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Amanda Lamb, like Krusty and Phil, has alot to answer for. Honesty, how can these so-called experts get away with doing this to peoples lives.
http://blogs.thisism...caprise-75.html
This is Money Blog
April 10, 2009
Place in the Sun: 'Cape Verde prices will rise 75%'
It's incredible that Channel 4 still has the temerity to show repeats of A Place in the Sun, fronted by Amanda Lamb (pictured) or Jasmine Harman - in particular, the classic episodes where they spur on hapless buyers to snap up great 'investments'.
As readers of this blog will know that property optimists have always been on my (fun) list of pet hates, so I can't resist watching this sort of property porn just so I can throw things at the telly. [How we warned against Amanda Lamb's Eastern Europe 'hot tips' in 2006]
Tonight presenter Jasmine Harman told one such couple of how unnamed 'experts' - aka property deveolopers - 'expect prices in Cape Verde to appreciate 75% in the next five years'. This was a repeat from the summer of 2007.
These wide-eyed bubble-riding unfortunates only had £200,000 to spend on a property. They ended up buying one flat, one townhouse and, er, one 'film star mansion'. They spent double that. Oh but hang on, they weren't really buying it because it was only a deposit on the mansion and the rest would get cleared by the money they would make on the rising prices of the other properties. Prices have since fallen 15% to 20%.
The programme unwittingly and perfectly captures the bizarre mentality of people at the peak of an investment bubble.
They weren't the only victims caught out by this dangerous multi-property buying tactic in Cape Verde.
A story last month in the Daily Mail about former Bucks Fizz singer Cheryl Baker...
In early 2007 she and Steve snapped up another one-bedroom, beachfront apartment for £125,000 in Santa Maria, the main resort on Sal. The intention was to let it rise in value and sell later this year, using any profits to help pay the outstanding-balance on the other property, but the global recession ended that plan. [Sound familiar?]
Cape Verde specialist Adrian Lilywhite, based in Windsor, Berkshire, reckons property on popular Sal will have fared better than other Cape Verde islands. But he thinks prices of new-build homes will have fallen by an average 15 per cent, particularly in the light of a handful of distress sales now that some owners cannot afford to pay the balance.
For the record, Jasmine's property credentials are 10 years of working in luxury health clubs. Like her colleagues she has always loved to drop in the odd mention of 'great investment', but she's less culpable than some. She was just one more 'expert' to get swept up in the furore. [The property blame game: Amanda Lamb vs Kirstie Allsopp]
- Andrew Oxlade, Editor, This is Money
Place In The Sun: 'cape Verde Prices Will Rise 75%'
Good Blog from This is Money
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#1
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Posted 11 April 2009 - 01:03 PM
VOTE LABOUR.
VOTE LABOUR.
VOTE LABOUR.
VOTE LABOUR.
Labour are the only choice for the rational man in the street at the election. Vote Tory to go back into recession, Vote Lib Dem to hug bunnies and buy into the global warming lie, vote BNP if you are an ignorant Moron, vote UKIP to pee off the Tories and vote Green to take votes off the Lib Dems.
VOTE LABOUR.
VOTE LABOUR.
VOTE LABOUR.
VOTE LABOUR.
VOTE LABOUR.
VOTE LABOUR.
VOTE LABOUR.
Labour are the only choice for the rational man in the street at the election. Vote Tory to go back into recession, Vote Lib Dem to hug bunnies and buy into the global warming lie, vote BNP if you are an ignorant Moron, vote UKIP to pee off the Tories and vote Green to take votes off the Lib Dems.
VOTE LABOUR.
VOTE LABOUR.
VOTE LABOUR.
VOTE LABOUR.
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MultiQuote
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Posted 11 April 2009 - 01:17 PM
manterik, on Apr 11 2009, 02:03 PM, said:
Amanda Lamb, like Krusty and Phil, has alot to answer for. Honesty, how can these so-called experts get away with doing this to peoples lives.
http://blogs.thisism...caprise-75.html
This is Money Blog
April 10, 2009
Place in the Sun: 'Cape Verde prices will rise 75%'
It's incredible that Channel 4 still has the temerity to show repeats of A Place in the Sun, fronted by Amanda Lamb (pictured) or Jasmine Harman - in particular, the classic episodes where they spur on hapless buyers to snap up great 'investments'.
