Saturday, Apr 19, 2008
Krusty blasts HPC.co.uk
Telegraph: Locating the cause of the property crisis with Kirstie Allsopp
With her meandering curves and no-nonsense approach, Kirstie Allsop was voted one of the world's sexiest women.
She lives in not one but three small flats, bought at different times, with a huge painting in the hall saying, "Why Rent When You Can Buy?"
The people she finds most irresponsible are those who are trying to whip up fear.
"There is a website called Housepricecrash.com and I am their deadliest enemy. They all rent and have a vested interest and enjoyment in watching others suffer. That's sick. Schadenfreude is absolutely disgusting and a terrible trait. There has been overpricing in some areas but this is not America. We are not going into freefall unless we panic ourselves into it."
Posted by little professor @ 01:21 AM (2994 views) Add Comment
79 Comments
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1. Amjidk said...
Why on earth would this woman think that such high house prices could be a good thing? we must be so evil trying to bring them down!
2. Peter Kiddle said...
This overweight and intellectually challenged woman has done more than most to seduce the stupid into vastly over-paying for property. She is silly beyond words.
3. samone said...
"The only thing that makes my blood boil is that they will have to find £2,000 in stamp duty."
You know, the one thing she should be grateful for is that people do have to pay stamp duty. By having some immediate tax like stamp duty you put off speculators (esp. those low on cash) i.e. like the flippers you had in the US. I know people were stilling flipping here in the UK, but nowhere near as rampant. Additionally is not like she’s going to suggest a seller is going to leave that extra two grand to the buyer to help with moving in costs. is she??
And while she doesn’t like HIPs, what they tried to address is that when a transaction takes place what really needs to happen is that one person/group should do a survey and everyone in the transaction should be able to use that as template of the property’s condition/value. The reason why that doesn’t happen is because truth be told whoever you get a survey from; it really isn’t worth the paper it’s printed on. It’s a gravy train to bump up fee costs. I mean, when’s the last time someone tried to sue a surveyor for missing something on a survey? (Read the disclaimer tagged on the end of one!)
--Banks, not estate agents, are the bogeymen. "Estate agents are sales people. If you go into Harvey Nichols and buy a dress, you do not expect the assistant to tell you that pink isn't your colour and you look fat.''—
Well perhaps then ‘estate agents/sales people’ shouldn’t give financial advice you clever little bint. An economist says “we can see a bubble because the trend isn’t following what we understand to be the fundamentals based on 25/50/100 years of data” an estate agent says, “well it went up by 5% 2 years ago, 10% last year, so must be 15% this year.”
Rightly or wrongly when the market was on the up, she decided which camp she belonged in. too late to change, too late to suggest she’s been misinterpreted.
The only property pornstar who’s managed to get it right is Sarah Beeny, she often suggested some success stories were based on the market going up, and some people were succeeding despite their mistakes/stupidity. Ahhh Beeny, Beeny, Beeny.
On that thought: time for bed.
4. who stole my pension? said...
Perhaps we are now reaching the anger phase!
5. hpwatcher said...
''...There has been overpricing in some areas but this is not America...''
No you are right, here things are going to be much worse!
I think this woman's TV career is effectively over. She personifies the very worst greed of the housing boom, and pushed the idea that a house is no longer a home, but merely an instrument to extort - via fear of never being able to buy - large amounts of money from people who can ill afford it.
She is completely finished.
6. Blindleadtheblind said...
While I admire her selfless regard for peoples right to have a roof over the family head, and also agree with her on stamp duty and HIP's, poor Kirstie's got a fairly one dimentional and naive view of the property market and her role in same. Her comments of Schadenfreude re this website is no different that the selfish I'm alright jack attitude of many when the market was rising, a fact she should acknowledge. The fact remains that UK housing is too expensive and the falls being seen now will be the norm for many years and will I fear be similar to those being witnessed in the US. Owning a home is a fine idea and bought at the correct time can provide many benifits, security, inheritance etc. Bought at the wrong time in a period of silly lending practices and even sillier prices is a recipe for disaster, a fact that will cause millions of people years of financial and emotional turmoil. These are the facts Miss Allsop, the sooner you recognise them then maybe you will be better able to offer advise...until then.. best be seen and no heard.
