Like that show “my house is worth what?” They’ll have a “real estate expert” (agent) pull really specific numbers out of thin air, such as spending $10k to finish a basement will add $15k to the house’s value.
We’re addicted to them anyway, just because it’s fun to see some of the houses and decor. It’s also good to remind us of why we live in San Diego, like when we see a house in the south with mosquito netting surrounding the pool.
I recently saw one of those “flip that house” shows with an especially ignorant agent. After the remodel, she told the flippers they could now list the house for something like $850k-$900k. It seemed like they were just out to film the happy flippers’ faces. When the credits rolled, it turns out that it sat on the market for 6 months and finally sold for $740k, and altogether they lost $130k.