As readers of this blog will know that property optimists have always been on my (fun) list of pet hates, so I can't resist watching this sort of property porn just so I can throw things at the telly. [How we warned against Amanda Lamb's Eastern Europe 'hot tips' in 2006]
Tonight presenter Jasmine Harman told one such couple of how unnamed 'experts' - aka property deveolopers - 'expect prices in Cape Verde to appreciate 75% in the next five years'. This was a repeat from the summer of 2007.
These wide-eyed bubble-riding unfortunates only had £200,000 to spend on a property. They ended up buying one flat, one townhouse and, er, one 'film star mansion'. They spent double that. Oh but hang on, they weren't really buying it because it was only a deposit on the mansion and the rest would get cleared by the money they would make on the rising prices of the other properties. Prices have since fallen 15% to 20%.
The programme unwittingly and perfectly captures the bizarre mentality of people at the peak of an investment bubble.
They weren't the only victims caught out by this dangerous multi-property buying tactic in Cape Verde.
A story last month in the Daily Mail about former Bucks Fizz singer Cheryl Baker...
In early 2007 she and Steve snapped up another one-bedroom, beachfront apartment for £125,000 in Santa Maria, the main resort on Sal. The intention was to let it rise in value and sell later this year, using any profits to help pay the outstanding-balance on the other property, but the global recession ended that plan. [Sound familiar?]
Cape Verde specialist Adrian Lilywhite, based in Windsor, Berkshire, reckons property on popular Sal will have fared better than other Cape Verde islands. But he thinks prices of new-build homes will have fallen by an average 15 per cent, particularly in the light of a handful of distress sales now that some owners cannot afford to pay the balance.
For the record, Jasmine's property credentials are 10 years of working in luxury health clubs. Like her colleagues she has always loved to drop in the odd mention of 'great investment', but she's less culpable than some. She was just one more 'expert' to get swept up in the furore. [The property blame game: Amanda Lamb vs Kirstie Allsopp]
- Andrew Oxlade, Editor, This is Money
http://blogs.thisism...caprise-75.html
This is Money Blog
April 10, 2009
Place in the Sun: 'Cape Verde prices will rise 75%'
It's incredible that Channel 4 still has the temerity to show repeats of A Place in the Sun, fronted by Amanda Lamb (pictured) or Jasmine Harman - in particular, the classic episodes where they spur on hapless buyers to snap up great 'investments'.
As readers of this blog will know that property optimists have always been on my (fun) list of pet hates, so I can't resist watching this sort of property porn just so I can throw things at the telly. [How we warned against Amanda Lamb's Eastern Europe 'hot tips' in 2006]
Tonight presenter Jasmine Harman told one such couple of how unnamed 'experts' - aka property deveolopers - 'expect prices in Cape Verde to appreciate 75% in the next five years'. This was a repeat from the summer of 2007.
These wide-eyed bubble-riding unfortunates only had £200,000 to spend on a property. They ended up buying one flat, one townhouse and, er, one 'film star mansion'. They spent double that. Oh but hang on, they weren't really buying it because it was only a deposit on the mansion and the rest would get cleared by the money they would make on the rising prices of the other properties. Prices have since fallen 15% to 20%.
The programme unwittingly and perfectly captures the bizarre mentality of people at the peak of an investment bubble.
They weren't the only victims caught out by this dangerous multi-property buying tactic in Cape Verde.
A story last month in the Daily Mail about former Bucks Fizz singer Cheryl Baker...
In early 2007 she and Steve snapped up another one-bedroom, beachfront apartment for £125,000 in Santa Maria, the main resort on Sal. The intention was to let it rise in value and sell later this year, using any profits to help pay the outstanding-balance on the other property, but the global recession ended that plan. [Sound familiar?]
Cape Verde specialist Adrian Lilywhite, based in Windsor, Berkshire, reckons property on popular Sal will have fared better than other Cape Verde islands. But he thinks prices of new-build homes will have fallen by an average 15 per cent, particularly in the light of a handful of distress sales now that some owners cannot afford to pay the balance.
