinets that look just as good as they did when I installed them 14 years ago I would show him or her the door. I recently installed some granite counter tops to complement my oak cabinets and they look beautiful with my 14 year-old fully functional almond/black appliances. LOL!
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