Secret Vices #2: Homes Under The Hammer

I doubt many would have seen this unless they are unemployed, stuck on the sofa ill watching daytime TV or they're a budding property entrepreneur. This programme follows property developers who have bought properties at auction and finds out what they're going to do with it and then comes back some months later to find out how they've got on, whether they've stuck to the budget and then get some fly-by-night estate agents in to revalue the property.

Having lived in rented accommodation for most of my adult life, in the great scheme of things, landlords come just below murders and paedophiles so when a developer goes over budget and the property makes a loss I'm happy. Very occassionally there are developers I do empathise with like the couple who bought properties to renovate and then let to DSS claimants; their aim was to sell up in a couple of years and go and build schools in Africa.

Can't wait for the housing crash to see all these buy-to-let landlords lose it all!