For the record, Jasmine's property credentials are 10 years of working in luxury health clubs. Like her colleagues she has always loved to drop in the odd mention of 'great investment', but she's less culpable than some. She was just one more 'expert' to get swept up in the furore. [The property blame game: Amanda Lamb vs Kirstie Allsopp]
- Andrew Oxlade, Editor, This is Money
Cape Verde is a dead duck .Have you seen the price of the flights?
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Posted 11 April 2009 - 01:26 PM
barrabus, on Apr 11 2009, 02:17 PM, said:
Cape Verde is a dead duck .Have you seen the price of the flights?
Yeah, so how can C4 show this garbage this week !!!!!
VOTE LABOUR.
VOTE LABOUR.
VOTE LABOUR.
VOTE LABOUR.
Labour are the only choice for the rational man in the street at the election. Vote Tory to go back into recession, Vote Lib Dem to hug bunnies and buy into the global warming lie, vote BNP if you are an ignorant Moron, vote UKIP to pee off the Tories and vote Green to take votes off the Lib Dems.
VOTE LABOUR.
VOTE LABOUR.
VOTE LABOUR.
VOTE LABOUR.
VOTE LABOUR.
VOTE LABOUR.
VOTE LABOUR.
Labour are the only choice for the rational man in the street at the election. Vote Tory to go back into recession, Vote Lib Dem to hug bunnies and buy into the global warming lie, vote BNP if you are an ignorant Moron, vote UKIP to pee off the Tories and vote Green to take votes off the Lib Dems.
VOTE LABOUR.
VOTE LABOUR.
VOTE LABOUR.
VOTE LABOUR.
#4 Guest_skullingtonjoe_*
Posted 11 April 2009 - 01:41 PM
manterik, on Apr 11 2009, 02:26 PM, said:
Yeah, so how can C4 show this garbage this week !!!!!
They haven`t got anything else to pad the schedule out with!
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Posted 11 April 2009 - 01:52 PM
manterik, on Apr 11 2009, 02:26 PM, said:
Yeah, so how can C4 show this garbage this week !!!!!
Maybe it's a prelude for a series of
A repossession in the Sun
This post has been edited by arthurwasright: 11 April 2009 - 01:53 PM
#6
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Posted 11 April 2009 - 01:59 PM
you cant even sunbathe au naturelle on cape verde either....whats the point when the canaries are 3 hours closer.
Its not a house price boom, its a credit feast and now its time for the hangover
No bankers were harmed in the making of this bailout
No bankers were harmed in the making of this bailout
Your
country is at risk
if you
do not keep up repayments
on a gilt or other loan secured on it
country is at risk
if you
do not keep up repayments
on a gilt or other loan secured on it
#7
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Posted 11 April 2009 - 02:02 PM
In addition to the points already made, the program was complete insanity. Who in their right mind would visit a country or town they had never been to before and buy a property straightaway ? Anybody in their right mind would rent or stay in a hotel for a few weeks and take their time. Also the property "experts" on the program are a joke. The "expert" said about Cape Verde dont stay in a property with a nice view if it is not convenient for amenities - doh why didnt I think of that ! Also she said the local inhabitants are happy because property prices are going up - well I would be very angry if i were a local who was not already a property owner as i may get priced out of the market by the Brits.
It is just fetishishation of property ownership of the worst kind. What about programs helping people who want to rent or survive on Job Seekers Allowance for example ? Why are propery purchasers considered to need special help. Not that the help is worthwhile anyway.
This program was presumably made a while ago when prices were still rising yet even on the latest series of Location, Location, Location a few weeks back Phil was saying that buying a flat in Berlin should be a good investment - a highly dubious thing to say.
It is just fetishishation of property ownership of the worst kind. What about programs helping people who want to rent or survive on Job Seekers Allowance for example ? Why are propery purchasers considered to need special help. Not that the help is worthwhile anyway.
This program was presumably made a while ago when prices were still rising yet even on the latest series of Location, Location, Location a few weeks back Phil was saying that buying a flat in Berlin should be a good investment - a highly dubious thing to say.