7. gone-to-colombia said...
I agree, bye bye what ever your name was.
Soon ever her memory with be thought of with nothing more than a minor shudder.
8. japanese uncle said...
Public enemy No.1 rather than the deadliest enemy of a particular website.
9. stillthinking said...
If we aren't going into free-fall then why bother denying it.
10. indiablue19 said...
Odd to bring national attention to the HPC website she purports to loathe. Not the brightest cookie in the jar, but then that was never a secret. She lives in three small flats? What about her husbands real estate empire then? They live separately and not in his mansion?
11. indiablue19 said...
PS ......Her assumption that American defaults were "bought" by Britain is ludicrous. You wouldn't run out and buy what you already own? Wake up Kirstie, British interests own the Federal Reserve Bank and control it by owning ALL the banks within it. The Federal Reserve Bank runs on British instruction because a few wealthy Brits control/own the Federal Reserve. This information has been public for ages now, why does no one bother to absorb it? Please read on if you didn't last time these were posted:
http://news.goldseek.com/GoldSeek/1095269452.php
http://www.save-a-patriot.org/files/view/whofed.html
No doubt just as Britain caused the last Great Depression playing havoc with banking guidelines and stock markets, its financial emperors will cause this one as well. Perhaps Kirstie, and all of us, should question THEIR motives. What do they gain by putting whole nations into the rubbish and starving millions?
12. layers said...
Well Kirsty, I do hope you are around in 2 years, 'cos even you wont be able to say 'alledged' and 'crash'!
BTW I take it she doesn't actually mean housepricecrash.com? rather .co.uk? Probably sloppy journalism.
13. techieman said...
Oh dear - deadliest enemy? Silly girl. Amongst World's sexiest woman? Silly girl. Why rent when you can buy? Silly girl. Vested Interest? Silly girl. "they" all Rent? Silly girl. 36 years old? Silly girl. Janet and John economics? Silly girl. Anyone for publishing her views? Silly girl. This is not america? Silly girl. Ever increasing unaffordability? Silly girl. Listen as well as talk? Silly girl. No concept of credit inflation and debt bubbles? Silly girl. Not playing the property cycle? silly girl. Linear projections in a cyclical world? silly girl. Sucking in people that really cant afford to be sucked in? Silly girl. Daddys millions? Silly girl. Married to a "property tycoon" silly girl. Grating anoyying accent? Silly girl.
14. Fed Up said...
Is it any coincidence that women with inflated assets are used to present these programmes?
15. techieman said...
Samone - yes you are 100% right.Saucy Sarah is the girl for me! - How do i join the queue?
16. uncle chris said...
"There has been overpricing in some areas but this is not America."
Yes Krusty, it's not America and because of that it will be far far worse here. Have you ever bothered to check just how in debt the average UK citizen is. The property crash in Japan has lasted 20 years, so I would start thinking about another line of work. Get used to it, the crash is underway. How about hosting a "weight loss" series.
17. Bug16 said...
"There is a website called Housepricecrash.com"
I thought we were ".co.uk"?
Either way it's always nice to know I'm annoying such self absorbed celebrities. :)
18. confused76 said...
AHH AH HAHAHAH AH HAHAHA HA HAHHAHHAHAH
19. Baudot said...
Hilarious, Ms Allsopp accuses housepricecrash of "vested interest". Pot, kettle, black ?.
20. Scouser said...
'but she admits there will be victims of a slow-down. "Many will have been irresponsible, but there will be some desperately sad stories, often combined with family breakdown from people who were lent too much by the banks.'' '
She says carefully trying to distance herself from the impending disaster & associated stories. It is going to be very difficult to rationalize away all those enormous bids made on property that have been laid down on film.
Perhaps we'll get a program called '100 biggest property blunders' where the actual price bid on these property programs and the current valuation are compared. There is probably enough material already without waiting for the crash to get any worse.
21. japanese uncle said...
The next strategies could be fine arts rigging, bringing about yet another story of 'sever shortgae of supply'.
22. justwatching said...
"I don't have a problem with people on my shows buying a house that has been repossessed'
Oh my word.
