Ok... So not to step on any toes here or anything, but I'd like to have some opinions here.... I sell foreclosures for a living...not making a killing, but enough in my market that I have had a measure of success at it. I have been doing it for about 7 years now and I see alot. Being a REO broker, I am routinely going in and out of foreclosed properties either to list or to provide a second opinion on the properties. I have notice an increasing trend in properties that have been purchased as a foreclosure, only to end up back on the market in sometimes less than a year as foreclosures again. mOst of these have some remodeling started...to varying degrees of craftsmanship. They appear to be "flips gone bad"... I admit, I am guilty of only watching one or two episodes of the show (seemed to cause an impending sense of doom) but it seems that perhaps they are misrepresenting the rest of the markets (outside of NY, CALI and FLA).... I mean, us smaller area folks, we just dont have the margins that bigger markets have and I feel like the amateurs are getting a false sense of our game. ... I know its job security for my business, but it seems that with all the "end user" loans tanking, that perhaps this is just compounding the problem. I educate as many clients as possible who are considering it...they always start with..."I was considering buying a house to flip...i saw this show..." that is where the real estate 101 kicks in. I guess the opinion I am trying to share is that I think that shows like this are setting the average folks up to fail..... Any ideas?