New national reality mortgage show premiering

By
Real Estate Agent with RE/MAX Aboutowne Realty Corp., Brokerage

 A new reality show called Burn My Mortgage is debuting Tues. Oct. 5 on the W Network. The program puts overspending families through a series of physical challenges designed to show a mortgage isn't a life sentence.
 
The first episode features Christine and Roman Sharanewych trying to keep up with their affluent Toronto neighbours. They spend $17,000 a year on sports for the kids, $12,000 a year on dining out, ordering in and entertaining friends, and another $17,000 on vacations, housekeeping, landscaping and dry cleaning.
 
"We get caught up with this keeping up with the Joneses, but what you realize, certainly what they're realizing in the U.S., is that the Joneses are broke," says co-host Chad Bisch, who motivates the families as they compete for $5,000 prizes.
 
By the end of the show, the family sees if they cut spending on luxuries in half, they can pay off their mortgage 14 years sooner and save $55,000 in interest.

Comments (2)

Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Sounds like a great show premise. Will be watching for it.

Oct 02, 2010 12:39 AM
Clark Cook
1st Choice Realty of Fayetteville, LLC - Fayetteville, NC
Marketing Homes For Sale In Fayetteville NC Area

It'll be interesting to see if the show has an effect on people following the Joneses, although I don't know how we can gage that. Thanks Guy for spreading the news!

Oct 02, 2010 01:17 AM