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Anne Ashworth Of The Times Reads Hpc


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#31 Guest_DissipatedYouthIsValuable_*

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Posted 08 February 2008 - 10:22 AM

In the end it was always going to be difficult for a large demographic cohort to be succeeded by a smaller one. The nature of debt money and fractional reserve banking requiring continuous expansionary growth to function. It was always going to fall down. Could have been avoided if the immorality of deliberately causing rapid housing inflation had been killed in the bud. As it is, I fear that a large number of the 'boomer' generation are either going to be subject to massive erosion of savings by wage and subsequent general inflation, or the path of deflation of housing assets will produce mass bankruptcy.

I'll just stick with being disadvantaged by my own lack of purchasing power, it's just a waiting game.

And I reckon I can afford to wait just a little bit longer than the likes of Anne Ashworth.

Sometimes it pays not to eat all of your pies at once.

Edited by DissipatedYouthIsValuable, 08 February 2008 - 10:23 AM.


#32 Optobear

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Posted 08 February 2008 - 10:34 AM

It seems that the most nauseating (in my opinion) of the property columnists has been browsing these pages......

http://property.time...icle3325824.ece


I'll slightly defend her. We probably are a little keen to see things fall in terms of house prices, and with such a sluggish entity as the housing market we probably can't expect to see things falling off very fast.

But in our defence the statistics are a bit questionable, for example Nationwide is mortgage applications and they admit that some may not proceed.

We also ought to expect a factor for a few months where falling sales volumes and difficulties in getting mortgages for any but the most credit worthy will cause a distortion to more "quality" houses and higher sale prices.

I think this is like any maxima - like when you chuck a ball in the air, it decelerates, stops, almost seems to hang, then accelarates at an alarming rate and plummets back down. Stock markets are different as they are liquid markets, and prices reflect purchasing and selling intent minute by minute.

But, mortgages are harder to get, the papers are full of negative housing sentiment, repossesions reach a 19 year high, the lagging data shows stagnation, anecdotals are bearish, Soros and Merrill Lynch predict falls, and, and...

Isn't there an expression about "if it looks like a duck...."

#33 eric pebble

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Posted 08 February 2008 - 10:38 AM

ANY FTB can afford their new home.

All they need to do is go to their Dogbox broker, lie on their mortgage application about their salary, take a fixed term Interest only loan of 8 times their real combined salaries, and bobs you uncle.

Oh and get their parents to guaranteee the loan.

Yup -- As I have said time and time again --

The ONLY way to get onto the "housing ladder" is to take out a LIAR LOAN

and suffer the consequences..........

What the media today are still not telling us in full - for some reason the lid is being kept on the whole story:
HERE IN THE UK: THE UK SUB-PRIME CATASTROPHE - IT IS NOT ONLY IN AMERICA!! THE UK LIAR LOAN INDUSTRY - Source of FICTITIOUS "MONEY", and the principle driver of the House "Price" Pyramid/Ponzi Scam & Bubble, the "Credit Crunch" - and an unacknowledged major part of and cause of the ensuing Worldwide Financial Crash.
---------------------
The following was reported in a superb documentary in late 2003 - This is now 11 years ago!! Since then shamefully little has been done here in the UK by journalists/broadcasters to dig down deep on this story - a vast elephant in the room: Why? If you're a serious journalist - here's your story - start investigating - it is the biggest financial scandal of all time:

THE ARTICLES BELOW ARE FROM AS FAR BACK AS 2003!!

Mortgage customers 'urged to lie' - All this was way back in 2003 by the way!!
Housebuyers are being encouraged to break the law in order to obtain huge mortgages, the BBC has discovered. Brokers, and even banking staff, have been telling buyers to lie about their incomes to get bigger and bigger loans. And these underhand tactics could also be the reason why house prices have gone on rising for so long.
CLICK HERE - http://news.bbc.co.u...ess/3222053.stm

"Could you believe that a bank would invite customers to defraud it? It may sound incredible, but that is what some of Britain's biggest mortgage lenders have in effect been doing."
CLICK HERE - http://news.bbc.co.u...ess/3478635.stm

