Tuesday, Mar 25, 2008
More wishfull thinking.....
Telegraph: UK house prices will escape America's crash
''...But - I repeat - there is a world of difference between a lower rate of growth and a 30 per cent drop in house prices themselves. And while headline writers often miss this, a fall in the rate of growth is what we're now seeing....''
Posted by hpwatcher @ 08:40 AM (867 views) Add Comment
10 Comments
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1. confused76 said...
total tosh!
look at the great comments
2. Landedgentry said...
The VI's are really stepping up the offensive despite bank failures, undisclosed losses, recession/ depression, job losses, mortgage product withdrawals etc.
Even better as they will experience more pain, humiliation and damage to reputation when it comes crashing down on them.
Ask this journo whether he is investing in property right now or if he can even afford a property.
3. paul said...
This is my favourite:
This column sounds exactly like what people were saying in California -- two years ago. "People will always want to live here. Salaries are high. California is different."
Guess what? Once the bubble pops, everything changes. When prices stop going up, no one is in a hurry to buy. Speculators stop speculating. Flippers stop flipping.
Then prices start to fall, and people who thought they could refinance out of a mortgage with a short term "teaser" rate find out that no one will lend them money when they already owe more than the house is worth.
Then the buyers really are in no hurry to buy, if they can even qualify for a mortgage.
Keep your head in the sand if you like, but you know where that leaves your other end -- waving in the breeze.
Posted by Craig on March 25, 2008 4:37 AM
Ouch. Nail on the head.
4. cyril said...
The Torygraph has always tried to sound a note of reassurance for its readers - but judging by the comments this article has misjudged their angry mood!
5. seanb303 said...
this comment says it all
My Dear Liam.
It looks like you may have an avuncular consistancy to your mates in the city...but alas the majority of posters here, reject your no doubt well paid opinions.
I shall take my advice from those ameteurs from 'housepricecrash.co.uk' well before I consider your ill informed-but splendidly renumerated views-thank you very much.
Posted by Anthony Lynton-Liar on March 24, 2008 8:34 PM
6. sold 2 rent 1 said...
You have to wonder what this article is trying to achieve.
The same media outlets push both bullish and bearish articles. Is their intent to get the whole country talking about HPC or no HPC?
HPC is not a reality TV show like Big brother or X-factor.
If we are so busy arguing our case either for or against HPC then we will never dig out the underlying corruption and truths that have got us into this mess.
This all comes back to the Zeitgeist posting from yesrderday.
Is this site here to argue with the Greenbay types or to find the underlying truths and corrutpion that are the root causes? The mass media would like the former to be the case. The internet (and consequently HPC.co.uk) say the latter. Bloggers, think about what you are trying to achieve when complaining about "so called" irrelevant posts.
7. Fools said...
excellent post s2r
8. doomwatch said...
In the words of the great Bill Hicks; "If you work in the media or advertising, kill yourselves. No really, kill yourselves..."
9. nopensionnohouse said...
He he, looks like I missed all the trouble yesterday! That’s most unlike me.
@S2R “This all comes back to the Zeitgeist posting from yesrderday.”…. And from another of your posts… “This info war is a heck of lot more complicated than I thought”
It IS a conspiracy! Lol.
But seriously:
I’m with you on the censorship thing in general (never thought I’d hear myself say that to you ;o) s2r) but on this Zeitgeist stuff and some of the other rubbish you post (yes, I can say that because it’s my opinion) I’m with the admins I’m afraid. Maybe I should sign myself up.
I hate censorship as much as anyone but you are not being censored.
You just found the limit here on HPC!
Like I have said before… I go over to another corner of the internet if I want to learn about other stuff.
10. Malct said...
confused76 @1 - absolutely - embarrassing for the paper, devastating for Liam H. loads of well informed readers.
S2R1 @6 - 'You have to wonder what this article is trying to achieve.' quite so -what have they achieved? well seems they've created a useful knowledge base of specialist public opinion on which they can plan future articles for Ambrose.
This great site gets a mention also as above mentioned worth repeating - '5. seanb303 said...
this comment says it all
My Dear Liam.
It looks like you may have an avuncular consistancy to your mates in the city...but alas the majority of posters here, reject your no doubt well paid opinions.
I shall take my advice from those ameteurs from 'housepricecrash.co.uk' well before I consider your ill informed-but splendidly renumerated views-thank you very much.'
and this one - 'Dear Liam
You are of course writing and spinning utter tosh. Shameful for the fact that this is a "serious" paper and shocking that you are getting paid for it. Wake up, read, listen and learn. May I suggest you visit housepricecrash.co.uk and enlighten yourself at no cost'
great stuff!!!
ANGRY BBC breakfast articles reckons more of us are getting more angry YEAH!!!. I can't be bothered, but I'm not too impressed by the lobby group that pressure admin to delete S2R's article expanding on the ZG word. I've logged on to this site often for a couple of years and every day since last July. Yesterday I finally cracked and posted a comment only to see it vanish before I could read all the comments or save it (I have now thanks S2R) Now the last thing I want to do (as I have various articles of my own to post) is to upset admin albeit via a small group of tunnel vision narrow minded GreenBay types that seem able to influence admin to the point of censorship without comment or explanation, but this is simply NOT ON. If these freaks can't handle it they don't have to read it, they can find another site (try Telegraph) Try this, one sentence glued to UK house prices - When banks create money out of nothing (FRB) (DEBT) they don't create the interest, that they take from us, all of us, via ND if nothing else. No here's my post from yesterday -
17. Malct said...
Sold2rent1, Ju and all - truth needs to be discovered not told - very true - but sometimes a signpost is handy. IMHO if we add to Zeitgiest, BBC's Century of Self, BBC WTC7 prophesy, Money as Debt eg and etc at least for now, (1) a short study of PONEROLGY (see Laura at Signs of the Times) and (2) the book/film 'The Corporation' (corporate psychopathy) things begin to make a lot more sense. No need for Icke's reptiles! For balance see also 'Human Givens' All this has absolutely everything to do with house prices and anybody who thinks otherwise is an idiot. (IMHO) (new compromise 'needs to catch up on their homework')
kindness
Malct
Monday, March 24, 2008 02:54PM
and the one following
18. Cybervigilantes said...
Fully agree with you Malct. Ponerology is the study of evil for political purposes, reading Lobaczewski's book and the daily news from signs of the times (sott.net) has certainly given myself a far greater understanding of why the world is in the state it is and what we can do about it. The collapse in house prices is of course related to the larger capitalist system which like it or not is in the hands of greedy self-serving individuals. They have no conscience and yet dominate the lives of normal people.
Another must see video is Arun russo's "America from freedom to fascism". It discusses the role of the FED, big business and the IRS. part 1 of 11 can be watched here: http://www.youtube.com/watch?v=3ueEfRXZCVA
Monday, March 24, 2008 04:27PM
today
9. nopensionnohouse said...
He he, looks like I missed all the trouble yesterday! That’s most unlike me.
now's your chance npnh but do try to keep to matters relating to house prices.