Monday, Jun 18, 2007
Will Yolanda be proven right or wrong?
Times: Listen to the house price debate (Webcast)
Let us face it, this is the only country in the world where "experts" presenting to a crowd of BTL idiots are in fact estate agents! Do they have some vested interest? Do they talk sense? Nooooooo....
Posted by confused76 @ 09:11 PM (139 views) Add Comment
6 Comments
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1. Scott said...
As well as being an IT expert, I do electronics and "stuff" on the side. It just so happens that I have one of those new audio lie detectors from gadgets dot co dot uk. I had it on while listening to this audio feed. Very revealing. The second guy's voice fluctuations are more revealing than that of any of the other speakers. I suggest you all get one, switch it on and then play this audio feed again.
2. Fwb said...
I like how EA admits that he sits next to an economist that thinks there is going to be a house price crash, but has been saying that for five years. He doesn't think he's going to be right though.
The bigger the bubble...
3. Alan said...
Listening to this debate, I'd expect house prices to continue to rise steadily in the months ahead in London and commuter Essex, where I live.
Listening to all the people I know, affordability is a key issue for new buyers lower down the chain.
Mmmmn....
4. Orwell said...
Will Hutton is the person to trust on this!
5. george monsoon said...
Jeesus!! the market is going to crash. No matter what anyone does to try to stop it. Its already begun and the house crash will be the tip of a much bigger economic iceberg. We are in dire sh**, all of us and this is because politicians and bankers put personal short term interest above the wellbeing of the country economy.
This farce has been allowed to roll way beyond the control of the government or banks or EA's ... Its too late, the eleventh hour came and went about 2 years ago. Now we are on borrowed time and its going to affect each and every person, not just here but anywhere in the developed world. Once China goes bang, America will follow, Britain, most of Europe, Japan, India...etc.. I think now would be a good idea to bag any cash you have and stuff it under the matress.
I predict a massive crash on the global stock market, the likes of which has never been seen before. I can see banks desperately trying to claw back money from the increasing number of bad debts.. Intervention by the government with huge interest rates to prop up the failing pound, runs on the banks when news gets out about how shakey their future looks.
More and more companies going bust, huge unemployment which will burden the welfare state to the point of collapse.
Yes, I do believe this will happen, I don't want it to happen, but wake up and smell the coffee..!!
I wish I could have my two minutes on question time. I would be in all the papers after throwing red paint all over the panel.
6. wage slave said...
The phrase 'may you live in interesting times' comes to mind.
And we will be soon.