Interior designer Doug Wilson helps a family hunt for the perfect home. In this case, they get to 'test drive' the two they like best. He'll first show three houses and let them decide the two that they want to spend 24 hours in. See if this quick test helps the family decide which home is right for them!
Runtime: 30 minutes
Real Estate Road Test - Holdout (real estate) - Netflix
A holdout is a piece of property that did not become part of a larger real estate development because the owner either refused to sell or wanted more than the developer would pay. There are many examples of hold-outs in the United States, the United Kingdom, Germany, China, Japan, and other countries.
Real Estate Road Test - Examples - Netflix
A number of high-profile nail houses have received widespread attention in the Chinese press. In one case in 2007, one family among 280 others at the location of a six-story shopping mall under construction at the location of a former “snack street” in Chongqing refused for two years to vacate a home their family had inhabited for three generations. Developers cut their power and water, and excavated a 10-meter deep pit around their home. The owners broke into the construction site, reoccupied it, and flew a Chinese flag on top. Yang Wu, a local martial arts champion, used nunchakus to make a staircase to their house, and threatened to beat any authorities who attempted to evict him. His wife, a restaurateur named Wu Ping who had planned to open a restaurant in the home's ground floor, granted interviews and frequent press releases to generate publicity. The owners turned down an offer of 3.5 million yuan (US $453,000), but eventually settled with the developers in 2007. In another example, a nail house remained in Changsha, even after a shopping mall was built around it, and now sits in a courtyard of the mall. One owner in Shenzhen was paid between 10 and 20 million yuan (US $1.3 million to $2.7 million) for selling a seven-story building at the site of the future 439-meter (1,440 foot) Kingkey Finance Tower, that had cost him 1 million yuan ($130,000) to build ten years before. The resident held out for months following an eviction order, and was subject to harassment and extortion attempts even after he reached a settlement. Two other nail house owners held out against the Kingkey development. Another nail house became notable after it ended up in the middle of a new road in Wenling, Zhejiang Province. The elderly couple had refused to sell the property for the price offered by the government since 2001. Eventually a major two-lane road to a new train station was constructed around the house. Pictures of the home went viral on the Internet and were widely published by Chinese media. The property was demolished in December 2012 after the owners accepted a compensation offer worth $41,000.
Real Estate Road Test - References - Netflix