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Posted 11 April 2009 - 02:06 PM
penbat1, on Apr 11 2009, 03:02 PM, said:
In addition to the points already made, the program was complete insanity. Who in their right mind would visit a country or town they had never been to before and buy a property straightaway ? Anybody in their right mind would rent or stay in a hotel for a few weeks and take their time. Also the property "experts" on the program are a joke. The "expert" said about Cape Verde dont stay in a property with a nice view if it is not convenient for amenities - doh why didnt I think of that ! Also she said the local inhabitants are happy because property prices are going up - well I would be very angry if i were a local who was not already a property owner as i may get priced out of the market by the Brits.
It is just fetishishation of property ownership of the worst kind. What about programs helping people who want to rent or survive on Job Seekers Allowance for example ? Why are propery purchasers considered to need special help. Not that the help is worthwhile anyway.
This program was presumably made a while ago when prices were still rising yet even on the latest series of Location, Location, Location a few weeks back Phil was saying that buying a flat in Berlin should be a good investment - a highly dubious thing to say.
It is just fetishishation of property ownership of the worst kind. What about programs helping people who want to rent or survive on Job Seekers Allowance for example ? Why are propery purchasers considered to need special help. Not that the help is worthwhile anyway.
This program was presumably made a while ago when prices were still rising yet even on the latest series of Location, Location, Location a few weeks back Phil was saying that buying a flat in Berlin should be a good investment - a highly dubious thing to say.
because, its nice to see the foreign climes, the presenters get a free trip abroad as do the punters, the viewer gets a dream put in his head, everyone is a winner.
except the poor locals, of course. and the dummies caught in this "shoeshine boy" recomendation
Its not a house price boom, its a credit feast and now its time for the hangover
No bankers were harmed in the making of this bailout
No bankers were harmed in the making of this bailout
Your
country is at risk
if you
do not keep up repayments
on a gilt or other loan secured on it
country is at risk
if you
do not keep up repayments
on a gilt or other loan secured on it
#9
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Posted 11 April 2009 - 02:13 PM
You mean people listen to what she's saying??
jasmineharmanstits.jpg (99.55K)
Number of downloads: 96
jasmineharmanstits.jpg (99.55K)
Number of downloads: 96
"It's the levels, stupid!" - Mervyn King, 12th August 2009
"It's the discontractionary deflatabubbles, stupid!" - Red Karma 2009
WTIC oil will likely trade at $25-30 before it trades at $200 - Red Karma, 6th September 2009.
Stop worrying about China's $700bn reserves - Mervyn printed half that in 6 months
We need fiscal rectitude. We've got rectal fistitude
We have now entered the Great Rebalancing (Western Debt 'Jubilee') 2007-201?
Red Karma's Law "Bad debt drives out good"
"It's the discontractionary deflatabubbles, stupid!" - Red Karma 2009
WTIC oil will likely trade at $25-30 before it trades at $200 - Red Karma, 6th September 2009.
Stop worrying about China's $700bn reserves - Mervyn printed half that in 6 months
We need fiscal rectitude. We've got rectal fistitude
We have now entered the Great Rebalancing (Western Debt 'Jubilee') 2007-201?
Red Karma's Law "Bad debt drives out good"
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Posted 11 April 2009 - 02:32 PM
Its time the FSA and the Ofcom got off their backsides and fined Channel 4 so badly it would end up, only being able to show the test card.
All these property "investment" shows should have FSA warnings before, during and when finishing. And all the presenters should me forced to disclose their vested interests.
All these property "investment" shows should have FSA warnings before, during and when finishing. And all the presenters should me forced to disclose their vested interests.
I am in part cash, part World of Warcraft Gold (its the next stage of our evolution)
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Posted 11 April 2009 - 02:40 PM
I hadn't see apits for years - but I did see the end of this one.
The Cape Verde prices were cheap. The couple deciding whether to buy a property there or in Wales in the end got caught up in the whole bubble thing and bought 3!!!
One as "an investment"..may have to go in 50% with a friend.
One as a holiday/retirement home.
And one (wait for it) to rent out to pay the mortgage on the others.
And they said they were going to "buy off plan" so they didn't have to put the money up straight away.
And they said a lot of buildings on Cape Verde are left unfinished because there is a punitive finishing tax.
Magic money. Magic money.
The Cape Verde prices were cheap. The couple deciding whether to buy a property there or in Wales in the end got caught up in the whole bubble thing and bought 3!!!
