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real estate

Extreme Makeover Home Gets Flipped

Irksome and manipulative ABC show Extreme Makeover: Home Edition has (maybe) been hoodwinked! It seems the Marrero family, for whom the show built a house last summer, has put the property on the market for a cool $499,999. It's probably not for tax reasons! Maybe it's because a too-big, too-expensive house was built for a family that doesn't need it. The Marreros are a family of six and certainly could have used more space than they had before the trucks rolled up, full of Sears products, but few people need the excess of the Extreme Makeover houses more than they need, well, money. The show, hosted by the manic and unhinged Ty Pennington, has long been criticized for being a tacky, exploitative infomercial for brand tie-ins and corporate sponsorships. So it's kind of nice to see someone say: "You're gonna use me? Well I'll use you right back!"

ha!

The Sad Decline Of The Lawyering Class

Even with the recent dip in the credit market, lawyers show plenty of hedge fund and private equity envy. Who can blame them? Literally and figuratively, lawyers live in the shadows of those financial gods. They share the same upscale neighborhoods, eat at the same trendy restaurants and relax on the same stretches of white sand in the Hamptons. The difference is that Wall Streeters will buy three or four apartments and combine them, and pick up choice properties by the water. "Our place is on the poor side of town — north of the highway [away from the water]," says a lawyer, sipping a drink poolside at her East Hampton weekend retreat. "Only the bankers can afford the south side."
Rich Lawyer, Poor Lawyer [American Lawyer]