Just a recap of what we've covered so far regarding the ABC show Extreme Makeover Home Addition:
- This home that the buyer can't afford to maintain and he's selling it as a result.
- This place that's now in foreclosure because the owner's took out a bad loan.
In addition to these, I had this comment left on my site yesterday identifying another home that's in trouble:
I live in the same county as the home in Port Deposit, MD that was recently featured on Extreme Home Makeover - the father had recently died, and the mom and two teenagers have a horse riding program that helps kids with disabilities.
In our local paper I recently saw an ad for a dinner and raffle to help the family keep the new, expanded facility afloat. I lay a large part of the blame on the show producers - if the family couldn't afford to fix up what they already had, how are they going to support an even larger operation? It's a nonprofit too, if I remember correctly.
I just don't understand what good it does people to leave them with a giant home to maintain when many of the people featured are already having problems making ends meet.
I remember that episode -- it was very touching. Aren't they all?
I also found details on this home that's in trouble as well. Same problems -- poor family who couldn't afford to hold on to a huge house and all the associated costs. A few details:
Boey passed away in late December and now, the family is struggling to pay for the expensive new home.
The Extreme Home Makeover Crews demolished the Byers old house, but the old mortgage still stands. There's still $250,000 dollars left on the old mortgage that they have to pay, plus they're paying property taxes for the value of the new home because it's worth more than the old home was. On top of that, utility bills now cost anywhere from $500 to $700 dollars a month.
I'm sure there are more of these either happening or about to happen. When someone who can't afford a small home gets a big, brand new, expensive place, there's bound to be financial trouble eventually.
Maybe it would be better to build a smaller home and give them some cash to get them back on their feet? Then again, that doesn't make for good TV. Also, if they have poor money skills, they're likely to blow through the money quickly. Not sure what the solution here is.