Friday, Jan 18, 2008
Quite a change of tune and stupid advice from Judith Heywood
Times: How to beat a property market slowdown
The market is cooling; mortgage lenders are getting meaner. But learn the rules and the slowdown could work to your advantage. Take out an interest-only mortgage for the first couple of years. Generational subsidy could be the answer: persuade your parents to lend you a deposit that can be returned to them when you sell. Selling prices are on average 6 per cent below asking prices. But don't upset the seller by offering too low. Remember that you are buying a home rather than trying to make a killing. Buyers looking at £1million-plus homes do not mess about; unless you are in a cash-rich position, you are not going anywhere. Buy quality: You don't want to be stuck with something that ends up being the next worst thing, rather than the next best thing. MWAU HAHHAH AHA HAHAH
10 Comments
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1. Davros said...
With houseprices ready to plummet after 10 years of rises, there's never been a better time to buy a house!
2. japanese uncle said...
Letters of Designation of Professional Property Charlatan (PPC)
Date: 18/Jan/2007
To: Judith Heywood
From: Institution of Professional Property Charlatanry
Re: Designation of Professional Property Charlatan (PPC)
You are hereby designated as Professional Property Charlatan (PPC), in consideration of your recent valuable contribution to the rigging of the UK property market by offering effective propaganda to the potential house buyers, without regard to the damage to your personal reputation (if any remaining). Demonstration of such selfless dedication to the industry deserves our utmost recognition and appreciation. In particular, the phrase as follows in your most recent article in the Times (18/Jan/07 issue) shall be remembered long in the halls of property charlatanry as one of the classics.
"Take out an interest-only mortgage for the first couple of years. Generational subsidy could be the answer: persuade your parents to lend you a deposit that can be returned to them when you sell."
Yours Sincerely,
Humpty Dumpty,
Chairman
International Institution of Professional Property Charlatanry
3. Paul said...
This sounds like financial advice to me. Could she be sued if so brainless wonder follows it?
Total shameful advice by the unaware!
4. sovietuk said...
usual claptrap from the times property section
5. crash bandicoot said...
If she actually has property investments/interests and is trying to influence the market with this "advice". Then her crime is equivalent to that of Piers Morgan and his "City Slickers" articles. Is this industry totally unregulated?
6. confused76 said...
More cr@p from the Times
http://property.timesonline.co.uk/tol/life_and_style/property/article3205763.ece
7. dbnazz1 said...
The words of a complete moron!
8. inbreda said...
Well, I found it all rather insightful and intellectual. I wonder if they know how to fix old cars?
9. george monsoon said...
This woman is absolutely terrified, and is behaving like a barister with an obviously guilty client, trying to push a gossamer thin argument to the bench.. lol...
10. yorkshireman said...
Not satisfied with shafting our younger generation, they want to do the same to the older generation or the Bank of Mum and Dad as they like to call us. Is their no limit to these people's greed and indifference ?