Saturday, Mar 29, 2008
Spot the EAs on the Newsnight blog
BBC: Housing in Meltdown?
Here's one idiot
"I later caught the end of last night's Newsnight edition and heard the presenter, risibly, express astonishment in his review of the front pages that the Express was running a trend-bucking headline, "House prices continue to rise".
The Express is right and it's not rocket science so the BBC should be able to get its pretty little head around the idea."
Posted by doomwatch @ 11:58 AM (657 views) Add Comment
9 Comments
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1. confused76 said...
Folks.
There has been an ambush of EAs posting bullish comments in the BBC blog, with some more realistic response as below
At 09:05 AM on 29 Mar 2008, Mark Smith wrote:
With ref to the last post: We attended a property auction this week where we witnessed the majority of repossessed properties up and down the country being sold btw 10 and 50% lower than the last sale price this time last year. That's a meltdown in anyones books; if anything the BBC reporting was biased the other way with the vested interests being interviewed stating it's not that bad!
Check these facts for yourself!
LET S ALL POST OUR VIEWS ON THE BBC SITE, LET S UNMASK THE EA VI BLOGGERS
2. Jac said...
im trying to post a reply but its jamming
the post number 2 is outrageous
says price inflation is 0.6% less so a property worth 100k is now 1.1% higher. no.. a property worth 100k is now 0.6% LOWER idiot
3. Mfarley said...
I tried to post, but it kept timing out.
I thought the newsnight segment was reasonably balanced. OK, the panel was mostly VIs, but lots of stark facts were set out, most important of which was that the money lent by banks to fuel the HPI of the last decade will no longer be forthcoming.
Less money = less demand = lower prices.
All other factors fade into insignificance
4. Rentslave said...
I have tried to post, but it keeps timing out.
I actually thought the Newsnight piece was fairly balanced. The panel was a bit VI-heavy, but lots of salient facts were stated without opposition, the most important of which was that the money lent by banks over the last decade, which has fuelled the house price boom, is no longer forthcoming.
Less money = less demand = lower prices
All other factors fade into insignificance.
5. Neil said...
Ok Confused76!! I´ve posted my blog! MUAHAHAHAHAHAHAHAHA!!
6. uncle tom said...
The paper reviewer on Sky News came out with a great line today:
"I get the impression that the Daily Express is a slow learner"
Don't worry about the "have your say" comments on the Beeb site - do you seriously think anyone at the Beeb ever bothers to read them?
7. crash bandicoot said...
The EA on Newsnight was quite funny. He said something like house prices were only falling because of gossip and rumours. I wondered if these were the gossip and rumours that raised them so high in the first place. If they hadn't risen so high they would not have so far to fall.
8. it_is_going_with_a_bang said...
Gossip and Rumours?
Silly me I thought it was because they were outrageously priced and nobody can afford them any longer because half the country is virtually bankrupt.
9. inbreda said...
I don't really give a fig if it is little green fairies that are causing prices to come down. So long as they continue to do so, EAs can bleat all they want - the intelligent ones (sic) are looking for alternative employment