One as "an investment"..may have to go in 50% with a friend.
One as a holiday/retirement home.
And one (wait for it) to rent out to pay the mortgage on the others.
And they said they were going to "buy off plan" so they didn't have to put the money up straight away.
And they said a lot of buildings on Cape Verde are left unfinished because there is a punitive finishing tax.
Magic money. Magic money.
This post has been edited by hotairmail: 11 April 2009 - 02:44 PM
Mum makes baby with Dad
I get born
Go to school
Join the world of work
Buy house
Get married, have beautiful daughter
Work hard, save hard, pay off mortgage
Growing disbelief at house prices
Sell house, tin foil hat to smallholding
Cash everything in, I mean EVERYTHING
It goes all elephant
BoE slashes interest rates and prints money with gay abandon
I speculate and attempt to ride bubbles
We're f*cked, I really don't know where this will all end
#12
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Posted 11 April 2009 - 02:46 PM
The only thing that is rising 75% is the crime rates, it is not safe to walk after dark.
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Posted 11 April 2009 - 02:50 PM
rover2000, on Apr 11 2009, 03:32 PM, said:
Its time the FSA and the Ofcom got off their backsides and fined Channel 4 so badly it would end up, only being able to show the test card.
All these property "investment" shows should have FSA warnings before, during and when finishing. And all the presenters should me forced to disclose their vested interests.
All these property "investment" shows should have FSA warnings before, during and when finishing. And all the presenters should me forced to disclose their vested interests.
I agree a few complaints to OFCOM should be placed .. it downright irresponsible
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Posted 11 April 2009 - 05:49 PM
manterik, on Apr 11 2009, 09:03 PM, said:
Amanda Lamb, like Krusty and Phil, has alot to answer for. Honesty, how can these so-called experts get away with doing this to peoples lives.
http://blogs.thisism...caprise-75.html
This is Money Blog
April 10, 2009
Place in the Sun: 'Cape Verde prices will rise 75%'
It's incredible that Channel 4 still has the temerity to show repeats of A Place in the Sun, fronted by Amanda Lamb (pictured) or Jasmine Harman - in particular, the classic episodes where they spur on hapless buyers to snap up great 'investments'.
As readers of this blog will know that property optimists have always been on my (fun) list of pet hates, so I can't resist watching this sort of property porn just so I can throw things at the telly. [How we warned against Amanda Lamb's Eastern Europe 'hot tips' in 2006]
Tonight presenter Jasmine Harman told one such couple of how unnamed 'experts' - aka property deveolopers - 'expect prices in Cape Verde to appreciate 75% in the next five years'. This was a repeat from the summer of 2007.
These wide-eyed bubble-riding unfortunates only had £200,000 to spend on a property. They ended up buying one flat, one townhouse and, er, one 'film star mansion'. They spent double that. Oh but hang on, they weren't really buying it because it was only a deposit on the mansion and the rest would get cleared by the money they would make on the rising prices of the other properties. Prices have since fallen 15% to 20%.
The programme unwittingly and perfectly captures the bizarre mentality of people at the peak of an investment bubble.
They weren't the only victims caught out by this dangerous multi-property buying tactic in Cape Verde.
A story last month in the Daily Mail about former Bucks Fizz singer Cheryl Baker...
In early 2007 she and Steve snapped up another one-bedroom, beachfront apartment for £125,000 in Santa Maria, the main resort on Sal. The intention was to let it rise in value and sell later this year, using any profits to help pay the outstanding-balance on the other property, but the global recession ended that plan. [Sound familiar?]
Cape Verde specialist Adrian Lilywhite, based in Windsor, Berkshire, reckons property on popular Sal will have fared better than other Cape Verde islands. But he thinks prices of new-build homes will have fallen by an average 15 per cent, particularly in the light of a handful of distress sales now that some owners cannot afford to pay the balance.
For the record, Jasmine's property credentials are 10 years of working in luxury health clubs. Like her colleagues she has always loved to drop in the odd mention of 'great investment', but she's less culpable than some. She was just one more 'expert' to get swept up in the furore. [The property blame game: Amanda Lamb vs Kirstie Allsopp]
- Andrew Oxlade, Editor, This is Money
http://blogs.thisism...caprise-75.html
This is Money Blog
April 10, 2009
Place in the Sun: 'Cape Verde prices will rise 75%'
It's incredible that Channel 4 still has the temerity to show repeats of A Place in the Sun, fronted by Amanda Lamb (pictured) or Jasmine Harman - in particular, the classic episodes where they spur on hapless buyers to snap up great 'investments'.
