25 People to Blame for the Financial Crisis. Introducing #19.


Burton Jablin

Burton Jablin

 

The programming czar at Scripps Networks, which owns HGTV and other lifestyle channels, helped inflate the real estate bubble by teaching viewers how to extract value from their homes. Programs like Designed to Sell, House Hunters andMy House Is Worth What? developed loyal audiences, giving the housing game glamour and gusto. Jablin didn’t act alone: shows like Flip That House (TLC) and Flip This House (A&E) also came on the scene. To Jablin’s credit, HGTV, which airs in more than 97 million homes, also launched Income Property, a show that helps first-time homeowners reduce mortgage payments by finding ways to economically add rental units. And, of course I don’t criticize his capitalist drive, nor his success. I just wish that once in a while, people would ask themselves, “Is this the right thing to do?” before they do it.

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About Steve King

iPeopleFINANCE™ Chief Operating Officer. Former CEO of Endymion Systems, Inc. a $36m Information Systems Services company. Co-founder of the Cambridge Systems Group, the creator of ACF2, the leading IBM Mainframe Data Center Security product; acquired by Computer Associates. IBM, seeCommerce, marchFIRST, Connectandsell alumni. UC Berkeley alumni. View all posts by Steve King

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