Oh dear. Has she no shame, what about the misery she has helped to cause?
23. justwatching said...
Its now time to see how many have bought on her show, then been repossessed.
24. it_is_going_with_a_bang said...
One of the world's sexiest women - what? You have to be kidding me.
Another VI trying to sneek a "Get Out" card into her debating :
"We are not going into freefall unless we panic ourselves into it."
I.e. When it does happen it's only because we talked ourselves into it.
Not that excuse again. When people get into unaffordable debt that is usually the reason - because they never stopped to think about the consequences of their actions and debate/talk about it properly.
More a case of not talking themselves out of it in the first place. Encouraging people to take on debt they cannot cope with is totally irresponsible.
What a muppet.
25. Unplugged said...
Kirsty taking on economists! Thats interesting. Poor girl will soon find herself way out of her depth. She 'seems' naive to me. Maybe she genuinly wants the best for people while at the same time becoming a rather rich 'celeb'. Shes only human!
@Indiablue If there is any truth in that then the implications are terrifying. Some of the 'conspiracy' stuff on the web suddenly becomes a lot more realistic. How sound is that information.
The net is one massive information overload. There is too much doubt. Nobody could even attempt to work out whats real or not (at least not without some serious thinking!). And with everyone panicking about there house prices and jobs whilst still trying to get a fix of self indulgence. Most people are incapable of seeing anything close to the truth let alone doing anything about it! Myself included LOL
26. uncle tom said...
"They all rent and have a vested interest and enjoyment in watching others suffer"
- Actually, I own my house outright - I should sell to rent, but moving is such a hassle, and I like where I live.
- Who has had a vested interest in creating a situation that will inevitably lead to people suffering? Not me. I am not the architect of this bubble, and I'm proud to have done my bit warning others not to over-borrow, warning that a bubble was forming, and that a burst was ultimately inevitable.
Ms Allsopp, you are guilty of promoting an epidemic of greed that will cause millions to suffer financial calamity. It is a shallow diversion to hark on about HIPs and stamp duty. The best thing you can do now is to shut up and go away.
27. mark wadsworth said...
As the Germans say "Schadenfreude ist die schönste Freude" so stick that in your pipe and smoke it, Krusty.
28. captain sensible said...
"There is a website called Housepricecrash.com and I am their deadliest enemy. They all rent and have a vested interest and enjoyment in watching others suffer."
Proves that this woman can't be bothered to do her homework before openning her mouth. I 'own' rather than rent, but still look forward to prices falling back to sensible levels. The Tories are in the best position for years as Brown's 'golden economy' implodes. The most likely way that Cameron will blow this chance is by allowing traditional silver spoon tories such as Krusty to open their mouths in public in the name of the party.
29. sold 2 rent 1 said...
Me thinks she has been "common purpose" brainwashed
30. Orwell said...
Ms Allsopp, you are guilty of promoting an epidemic of greed that will cause millions to suffer financial calamity. It is a shallow diversion to hark on about HIPs and stamp duty. The best thing you can do now is to shut up and go away.
31. This comment has been removed as it was found to be in breach of our Blog Policies.
32. voiceofreason said...
unclt tom @18. Same here. 100% owned and living in it - how old-fashioned eh !
Re Schadenfreude, isn't that what Silly Girl and Fill have been doing to non-property owners for the last 7 years ?
Meanwhile, keep shooting us messengers !
33. Orwell said...
I wonder though, why she lives in three flats as well. Either she and her husband are lying about their assets (financial) downwards (for Revenue purposes - Mr. Brown take note) or upwards (for kudos in the property porn 'industry' ).
Maybe they are very highly leveraged? I hope they are because as house prices are going to continue rising then they will be able to take the benefit and won't go bust will they?
34. last_days_of_disco said...
@mark wadsworth
:-D Yeah, I know.
I can see how Marx got his ideas by looking at Britain:
And now we are about to vote these Lords and Ladies back into power via the conservatives. This is the problem Labour has utterly betrayed its roots and now there is one ruling class and they are turning back into a bunch of inbred clueless toffs. Who engineered this miracle economy?