The BBC Money Programme uncovers massive mortgage fraud [2003!]: BBC TWO's The Money Programme has revealed a huge mortgage fraud with brokers from some of Britain's biggest estate agents and financial advice groups advising customers to break the law and lie about their incomes to get massively bigger mortgages. And it shows how the illicit cash raised by this method has been pouring into the housing market, boosting prices and leaving many people risking financial ruin.
CLICK HERE http://www.bbc.co.uk..._mortgage.shtml

AND READ THIS: - http://www.housepric...howtopic=152508
-----------------------------
WATCH THE VIDEO OF THE 2003/4 DOCUMENTARY HERE: -
Click on parts 2 & 3 as you go along watching this video.
------------------------------
AND WATCH THE LATEST VIDEO OF LIAR LOANS STILL IN ACTION HERE in 2008 - http://news.sky.com/.../20080641317257


#34 Disillusioned

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Posted 08 February 2008 - 10:41 AM

She sounds a bit scared about house price falls.

I wonder if her daughter/son or someone close to her has just bought.

Probably as a result of her advice. :angry:

Just a thought but is someone making a list of all the people who write these articles and there email addresses because when this tidal wave does hit, It might be nice to send a mass email out to each one and ask them what they think now!...

BUMP! I think this is a great plan.

My main issue with this article is the belief the Bears on this forum somehow got their forecasts wrong.


Well, that is true to a certain extent. Clearly, your forcasts were quite accurate, but there have been some howlers from us bears over the last 3 years...
The Spaniard @ Nov 10 2008 - Is there any representation system (e.g. language, maths, painting, music, dance, ......) that in your view is capable of expressing truth? Or are they all "lies"?

Injin @ Nov 10 2008 - Yup, they are all lies.

#35 Leonard Hatred

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Posted 08 February 2008 - 10:45 AM

Ashworth can only succeed if a whole generation are locked out of ever owning a home. Basically, she's just another property parasite.

#36 sossij

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Posted 08 February 2008 - 10:46 AM

Only one (very good, mind) comment has been passed for sanctioned viewing so far. Scared of a little constructive criticsim perhaps?

#37 Paddles

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Posted 08 February 2008 - 11:20 AM

I had a girlfriend with this perceptive disorder once.

She liked the radio blaring in the morning; I didn't. She thought that my wanting the radio off was "selfish".

She couldn't see that we were both selfishly wanting what we each wanted, and needed to compromise. According to her, only I was selfish. No amount of discussion could get her to see the obvious fact that we both were.

Stupid, maybe, but I would say wilfully stupid for selfish reasons. (Needless to say we are not together :lol: .)


On a similar note, did anyone read the article in the FT yesterday about the crisis in Spain? Hilarious quotes from the Spanish Prime Minister, absolute and total denial of reality. And in the same paper, Darling is wheeling out the "supply and demand", "USA only problem" arguments.

I guess if you're in either of those jobs you can't just stand up and say "it's looking really bad" but surely some mild warning is the least you can do?

[Edit - link to the FT article here http://www.ft.com/cm...?nclick_check=1]

Edited by Paddles, 08 February 2008 - 11:21 AM.

"And thus the rule, supported by the experience of centuries; the speculative episode always ends, not with a whimper but with a bang."
J. K. Galbraith - A short history of financial euphoria

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#38 OurDayWillCome

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Posted 08 February 2008 - 11:27 AM

She sounds a bit scared about house price falls.

I wonder if her daughter/son or someone close to her has just bought.

I am really pleased by her article as it shows just how angry and scared she is - why else would she write such drivel. If she is reading this my advice is to sit down love, have a biscuit, take a deep breath... high blood pressure can be a dangerous thing. ;)

Anyone posted a comment yet? Don't TimesOnline show most of them (unlike the BBC).

Edited by OurDayWillCome, 08 February 2008 - 11:28 AM.


#39 OurDayWillCome

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Posted 08 February 2008 - 11:29 AM

Only one (very good, mind) comment has been passed for sanctioned viewing so far. Scared of a little constructive criticsim perhaps?

Usually they put most of the comments up. :rolleyes:

#40 Paddles

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Posted 08 February 2008 - 11:30 AM

I am really pleased by her article as it shows just how angry and scared she is - why else would she write such drivel. If she is reading this my advice is to sit down love, have a biscuit, take a deep breath... high blood pressure can be a dangerous thing. ;)

Anyone posted a comment yet? Don't TimesOnline show most of them (unlike the BBC).


