I'll start it off....
Pluck out 2 people with no experience and give them £250,000 to buy and sell property in a stagnant market.
A recipe for disaster - which is just what the producers wanted... and got... in spades.
there own 250k they were using.
Car Crash TV of the finest quality.
there own 250k they were using.
Yes it was pathetic the way that woman was crying, at that stage I thought it was her money having missed the start of the program and not seen it before.
better quality would have been if it was their money.
And what were those guys doing buying a shoebox for 24k?
Here's what really annoys me about those programmes, when people rope in friends and relatives, sometimes for extensive periods, to help. Its not as if their their friends/relatives house they are helping with, they are just being unpaid labour for people taking advantage of them.
Damn! I don't get channel 5 so I missed it. A pity as, like many, I'm pissed off with all these people on Property Ladder being 'rescued' by market price rises, having done an unprofitable development.
Daytona
Got to agree, even when they make a profit its a pity they dont detail what it often equated to, for many I've seen had they worked a few hours in the evenings at the local burger bar they'd have made more money than in the 5 or 6 months its taken them, working 24x7, to do up a house.
Despite the disasters along the way, the two couples in the previous series both came out with a profit, which IIRC included a deduction for interest on the money they were lent.
tim
Wasn't it like 30k profit between two people, working full time, excluding interest, travel and all the free guff they get from companies for plastering it all over TV, and that was in a buoyant market. It didn't exactly come across as easy money, no doubt even they now see that when the TV cameras went home and the enthusiasm invariable wanes.
Apparently these 'investors' are now leveraging their properties to buy shares :-
True, this is rather bizzare. One could perhaps understand if all the proceeds were going to charity. I guess it's just something about property. If I were running a cleaning business, I would hardly go round expecting friends and family to come and help me clean some floors for free just to improve my financial wellbeing.
Rody
To be fair, you are here not accouting for the value of the education gained (and hence potential future earnings) and the enjoyment to be had doing up the house as opposed to flipping burgers.
Property Ladder has to be the the most frustrating one to watch though. Every week the presenter (experienced developer) tells the contestants exactly what and what not to do, and every week they ignore her and end up in trouble. Well, almost every time.
Rody
Agreed, it would be interesting if they could get two nearby houses, one with the usual idiot who wouldnt know good advice if it bit them, (the producers must select people on this basis I think) and one who took the advice, to see the difference.
In message , Rody writes
Bit like "How to be a Property Developer" then
In message , "tim (moved to sweden)" writes
I'm pretty sure they caught the end of the rising market and, IIRC, the profits werent much.
Were they around £15K and £28K.
In fact, one of them bought a bungalow on College Road near me, and got planning permission for some flats, so this was definitely still in the rising market..
I am amazed that they got the permission, and i wondered if the show had anything to do with it.
Bit like the ladies in last night's show who mysteriously received a free loan of furniture from a shop, whose frontage thene featured on the telly...
I love the way Sarah Beeny always extols the virtues of 'dressing' up the newly refurbished property for sale, but never include the costs of so doing in the budget. I once looked into doing it myself, and checked out the furniture hire company cited on C4's Property Developer site - the cost for a 2-bedder, for the minimum hire period of 12 weeks, came in at about 3500 GBP IIRC!
David
Bloody Hell! I furnished a 1 bed city centre flat for less than £3K in June. Reasonable stuff aswell.
Didn't they try that with that with "the block".
And then they spoilt it by making them fight over tools and go out on late night parties.
tim
Could it be that they had to wait 4 weeks to get their money out of the Bristol property but the production company still needed to produce some coverage?
Ian.
In message , Richard Faulkner writes
That must have a lot of furniture in it. I could buy an awful lot of stuff for £3,000.
With these programs I think the companies must see the TV cameras and suddenly double their prices.
See for yourself - here's the link:
In message , " snipped-for-privacy@privacy.net" writes
It's a flash flat, so flash furniture and included a washer/dryer. I usually kit out a 1 bed for about £1000 and a 2 bed for about £1600, not including washer/dryer, dishwasher and fridge/freezer at another £700, (figures off the top of my head).
Most of these 'apartments' are so small it's no wonder you can deck them out so cheaply. You couldn't physically fit 3k's worth of guff into those places.
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