Do you think Kirstie will still have access to all these conservative nobs when they are in power. Absolutely. We have an untouchable class who are running this country with only a side thought for the real majority. And when the suffering comes around, they just move on to their next project. And us poor "unfortunates" or their favourite phrase "you people" are just left out in the cold.
35. Hope said...
i think krusty must be getting sick of chewing her trilby ah ah ah ahhhhhhh
36. sold 2 rent 1 said...
Daughter of Lord Hindlip, former chairman of Christie’s - has the distinct smell of CP
http://video.google.co.uk/videoplay?docid=187314750971510938
37. Ijjhall said...
Kirsty's face fills the front page of the Telegraph. She really is allowing herself to be the upfront poster girl for this bubble/crash. Shouting over Will Hutton !! Only one of the foremost economists of his generation...Who is advising her ? Privately she must be worried despite all the bluster.
38. magnifico said...
Sounds as if people on this website are renting just to spite Her Majesty. Some of the people are renting, others have put back plans to trade up to accomodate their expanding families, all of us encouraged each other to hold our nerve and not give in to the prevailing property hysteria during the last few years. We were considered naive and lacking ambition but we have been proved right, sorry if this upset a few people, not!
39. Bananasplit said...
She must have been mis-quoted; they all rent and have a vested interest in houseprices returning to true market value so that buying a home is affordable and banks and those involved in property sales are not profiteering on the back of key workers and those that are low paid......Thats what she meant !
40. Driver said...
OMG - I thought the blog quote was a joke but she really did say all this. She really hates this site.
41. letthemfall said...
"Why Rent When You Can Buy?" Or, put another way, Why Pay Less When You Can Pay More? Or, Why Be Smart When You Can Be Dumb?
"Allsopp, who never went to university..." No kidding! Unintelligent would be a mild accusation. But at least she can't be called a dumb blonde.
"There is a website called Housepricecrash.com and I am their deadliest enemy". HPC has no deadly enemies. But we can't help but pour scorn on rather dim people who contribute very little to the economy while taking a lot from it. Says quite a lot about our society when people like this gain so much notoriety. Still there are worse, but they get most of their publicity in the tabloids.
42. doomwatch said...
I like the very next line after her paranoid rant about the HPC site: "Allsopp, who never went to university, is prepared to take on the economists."
"Lives with Ben Andersen, a property developer."
43. dohousescrashinthewoods said...
Uncle Tom, I second. Particularly:
- I'm proud to have done my bit warning others not to over-borrow, warning that a bubble was forming, and that a burst was ultimately inevitable.
44. Dohousescrashinthewoods said...
Try this for size:
Goading people to give up their freedom and irreparably harm themselves in order to serve your own ends sounds more akin to the motives behind a suicide bomber camp than a stable economy.
Controversial? Yes. True? Think about the motivations: steal and distort something valuable to ordinary people (be it their religion or their home) feed them spurious arguments (be it infidels or immigration) and then whip them into a frenzy with impassioned but quite nonsensical rhetoric (be it "we must fight" or "you'll never be able to buy"). There is absolutely nothing wrong with owning a home, but when it is twisted, pumped and hounded with fear, panic and greed, I think you'd have to agree, it becomes something nasty.
If you think noboby ever got hurt or died from buying houses, consider this: have you noticed the increased numbers of suicides on the railways? Have you noted the swelling volumes of distressed callers to CAB? Have you counted the radio adverts for IVAs and rent-back schemes that prey on the desperate? I know personally of a wife and kids who walked in to their home to find the body of their dead husband and father. He had hanged himself because he couldn't cope with the debt they were in.
Kirsty, we here are not the bad people. This site is a voice of reason and will continue patiently and urgently stating the obvious.
45. dohousescrashinthewoods said...
Try this for size:
Goading people to give up their freedom and irreparably harm themselves in order to serve your own ends sounds more akin to the motives behind a suicide bomber camp than a stable economy.
Controversial? Yes. True? Think about the motivations: steal and distort something valuable to ordinary people (be it their religion or their home) feed them spurious arguments (be it infidels or immigration) and then whip them into a frenzy with impassioned but quite nonsensical rhetoric (be it "we must fight" or "you'll never be able to buy"). There is absolutely nothing wrong with owning a home, but when it is twisted, pumped and hounded with fear, panic and greed, I think you'd have to agree, it becomes something very nasty.
