Just what the world really needed- a show that glorified the idea that anyone could get rich quick by buying houses, throwing a few improvements in them, and then turn around and sell them at a huge profit! Get in on all the fun, after all, everybody is doing it and you can, too! Don't worry, this is the 2000's. Nothing can go wrong. After all, housing prices are going to go up at least 20% per year, forever! Aren't they?
Actually, this show should have served as a warning about just how insane the feeding frenzy of the housing bubble had become. It did nothing except glorify the idea that anybody, even the most rank amateur, could get rich quick off of house flipping. Only time will tell how many actually saw a profit, and how many got burned and lost their savings on what should have been seen as a bubble. However, this show should never be forgotten- it is a relic of the stupid optimism and a warning for those who want to participate in the next "can't miss" asset bubble, whatever that is.
Actually, this show should have served as a warning about just how insane the feeding frenzy of the housing bubble had become. It did nothing except glorify the idea that anybody, even the most rank amateur, could get rich quick off of house flipping. Only time will tell how many actually saw a profit, and how many got burned and lost their savings on what should have been seen as a bubble. However, this show should never be forgotten- it is a relic of the stupid optimism and a warning for those who want to participate in the next "can't miss" asset bubble, whatever that is.
