Posts: 1,955
Threads: 100
Joined: Aug 2005
the filliping shtick is very harmful to the long term residents of wherever it is.
drives up taxes
their kids cant afford homes in the area
then the area crashes ( sometimes done on purpose by real estate investor's.)
ghetto phase
then sell the now undervalued home to flippers
repeat
Posts: 14,145
Threads: 424
Joined: Aug 2012
quote:
Higher property values should help your keiki. You will be better able to afford an education for them, which in turn will allow them to afford a home where they choose to live.
For some reason I read this as "they will be able to afford to move away, since home will be far too expensive".
I also tend to think that the usual margins in "flipping" would quickly be spent dealing with County permitting shenanigans, HELCO fees, and premium materials costs.
Posts: 1,955
Threads: 100
Joined: Aug 2005
there was a Japanese developer on Oahu pulling the old block buster scam a few years ago. and it seemed no one there had a clue what he was up to
Posts: 155
Threads: 2
Joined: Aug 2010
"Flipping houses" used to be done by professional carpenters and was not "flipping", it was legitimate restoration work. These programs bring every novice get rich lazy idiot with a few extra bucks out of the woodwork to half a$$ once over a home and flip it. Most of these novice idiots never realized they could have sat on the home for 2 months and turned a profit through the over inflating market values.
Posts: 2,465
Threads: 316
Joined: May 2008
Little late. The Whale house (In HPP) was flipped into a VRBO a few months ago
@gypsy69: I know Desi, bought several properties with her. The Desi in the show was not the Desi we know. She had to stick to a script - woulda been a lot more interesting and fun show is she was allowed to wing it.
Puna: Our roosters crow first
Posts: 272
Threads: 3
Joined: Jan 2014
quote:
Originally posted by lavalava
quote:
Originally posted by Delta9r
I quit watching TV years ago...
"Life is labor, and all that is good in life comes from that labor..."
Hooray for you - but did you have anything to actually add to the conversation or did you just want some recognition for your personal media viewing habits?
Pot, meet Kettle. Kettle, Pot.
"Life is labor, and all that is good in life comes from that labor..."
"Life is labor, and all that is good in life comes from that labor..."
Posts: 3,188
Threads: 216
Joined: Sep 2007
anyone one watching the discovery gold prospecting series? ..... the Bering sea series makes Alaskans seem like a bunch of greedy unstable speed freaks
And locally it seems the Pig Hunters of hawaii are slandered in much the same way - holyweird should stay in holyweird - we have no need for exploitation
Posts: 70
Threads: 8
Joined: Oct 2013
The more I watch the Hawaii shows on HGTV the more I think that they are all setups. The last show I watched showed a couple looking for an "off the grid" home in Hawaii (Puna) and were told that the "bare minimum" they would have to spend was $200K. I thought that was ridiculous! I could understand if they wanted to be on the water with all the amenities but they just wanted something plain with an acre or so.
Another episode featured a family with a stay at home Mom, 6 kids and a Dad who sold used cars on Lanai. Their budget was 500K and they wanted to keep their payment under $2500 a month. Really? With six kids? I dunno, maybe they were lottery winners or something, just sounds doubtful to me.
I think these shows are really just advertisements for the real estate websites. (
www.hawaiilife.com anyone?)
Posts: 14,145
Threads: 424
Joined: Aug 2012
quote:
The more I watch the Hawaii shows on HGTV the more I think that they are all setups.
Good one -- it's not just HGTV, nor is it limited to Hawaii.
American Idol, anyone?
Posts: 70
Threads: 8
Joined: Oct 2013
