The Great House Giveaway..

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Discussion

James-06gep

Original Poster:

242 posts

79 months

Tuesday 27th October 2020
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Is anyone watching this? It’s boiling my p***!

In a nutshell, 2 strangers get given a house (from auction) to renovate. The house is usually a complete basket, and they have 6 months to renovate, market and sell it.. or it goes back to auction.

Sounds great on paper, but most of them are complete helmets. At least one leaves half way through, sometimes both.

And my favourite part is the budget breakdown at the end. They’ll buy a sub 100k house, spend 12k on it, and the fees will apparently be £15k laugh

Oh and no, no one makes any money!

James-06gep

Original Poster:

242 posts

79 months

Tuesday 27th October 2020
quotequote all
Mikebentley said:
I saw one the other day and the “fees” were £23k. What’s that about? What rate are they applying to the “borrowed” money? Seemed extortionate level of costs.
They’re so extortionate, I’m wondering if they’re taking all the VAT off the renovation “budget” and putting it on as fees at the end.. there’s no other way you can spend more in fees than on the actual renovation.

James-06gep

Original Poster:

242 posts

79 months

Tuesday 27th October 2020
quotequote all
Today was a cracker.. 40k loss.. bought for 160k, spent 40k on it, sold it for 160k. Nice one!

Some scum bag did vandalise the place though to be fair.

James-06gep

Original Poster:

242 posts

79 months

Thursday 29th October 2020
quotequote all
They need to rename it the great house stitch up..!

They set them up for a loss every single episode.