I posted one at 9am. It isn't the one that's appeared, surprise surprise.
"And thus the rule, supported by the experience of centuries; the speculative episode always ends, not with a whimper but with a bang."
J. K. Galbraith - A short history of financial euphoria

My blog from enemy territory

#41 Bearback Mountain

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Posted 08 February 2008 - 11:34 AM

I had a girlfriend with this perceptive disorder once.

She liked the radio blaring in the morning; I didn't. She thought that my wanting the radio off was "selfish".

She couldn't see that we were both selfishly wanting what we each wanted, and needed to compromise. According to her, only I was selfish. No amount of discussion could get her to see the obvious fact that we both were.

Stupid, maybe, but I would say wilfully stupid for selfish reasons. (Needless to say we are not together :lol: .)


Welcome to my world.....

#42 SMAC67

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Posted 08 February 2008 - 12:05 PM

Before we start foaming at the mouth about journalists, please remember that newspapers in particular and the media in general are simply mouthpieces for their rich owners. As a result they are no more likely to find the truth than I am likely to find Elvis working in a chip shop. Journalists are a combination of sales people, PR people, and writers of fiction. The only thing that is accurate in a newspaper is the date, and occasionally the price.

The whole establishment is running scared, and the media as their mouthpiece is trying to delay the inevitable. It doesn't matter what Anne Ashworth believes, odious though it is, the simple fact is that a recession including HPC is happening now as we type.

She will be believe it when she is made redundant and cannot sell her property.
"The wisest men follow their own direction, and listen to no prophet guiding them. None but the fools believe in oracles, for-saking their own judgement." - Euripides 400BC

#43 Guest_grumpy-old-man_*

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Posted 08 February 2008 - 12:11 PM

And the doctor wasn't being ironic? Beggars belief! I know the "bricks & mortar" mentality is hard to shake, but...really!


I kid you not. :blink:

there is more literary talent on display on this thread than in some of the editorial spat out by Anne and her team at times. She's also forgotten the seventh rule of fight club - never get personal when writing 'stuff'. Unless you are doing it from the platform of championing a cause it just comes across as bitter. However what with, for example, Rosie Millard and David Smith defending their 'positions' through the medium of their articles/rants perhaps it's now acceptable editorial behaviour <_<



there are a few posters on here that keep breaking this rule also imo. ;) I am a true realist, regardless of whether I will be better or worse off with the outcome, I just want to know what will really happen, not what I think should happen.

#44 Bearback Mountain

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Posted 08 February 2008 - 12:14 PM

Before we start foaming at the mouth about journalists, please remember that newspapers in particular and the media in general are simply mouthpieces for their rich owners. As a result they are no more likely to find the truth than I am likely to find Elvis working in a chip shop. Journalists are a combination of sales people, PR people, and writers of fiction. The only thing that is accurate in a newspaper is the date, and occasionally the price.

The whole establishment is running scared, and the media as their mouthpiece is trying to delay the inevitable. It doesn't matter what Anne Ashworth believes, odious though it is, the simple fact is that a recession including HPC is happening now as we type.

She will be believe it when she is made redundant and cannot sell her property.


Hi Anne.

#45 Converted Lurker

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Posted 08 February 2008 - 12:19 PM

Before we start foaming at the mouth about journalists, please remember that newspapers in particular and the media in general are simply mouthpieces for their rich owners. As a result they are no more likely to find the truth than I am likely to find Elvis working in a chip shop. Journalists are a combination of sales people, PR people, and writers of fiction. The only thing that is accurate in a newspaper is the date, and occasionally the price.
The whole establishment is running scared, and the media as their mouthpiece is trying to delay the inevitable. It doesn't matter what Anne Ashworth believes, odious though it is, the simple fact is that a recession including HPC is happening now as we type.

She will be believe it when she is made redundant and cannot sell her property.

good post, I've noticed a bitterness creeping into publications such as mortgage strategy and the group of publications that include mortgage introducer. I suspect there will be carnage in the publishing 'stuff about the mortgage industry' as choice is for the most part eradicated, similarly I can't see much point in; Fool, Moneyexpert or Moneysupermarket etc when no one's got any spare money to move around etc.
Propaganda is to a democracy what violence is to a dictatorship




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