See my Herald column over here.

Watching Homes and Gardens TV used to be a guilty pleasure.

Now watching these house hunting shows makes me feel like a vulture circling over the real estate boom just before it is slayed by the subprime dragon.

A few days ago I watched one of these couples searching for a second condo in the Baja peninsula of Mexico. Earlier that day, I’d just heard a report about the subprime ghost towns around there.

These shows were all shot before the boom went bust. Now seeing these people waltzing around these luxury condos talking about “updating” kitchens and decks that are too small is just plain painful.

You can’t help but wonder what happened to these condo shoppers.

And you can’t help but wonder how much longer this network can survive with no one building, renovating or buying second condos.