If you are a homeowner in the United States, you may have noticed that we are in the midst of a vast, nationwide experiment being conducted to determine what things are actually worth. In the recent past, no one worried much about what their things were worth, if those things were buildings and/or properties.
What were they worth? More than they were worth yesterday.
Unfortunately, those days are gone. They’re as gone as all those 2007 episodes of “Flip This House” which A&E was forced to pull permanently from syndication after it was revealed that featured local developer Sam Leccima was a fraud. Sam didn’t own those houses he claimed to have sold on the show, his renovations were fake, and his profits came solely from scammed investors in his “Leccima Real Estate Company.” Sam didn’t even own a real estate license.