Saw this in the news and was thinking about the issue of debt with the TV thread. I always wondered how effective Extreme Home Makeover was given that they take a family in need with little and build them a half million dollar home (in the same run down neighborhood). Apparently this family still had financial trouble after the new home (shocking) and now are probably in even worse shape after borrowing 450K against the home that was given them.

There is much to be said about the virtues of earning it yourself as opposed to having it given to you. I think the scholarships and work-related training that this show sometimes gives are great but I have a feeling that the home makeover, while it looks great on TV, does not always end up being a blessing.