‘The Money Pit’ was a remake? Yep, from 1948
The Money Pit is one of THOSE ‘80s flicks. You know the kind. The 1986 movie had good bones - Tom Hanks and Shelley Long as starts. It had Richard Benjamin as director. But it just fell a tiny bit short of its potential. It also appears to be a remake of movie most of us have never heard of: 1948’s Mr. Blandings Builds His Dream House.
The 1948 film starred Cary Grant and Myrna Loy as the young couple in search of a larger home only to be conned into buying a 200-year-old farmhouse that is falling apart.
There are some differences between the two flicks. In Mr. Blandings Builds His Dream House, Grant and Myrna have two daughters. (Hanks and Long were empty-nesters.) In the 1948 film, the family buys the money pit to escape their cramped New York apartment. In the actual Money Pit, Hanks and Long are fleeing the apartment of Long’s ex-husband (an egotistic orchestra conductor played with zest by Alexander Godunov), who is returning to the country early.
Ironically, both movies underperformed. Despite the chemistry between Grant and Loy (who had paired up before in Bachelor and the Bobby-Soxer and Wings in the Dark), Mr. Blandings didn’t connect with audiences and faired poorly at the box office. (The storyline, however, was picked up for radio adaptation.) The Money Pit, meanwhile, scored mixed reviews from critics and stands with a 47 percent fresh rating at Rotten Tomatoes.
In 2013, it was reported that NBC was considering turning The Money Pit in a TV series, but that idea perhaps was seen as a pit as well and has since been frozen.