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Killer Bunny

Guardian.co.uk 29.05.08

15 posts in this topic

"We don't want house prices to fall"

Don't we?

:unsure:

(I understand the need for sensitivity but still....)

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Sorry FP but not your best performance. You could have really put the boot in.

I think that is rather harsh. Surely better to lead through gentle persuasion and measured comments.

If you appear as prickley as a cactus no one will listen.

Well done FP.

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"However, you have to look at it in perspective. We've seen a 190% increase in property prices over the last 10 years. Most people who have bought in the past decade will be safe."

Mortgage Equity Withdrawal, anyone?

I'm a chartered financial planner and the fundamentals just aren't there

Whaddaya mean? This is a small island...there's concrete everywhere...

http://maps.google.co.uk/maps?f=q&hl=e...0.6427&z=11

Edited by jimmy_joe

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Whaddaya mean? This is a small island...there's concrete everywhere...

http://maps.google.co.uk/maps?f=q&hl=e...0.6427&z=11

Wrong, this is a large island. Anyone who drives about knows that there is countryside everywhere and only concrete in a comparatively small percentage.

Edited to say: Sorry, only looked at your link after posting :lol:

Edited by Nickolarge

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.

.

Disapointing

.

ST

I echo your disappointment. Personally I do want to see prices crash, because then, perhaps I'll be able to trade up, and also might help lead us away from an economy based on financial twaddle and into a real economy based on making stuff.

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"We don't want house prices to fall"

This comment makes FP's analysis much more persuasive and (appear) more objective ie. analysis detached from personal preference.

Much better than the Radio 5 blow up with Nicki Campbell a month or so back!

The Guardian is patently 'on side'. You need to get back on the BBC now....

But more generally - not even Savills or the CML tried to pretend that the downturn is a mere market blip in the article. I suppose they are now at the point where they are most concerned about appearing stupid if they keep pretending to ignore reality. And vendors will no longer be able to ignore reality either. Come on!

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"We don't want house prices to fall"

This comment makes FP's analysis much more persuasive and (appear) more objective ie. analysis detached from personal preference.

Much better than the Radio 5 blow up with Nicki Campbell a month or so back!

The Guardian is patently 'on side'. You need to get back on the BBC now....

But more generally - not even Savills or the CML tried to pretend that the downturn is a mere market blip in the article. I suppose they are now at the point where they are most concerned about appearing stupid if they keep pretending to ignore reality. And vendors will no longer be able to ignore reality either. Come on!

If you want analysis to appear detached from personal preference the trick is to avoid saying either

"We don't want house prices to fall",

or

"We do want house prices to fall".

Either is stating a personal preference.

I really don't want to knock FP though. He is doing sterling work in putting the "pro-crash" case.

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I agree with the above FP. You should have really gone all out offensive.

What about the liar loans, the reckless predatory lending practices and the buy to let implosion? You should also mention the incoming hyperinflationary collapse of the financial system as the government and BOE attemtps to monetize bankruptcy to keep the housing market afloat. B)

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...and also might help lead us away from an economy based on financial twaddle and into a real economy based on making stuff.

It is this so-called "financial twaddle" that you appear to advocate that has benefited the UK whether you like it or not. It's funny how everyone is shouting about the negatives that the financial industry can bring about when there is a downturn. You want us to move back to a manufacturing-based economy? I sure as hell don't.

A healthy correction in house prices and certain other areas of the financial environment is welcome. Speculation has got out of control, that is unquestionable. But, your statement is naive I'm afraid to say.

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'Anyone who suggests house prices will stabilise after 12 months is talking out of their hat'

Is that a nod to Kirsty, and her eating her hat quote?

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