Wednesday, Apr 18, 2007
VI's getting stressed over the 'C' word
www.belfasttelegraph.co.uk: Property analysts slam 'sensationalist' RTE documentary
Property analysts have described last night's TV document about a possible crash in the housing market as sensationalist and irresponsible.
The Future Shock documentary on RTE claimed property prices could theoretically fall by up to 30% in some areas due to overvaluation as a result of the recent boom.
However, experts say this scenario is highly unlikely to ever materialise and homeowners should not be too worried.
Marie Hunt from CB Richard Ellis says "irresponsible" scare stories like that examined in the programme can actually damage the property market and the economy in general by undermining confidence.
Posted by cash_buyer @ 12:13 PM (148 views) Add Comment
13 Comments
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1. confused76 said...
Watch the broadcast on the HPC at
http://www.rte.ie/news/
2. confused76 said...
Listen to Morgan Kelly's tirade against the "paid cheerleaders" on RTE (link above), "It s a classic bubble, it is going to end in tears!!"
and a "paid cheerleader" actually responding "but it is all different now!" and "look at Arizona"
Ireland strikes me for being one of the most unpopulated countries of Europe... how can they claim strong housing fundamentals... ??
I think the UK crash will be sparkled by Ireland
3. Tara747 said...
This prog is causing all sorts of chaos among Irish VIs, it's great!
4. Davros said...
Well done Morgan Kelly, superb stuff.
5. Andy said...
Marie Hunt should also know that irresponsible "glowing" stories also influence the property market and damage the property market and the economy by providing irrational over confidence.
I think one story in the negative extremes alongside the hundreds i have been watching in the positive extremes allows people to make a more balanced judgement.
6. royston said...
"Marie Hunt from CB Richard Ellis says 'irresponsible' scare stories like that examined in the programme can actually damage the property market and the economy in general by undermining confidence."
- Oh, and VI's like you puffing up prices to levels that are completely unsustainable in the long term is OK, then, is it, Marie?
7. george monsoon said...
It looks like there is only one group of people scared by all this. The V.I's themselves. It is wonderful to see them on the back foot for a change.
8. george monsoon said...
and... Marie Hunt from CB Richard Ellis says "irresponsible" scare stories like that examined in the programme can actually damage the property market and the economy in general by undermining confidence.
Well if this is the case, what about all the positive spin and over zealous media coverage in recent years, that have helped to create the mess we are in already..!!
9. doomwatch said...
"Just like a road runner film". Morgan Kelly is der man.
The spekky analyst was totally out classed.
10. Bearorbull said...
"Marie Hunt from CB Richard Ellis says "irresponsible" scare stories like that examined in the programme can actually damage the property market and the economy in general by undermining confidence."
So is it speculation keeping prices high or the fact that Britain is a small densely poplulated island? Come on make your mind up.
11. pedagog said...
So when are the Beeb going to put out a similar programme on BBC1 at prime time?
I might need to buy a hat in order to protect me from the pigsh*t dropped from above.
12. doomwatch said...
pedagog you missed it. It was on the 10pm BBC1 news on Friday.
Think they picked that slot to minimise exposure, as most people out drowning their debt sorrows.
13. Scott said...
doomwatch has a point. However, you cannot hide a crash when it comes. You cannot over-extend yourself and then hide under your bed with a blanket until it all goes away. The fact that a crash is being discussed brings us one step closer.