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All this took place on 6th August, on BBC Radio 2 just after the 1 O'Clock news.
Download recording (5.2MB MP3, 11 minutes, 23 seconds)
This post has been edited by Financial Planner: 09 August 2008 - 08:06 PM
B B C Radio 2 Jeremy Vine Show 06.08.08
FP goes head-to-head with Gordon Brown (estate agent)
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#1
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Posted 06 August 2008 - 11:13 AM
Financial Planner talked to Matthew Bannister (in for Jeremy Vine) about the proposed package of changes to stamp duty along side an estate agent aptly named Gordon Brown.
All this took place on 6th August, on BBC Radio 2 just after the 1 O'Clock news.
Download recording (5.2MB MP3, 11 minutes, 23 seconds)
All this took place on 6th August, on BBC Radio 2 just after the 1 O'Clock news.
Download recording (5.2MB MP3, 11 minutes, 23 seconds)
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#2
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Posted 06 August 2008 - 11:51 AM
Gordon Brown (EA) was on Radio 4's PM yesterday and actually sounded pretty cool;
"Been here before (in business for 30 years), but this time is worse"
"Stamp Duty Holiday won't help"
"Only answer is lower prices (and more lending)"
"Bubble was ridiculous"
"Lending was ridiculous"
"We were warning about this and the only way out is to let the bubble burst..."
"Worse than last time"
Comments on the programme included one asking if we could swap Gordon Brown's as the new one sounded much better!
As for today, Go FP! But play nice with someone who at least appears an ally...
"Been here before (in business for 30 years), but this time is worse"
"Stamp Duty Holiday won't help"
"Only answer is lower prices (and more lending)"
"Bubble was ridiculous"
"Lending was ridiculous"
"We were warning about this and the only way out is to let the bubble burst..."
"Worse than last time"
Comments on the programme included one asking if we could swap Gordon Brown's as the new one sounded much better!
As for today, Go FP! But play nice with someone who at least appears an ally...
"‘Historically, societies that seek high levels of instant gratification and are willing to borrow against future incomes to achieve it have more often than not suffered inflation and stagnation. The economies of such societies tend to run larger government deficits financed with fiat money from a printing press.
Eventually, the ensuing inflation leads to a recession or worse, often because central banks are forced to clamp down...I regret that the US may not be wholly immune to it."
Alan Greenspan in "The Age of Turbulence: Adventures in a New World", 2007.
"It is difficult to get a man to understand something, when his salary depends upon his not understanding it"
Upton Sinclair
Eventually, the ensuing inflation leads to a recession or worse, often because central banks are forced to clamp down...I regret that the US may not be wholly immune to it."
Alan Greenspan in "The Age of Turbulence: Adventures in a New World", 2007.
"It is difficult to get a man to understand something, when his salary depends upon his not understanding it"
Upton Sinclair
#3
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Posted 06 August 2008 - 12:12 PM
This 'Gordon Brown' is now saying a SD holiday may help!
#4
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Posted 06 August 2008 - 12:15 PM
Give 'em both barrels FP.
#5
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Posted 06 August 2008 - 12:17 PM
Gordon Brown 'price correction not a bad thing'
not PM Gordon Brown though.
not PM Gordon Brown though.
#6
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Posted 06 August 2008 - 12:18 PM
the anti krust, on Aug 6 2008, 01:15 PM, said:
Give 'em both barrels FP.
What dont they understand about falling prices and market
#7
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Posted 06 August 2008 - 12:21 PM
Absolutely Blinding performace FP - Well done!!
"Communism doesn't work because people like to own stuff."
Frank Zappa (1940 - 1993).
Frank Zappa (1940 - 1993).
#8
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Posted 06 August 2008 - 12:21 PM
I loved the deathly silence when poor Gordon got cut off. I thought he was in total stunned silence for moment 
Yes, well done FP
Yes, well done FP
This post has been edited by Bockaaarck: 06 August 2008 - 12:23 PM
#9
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Posted 06 August 2008 - 12:22 PM
billyslad, on Aug 6 2008, 01:18 PM, said:
What dont they understand about falling prices and market
Homes are overvalued.
#10
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Posted 06 August 2008 - 12:22 PM
Didn't get the chance to counter the EA's "rents are rising" tosh.
#11
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Posted 06 August 2008 - 12:22 PM
Excellently put as always FP!
I liked the 2011 'bottom out' forecast with the 'U' shaped analogy
I liked the 2011 'bottom out' forecast with the 'U' shaped analogy
'The property market's twilight period is coming to an end. The past few months have been like the first two hours on the deck of the RMS Titanic after it struck the iceberg. To start with, no one could believe it was sinking. The ship was still well above water and even as the first lifeboats were lowered into the sea, many passengers were reluctant to leave.' Edmund Conway, Telegraph 03/05/2008
#12
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Posted 06 August 2008 - 12:23 PM
billyslad, on Aug 6 2008, 01:18 PM, said:
What dont they understand about falling prices and market
That was pretty good stuff. FP left no-one in any doubt about the maths of a stamp duty holiday.
Now, let's hear the comments from Joe Public...
delusion, de.lu.sion; defn: A typical housing VI's assessment of the current state of the market, eg:
Added by Chris on 2012-03-17 11:46:02
I'm not saying that the market WILL pick up this year, but in my opinion 2012 is the last year of low house prices....
Added by Chris on 2012-03-17 11:46:02
I'm not saying that the market WILL pick up this year, but in my opinion 2012 is the last year of low house prices....
#13
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Posted 06 August 2008 - 12:25 PM
billyslad, on Aug 6 2008, 01:18 PM, said:
What dont they understand about falling prices and market
FP, good effort. The EA to be fair, was a honest chap for a change. I really think the sentiment has finally gone. god forbid the price falls we will see.. as FP pointed out, this is going to be GC2 for a number of reasons... more like 2XGC.....
I think people are starting to FINALLY listen. The ea pointing out our economy is based off the housing market was an eyeopener. I am seriously gearing up towards planning purchase in the next 15 months. As FP said though, no rush... My "in" point is when Mortgage rates start to head down... Planning 10 year Fix rate mortgage with option to pay off excess each month... Plan is to have mortgage paid off by 40.
#14
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Posted 06 August 2008 - 12:31 PM
Good, clear facts from FP again.
liked the text comments from the public so far.
Wonder if any of them came from hpc'ers ?
liked the text comments from the public so far.
Wonder if any of them came from hpc'ers ?
#15
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Posted 06 August 2008 - 12:36 PM
Strange to have two bears in one interview.
This post has been edited by Bloo Loo: 06 August 2008 - 12:36 PM
WARNING
Your
country is at risk
if you
do not keep up repayments
on a gilt or other loan secured on it
Your
country is at risk
if you
do not keep up repayments
on a gilt or other loan secured on it