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A lot of people in America is looking for a quick buck. Real estate flipping was very successful in the last decade with cheap money. There are entire TV channe

A lot of people in America is looking for a quick buck. Real estate flipping was very successful in the last decade with cheap money. There are entire TV channels ( yes, channels, not shows) showing flipping and renovation in various ways. Many Americans are so tired of the rat race that they are lured by the glory of being able to get off the treadmill and riding off to the sunset. Bubble economies help fuel that dream

black_13 4y ago
dwater 4y ago
It’s a magnet for people who want to make a lot more money than they are qualified to get through salaried positions. You don’t need education, specialized skills, credentials, status, or connections to succeed. But you do have to be savvy because it’s a very complex business with many pitfalls. So it attracts people with few other opportunities for success, and a typical trajectory I’ve seen multiple times is they get successful quickly in a rapidly rising market, overextend and over leverage themselves, start cutting corners and committing small fraud to keep the gravy train rolling, and then lose control and collapse spectacularly when circumstances go against them (due to a softening market, failing marriage, substance abuse, etc).
samsolomon 4y ago
The people who host those shows are extremely good. They are excellent designers or builders and have connections to specialists for landscaping, architecture or whatever area they are deficient in. Not only that, but they know how to market themselves.They have an HGTV show because they were able to get the word out about their work. The other part of that is that I don't think most realize how much work something like that takes—it basically is a full-time job. I've got an endless list of projects for my own home and I'm not doing anything close to knocking down walls or updating the kitchen.

black_13 4y ago

dwater 4y ago

It’s a magnet for people who want to make a lot more money than they are qualified to get through salaried positions. You don’t need education, specialized skills, credentials, status, or connections to succeed. But you do have to be savvy because it’s a very complex business with many pitfalls. So it attracts people with few other opportunities for success, and a typical trajectory I’ve seen multiple times is they get successful quickly in a rapidly rising market, overextend and over leverage themselves, start cutting corners and committing small fraud to keep the gravy train rolling, and then lose control and collapse spectacularly when circumstances go against them (due to a softening market, failing marriage, substance abuse, etc).

samsolomon 4y ago

The people who host those shows are extremely good. They are excellent designers or builders and have connections to specialists for landscaping, architecture or whatever area they are deficient in. Not only that, but they know how to market themselves.They have an HGTV show because they were able to get the word out about their work. The other part of that is that I don't think most realize how much work something like that takes—it basically is a full-time job. I've got an endless list of projects for my own home and I'm not doing anything close to knocking down walls or updating the kitchen.