In a lot of cases they screw those people in the long run.
Not the folks who get a new house with their mortgage taken care of.
the people still have no idea about money. They get screwed too
?Extreme Makeover? house faces foreclosure - Entertainment - Reality TV - TODAYshow.com
the people still have no idea about money. They get screwed too
?Extreme Makeover? house faces foreclosure - Entertainment - Reality TV - TODAYshow.com
How did they get "screwed" when they use the home as collateral on a dumbass business decision?
because they were basically handed $450k with no idea what to do with it. Had the makeover people just fixed what was wrong with their house they would never have been in the situation. Not necessarily their fault but they really want to build these huge houses for tv with no idea about the ramifications. There is never a house within blocks of the ones they built that was even close to the size.
We supplied one of the houses with fixtures and I got to see it first hand. The size and price of things they put into them was ridiculous
How did they get "screwed" when they use the home as collateral on a dumbass business decision?
There are other issues as well. utilities on some of these house have to be insane, Taxes on all of the prizes, and I still don't see how you can build a house that fast and it not have long term structure problems. Someone also mentioned the themed rooms that will look stupid once the kids grow up.
In most cases they genuinely help the family but not always.
Live in it and be happy living relatively debt free.
Did the company you worked for write it off as a charitable donation?
That's one reason they go so ridiculous with the houses.
the people still have no idea about money. They get screwed too
?Extreme Makeover? house faces foreclosure - Entertainment - Reality TV - TODAYshow.com