If you think noboby ever got hurt or died from buying houses, consider this: have you noticed the increased numbers of suicides on the railways? Have youu noted the swelling volumes of distressed callers to CAB? Have you counted the radio adverts for IVAs and rent-back schemes that prey on the desperate? I know personally of a wife and kids who walked in to their home to find the body of their dead husband and father. He had hanged himself because he couldn't cope with the debt they were in.
Kirsty, we here are not the bad people. This site is a voice of reason and will continue patiently and urgently stating the obvious.
46. Bananasplit said...
Letthemfall said...
Kirsty Allsopp is not unintelligent, she is blinkered by houseprice inflation and even though house prices have always gone up and down she believes they can only stay over inflated and is happy for low paid and key workers to sit on the side lines leaving home owning to the more well off !
The suggestion that a degree is a measure of intelligence is rediculous.
47. waiting for the crash said...
I dont understand
The article title says 'Locating the cause of the property crisis'. But nothing in this article has anything to do with the property crisis, just a happy smiley piccy of krusty talking about her frustration of market falling apart, scapegoating a property website, chatting about her family etc. What an indepth article it is really contributes to discussion Krusty.
She would be better of becoming an MP - second thoughts would I want someone who has no techincal qualifications nor done a 9-5 job being Finance, Housing (god forbid) Family minister?!? Probably not.
48. titaniccaptain said...
Great Krusty in denial made my weekend blaming us.....all we want is a country with fair house prices not prices that enslave us to mortgages.....Great news im off to do a gig in nantwich then a break see ya all soon. Thanks Krusty youve put a smile on my face
49. Davros said...
Hang on, on the one hand lack of supply will support the market, there arn't enough houses etc. etc. Then the next minute we can talk ourselves into a housing crash!?
Which is it? Either economics dictates that the crash is impossible or that's made up in order to keep the party going for those who've a vested interest in that happening.
Sorry love, but there's nothing you or anyone else can do about it, so grow up.
50. indiablue19 said...
Oh yes, Kirstie, and here's one from MoneyWeek you won't want to miss, explaining why the UK crash ISN'T related to US subprime mortgages at all, but a sleazy event of it's own -- AND why it will be a far worse disaster than the US crash as well. Sooooooo...curl up on those raggedly old pillows and dented furnishings in one of your three flats and just have a read then!
http://www.moneyweek.com/file/43831/why-the-uks-property-downturn-will-be-worse-than-americas.html
51. Stevie Dee said...
I feel sorry for her husband/boyfriend, can you imagine being married to her? Frightening thought!
52. alan said...
LP,
Thanks for the post. After reading the previous 30+ comments, not much more I can add.
The HPC site must be prepared for a backlash - this is the start.
53. Cstanhope707 said...
Uncle Tom how can you be so rude about the person voted the Most Sexiest Woman in Britain.
Anyway Kirsty you obviously read this site so you may see my comment..
[1] Interesting that you label the people on this site as getting joy out of other peoples missery yet you have no problem with people profiting from a repossesion.
[2] What "URKS" most people is that after the tinest fall in property prices the calls go out for a Tax Payer Funded Bail Out. My dear it is a free market and those that profited from that free market should accept the risks and not expect a Socialist style handout to mitigate that risk.
[3] Have a look at Uncle Toms post about Japan funny how that never gets mentioned.
[4] True the USA has lots of land but people still mostly live in very crowded cities for work. A house in the middle of Ohio ain't much good if the jobs are in Chicago now is it. Plus there are limits to the amount of time one can commute for....
[5] Your statement about the contributors to this site all rent is yet another lie!!! Many Many posts are by owners who wnat to move up the ladder but can't.
[6] At the end of the day Kirsty the Taxpayer does not owe you, Estate Agents or property speculators a living...
[7] I do however agree about stamp duty the only policy so far that makes any sense....
54. Andrew said...
has she eaten her hat yet? i do recall she promised to do so.
