Mesa real estate agent stars in Discovery Channel’s ‘Property Wars’
Doug Hopkins in 'Property Wars'
With other bidders in the background, Mesa real estate agent Doug Hopkins takes part in an auction for a property in this scene from Discovery Channel’s “Property Wars.” [Photos courtesy of Discovery Channel]
Doug Hopkins in 'Property Wars'
With other bidders in the background, Mesa real estate agent Doug Hopkins takes part in an auction for a property in this scene from Discovery Channel’s “Property Wars.” [Photos courtesy of Discovery Channel]
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Hotcopone posted at 12:26 pm on Wed, Jan 9, 2013.
Firs off, the show IS NOT reality.. it's a scripted TV show and it's all set up. Almost none of it's real...
So don't take it so seriously.. All the reality shows on tV are not reality.. They want you to think they are.. Duhhhh
BrokerRDBK posted at 11:34 am on Wed, Jan 9, 2013.
I am compelled to respond to the Realtor above who disapproves of investors and the Realtors who work with them, and the Realtors who are them. The Phoenix economy is driven by investors. Everything you own was once an idea backed by an investor. Those new-builds? Investors! You are inexperienced and small-minded to complain about investors, and your last sentence verifies it.
There are quite a few of my agents who buy-fix-flip properties. And I will tell you that
(a) It's not "lipstick"
(b) It's not easy.
Flips are a full-time job requiring experience, tons of research, a large capital investment, a team of contractors, and a little luck.
These Realtor investors are not in your pocket, so dry up that crying towel of yours and do something the industry can take pride in.
PhoenixAreaRE posted at 9:43 am on Wed, Jan 9, 2013.
Because of guys like this and "glorifying reality shows" like Property Wars the rest of the world thinks this is easy. In addition, the "lipstick" they put on these houses is only meant to get them looking good to flip for fast money and the new buyer pays the price.
Being in real estate in the Phoenix market for several years, it makes me sick to see a guy like this "sell out" for TV. REAL PEOPLE (aka first time home buyers) need to buy homes too. But because people (investors) like this buy these homes the FTHB can't get their foot in the door. I don't know how many clients I have seen in our office that are truly dejected because they have put in offers on multiple properties only to be outbid by an investor. After 4 or 5 times, the clients give up and continue to rent.
Buy a new home... well that is a great idea, the problem with that is the new home builders are raising prices EVERY WEEK just like back in 2004-06. They know the investors are snapping up the low end stuff and they have a captive audience and can continue to raise prices... when they get too high though, there goes your FTHB... stuck renting because they can't afford / don't qualify for the mortgage.
In my opinion, Realtors should boycott this show. It portrays our industry in a bad light and only will continue to attract the vultures that cannibalize YOUR COMMISSION....[thumbdown]