This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Most Inappropriate Holiday Gifts

DVDs of Bravo's Flipping Out or A&E's Flip This House
You know what's really frustrating to watch after a housing crisis when average home prices have dropped 5.8% in the past year and more than $35,000 since 2008? Some jackass trying to fix up an already expensive McMansion and sell it for profit.

You know what makes that even more frustrating? When the Federal Reserve Bank of New York says that same jackass and countless other jackasses helped create that housing crisis in the first place. A study released by the Fed last week pointed out that house flippers had a huge role in artificially inflating home prices between 2004 and 2006 -- as did the dopes who paid those prices -- but exacerbated the problem in 2007 and 2008 when their speculative investments started going bust and they didn't have the money to cover.

When the crisis began, 20% of home sales in soon-to-be sorry states such as Arizona and California were to people who owned three or more properties. By the time the housing crisis hit its peak between 2007 and 2009, those same speculators were responsible for 25% of all delinquent mortgages.

In mid-2005, when house flipping still seemed like a fun, victimless way to make a buck, A&E launched Flip This House to document the good times. By the second season, one of the show's local developers was already being accused of staging remodels and engaging in real estate fraud.

That same year, Bravo launched Flipping Out to capitalize on the trend, but star and home designer Jeff Lewis discovered early on which way the market was headed and chose to focus on luxurious home remodeling instead. The move saved the show, which just wrapped up its fifth season.

In either case, these shows -- which still have seasons available on Amazon (AMZN) and elsewhere -- are probably the last thing you want to give a loved one who either can't get approved for a mortgage or is so underwater with their current mortgage that they're coming to Christmas dinner in a diving bell.

4 of 6

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,113.54 +61.81 0.36%
S&P 500 1,983.53 +9.90 0.50%
NASDAQ 4,456.0160 +31.3120 0.71%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs