Harry, a contractor, and his wife, Mattie, an interior designer, loved watching HGTV. They decided to flip a house in a pricey area in Southern California and started looking for a fixer-upper to buy. “If those idiots on HGTV can do it, we can too,” Harry told Mattie. Of course, Mattie wholeheartedly agreed.
It didn’t take them long to find a house that might fit the bill. The place was in a serious state of disrepair and could, therefore, be had for a price well below market. Believing that the house had tons of potential, they decided to take the plunge.
Based upon his many hours watching HGTV, Harry estimated that it would cost about a hundred grand to turn the place from a dump to a palace. Given what they paid and neighborhood comps, he was sure they would make a tidy profit.
What Harry and Mattie didn’t know was that the true costs of renovations on HGTV are based upon working with suppliers and contractors who work at deeply discounted rates in exchange for publicity.
Harry and Mattie ran out of cash about halfway through the renovation. And that was when the bank foreclosed on Harry and Mattie.
Written for today’s Sunday Photo Fiction prompt from Susan. Photo credit: C.E. Ayr.