Extreme Home Makeover (needs an) Extreme Concept Makeover
from WSB in Atlanta….
Extreme Home Makeover House Threatened With Foreclosure
An Extreme Home Makeover may be going bust. The first metro family who got a new home is facing foreclosure.
“Beazer gave them $100,000 cash, paid their mortgage off and they still can’t make it," said Oswalt.
SLIDESHOW: Before-and-After (whoa nelly!)
It’s been awhile since I caught a whiff of Extreme Home Makeover, second-hand. Honestly, even when they had a truly hard-luck story, I felt the production was wayyy over the top, like spraying cheese-in-a-can on filet mignon.
But I might watch a version of Extreme Home Makeover if it emphasized:
- creative space-saving techniques - make the most of a limited floorplan.
- bang-for-buck landscaping - make the yard sparkle on a weekend budget.
- alternative energy sources - for sustainability and lower, more stable costs.
Shouldn’t the goal of a show like this be to keep ongoing expenses as reasonable as possible: property taxes, utilities and "stuffitis" (or the environment that encourages it)…?
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What many people do not understand about these things is that, unless the circumstances dictate otherwise, the recipient is responsible for not only paying state and federal income taxes on the velue of the items received, they are also responsible for the real estate taxes associated with the homes. The same thing has happened with contests such as HGTV where they give away a home, but the property is valued at such an amount that the winner is unable to pay the taxes and maintain the real estate taxes on it so they end up losing it. Yes, the idea is good and thoughtful, but if someone is unable to maintain a home that is in shambles, how could they ever pay the taxes associated with the proeperties? The simple answer is that in most instances they cannot and either have tax liens filed against the properties or as in this case, the funds donated were used for something other than the intended purpose of the gift (an apparently poor business decision) and the situation is exacerbated.