As readers of this blog will know that property optimists have always been on my (fun) list of pet hates, so I can't resist watching this sort of property porn just so I can throw things at the telly. [How we warned against Amanda Lamb's Eastern Europe 'hot tips' in 2006]
Tonight presenter Jasmine Harman told one such couple of how unnamed 'experts' - aka property deveolopers - 'expect prices in Cape Verde to appreciate 75% in the next five years'. This was a repeat from the summer of 2007.
These wide-eyed bubble-riding unfortunates only had £200,000 to spend on a property. They ended up buying one flat, one townhouse and, er, one 'film star mansion'. They spent double that. Oh but hang on, they weren't really buying it because it was only a deposit on the mansion and the rest would get cleared by the money they would make on the rising prices of the other properties. Prices have since fallen 15% to 20%.
The programme unwittingly and perfectly captures the bizarre mentality of people at the peak of an investment bubble.
They weren't the only victims caught out by this dangerous multi-property buying tactic in Cape Verde.
A story last month in the Daily Mail about former Bucks Fizz singer Cheryl Baker...
In early 2007 she and Steve snapped up another one-bedroom, beachfront apartment for £125,000 in Santa Maria, the main resort on Sal. The intention was to let it rise in value and sell later this year, using any profits to help pay the outstanding-balance on the other property, but the global recession ended that plan. [Sound familiar?]
Cape Verde specialist Adrian Lilywhite, based in Windsor, Berkshire, reckons property on popular Sal will have fared better than other Cape Verde islands. But he thinks prices of new-build homes will have fallen by an average 15 per cent, particularly in the light of a handful of distress sales now that some owners cannot afford to pay the balance.
For the record, Jasmine's property credentials are 10 years of working in luxury health clubs. Like her colleagues she has always loved to drop in the odd mention of 'great investment', but she's less culpable than some. She was just one more 'expert' to get swept up in the furore. [The property blame game: Amanda Lamb vs Kirstie Allsopp]
- Andrew Oxlade, Editor, This is Money
It was the Irish who were the biggest "investors" in Cape Verde.
Says it all, really, doesn't it?
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Posted 11 April 2009 - 05:56 PM
penbat1, on Apr 11 2009, 10:02 PM, said:
In addition to the points already made, the program was complete insanity. Who in their right mind would visit a country or town they had never been to before and buy a property straightaway ? Anybody in their right mind would rent or stay in a hotel for a few weeks and take their time. Also the property "experts" on the program are a joke. The "expert" said about Cape Verde dont stay in a property with a nice view if it is not convenient for amenities - doh why didnt I think of that ! Also she said the local inhabitants are happy because property prices are going up - well I would be very angry if i were a local who was not already a property owner as i may get priced out of the market by the Brits.
It is just fetishishation of property ownership of the worst kind. What about programs helping people who want to rent or survive on Job Seekers Allowance for example ? Why are propery purchasers considered to need special help. Not that the help is worthwhile anyway.
This program was presumably made a while ago when prices were still rising yet even on the latest series of Location, Location, Location a few weeks back Phil was saying that buying a flat in Berlin should be a good investment - a highly dubious thing to say.
It is just fetishishation of property ownership of the worst kind. What about programs helping people who want to rent or survive on Job Seekers Allowance for example ? Why are propery purchasers considered to need special help. Not that the help is worthwhile anyway.
This program was presumably made a while ago when prices were still rising yet even on the latest series of Location, Location, Location a few weeks back Phil was saying that buying a flat in Berlin should be a good investment - a highly dubious thing to say.
Oh yes...beware of this...
I know several overseas property companies that are now ramping Berlin like crazy. They must have bunged Phil along the way.
All the ex-IFAs that got into selling overseas property 'investments' in places like Spain, Portugal, Cape Verde and Egypt are all now 'going respectable' by offering 'sensible' urban properties in 'stable' cities.
Same wolves, different clothing.