3. Cable Programming Is Not the Same as a Proper Education or Apprenticeship
CNBC brought us play-by-play coverage of the tech/Net bubble and daytrading phenomenon. In recent years, courtesy of the ever-expanding cable television landscape, the likes of HGTV and TLC popularized shows such as Designed to Sell, House Hunters and Flip That House, and as a result, a whole new generation of couch potatoes got into real estate (see the Marginal Moron Rule).
With these shows, what starts off as informative or entertaining programming slowly morphs into a collective conscious of speculation. The lesson: Don’t mistake or substitute cable programming for a rigorous education or apprenticeship in a particular investment field
Without shows like that to distract my wife, she might notice that I spend most of my time playing Halo 2 (and now Halo 3). She is on board with me as to what is going on in the real estate market, the big pain is coming, what we are experiencing now is the calm before the storm!
I love how all these shows (what you get for the money, etc.) are pro-real estate, they generally make things sound rosier than they are.
Good times ahead. Well, at least for me or the majority of us on this site. Cash in hand and house prices coming down with a ton of home improvments made to them, thanks HGTV.
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