55. Stevie Dee said...
@alan,
when people visit hpc, they will be able to make their own informed judgement, but I believe hpc will confirm what they already know, let's face it, all that's been in the news this week is property values dropping. And the Ms Von Allstropp's of this world denied this could or would ever happen. Shame she atracts such coverage. She's dangerous with a camera, god know's what she would be like with a knife in her hand. "Ms Kirstie Alstropp - Step Away from the house".
56. Council . D said...
She's got a son called Bay. Says it all really.
57. sirgoogle said...
So when will she eat her hat?
Bets anybody?
58. sirgoogle said...
Nice splodge of ketchup or mayo to help the hat slip down ?
Hope its not too chewy
59. Bigbadwolf said...
Heavens I feel worried for the nanny and the soldier in the armed forces... "She also finds it helps not having a degree"... So that's where I went wrong! LOL
60. wiltshire said...
Poor old Kirsty. As the slump gets progressively worse and as her career/family empire starts to crumble she's going to turn into Violet Elizabeth Bott - "If you don't stop the house price crash, I'm going to squeam and squeam and squeam until I'm sick!!!"
61. planning4acrash said...
Fascinating that the powers that be are consistently now attacking this little, inconsequential website in the media. All it is is a couple of folk chatting about stuff. Democracy and free speech? How can the Telegraph spend its time wheeling out a bint like Kirsty to demolish the right a few folk to question what's going on around? Do they not like it that people actually don't just read what corporations write without questioning it? What has happened to the world? Or, and is this a more accurate question, how have we not noticed for so long that the world is like this?
S2R, interesting video there. I listened whilst re-arranging furniture, so helped that process no end! Scary stuff, but it tallies with a lot of what I see happening in local government at the moment. Officers directed to make decisions. I've actually been told by officers that they fear risking their jobs if they question the decision passed down, and in doing so they feel forced to not exercise their professional judgement. There is a lot of peer pressure coming down and its not clear right now where its coming from.
62. Paranoiablue said...
Or relevant ammendment "scream and sceam and scream the house down."
63. Rental John said...
I rent, and am proud of it! I sold my semi in late 2005 as I thought prices had peaked, and could see that the situation on house price growth was unsustainable - or were we all to live in £1M houses with neither the buyers in the market so you could sell, or the money to trade up!!!!
I am waiting for the 25-30% price adjustment so that the wages to price ratio is back to sensible levels - and will snap up my next and final 'home'. I do not want to rent forever - but for now my rent is stable, I only have to give a months notice to move out, and I feel I have some freedom - without an unsaleable fix asset tying me down.
I, like I think most HPC watchers, do not have a vested interest in a house price crash - but just want a return to fair and reasonable 'home' prices. We need to get back to a house is a home not an investment.......stocks and bonds are investments, saving accounts are investments, antiques and art are investments - bricks and mortar keep the wind and rain out, is somewhere to live and bring up your family - so wake up Krusty!
Keep up the good work HPC.......and message to Krusty...the media and news postings reflect the unfolding results of the housing bubble, which are gathered by HPC watchers NOT written by them.
64. handle_it said...
She skipped uni and as a result she's all loved-up with the common man. I suspect she actually believes what's she saying is true,which makes it just that little bit more depressing.
65. Rental John said...
Well said 'planning4acrash'.......HPC is a feckin website and news blog....so get over it, and blame the real culprits!
Trouble is the VI's don't like the truth of what is happening, so like the boy who said the emperor was naked, or the guy who said 'hey, there just tulip bulbs!'......I guess HPC will be any easy target.
66. Ddsupreme said...
Her seemingly limitless stupidity is very nicely illustrated by her comments regarding this website.
You have to be careful when visiting this website. I would imagine that it serves as a reassuring painkiller for many first time buyers who are priced out of the market. Every news item on the blog is religiously accompanied by either derision or eulogy depending on whether the opinion disputes or supports the likelihood of a property crash. I remember seeing an article being posted on the blog which was heradling the imminent crash, with accompanying supportive comments, only for someone to point out that it was two years old. You can find numerous cases of distasteful schadenfreude every day. And we really shouldn't forget that the prediction that the property market in the UK will suffer a crash in the imminent future has been consistently wrong for a very long period of time.
In short, when you visit this website you will find, to borrow a gambling phrase, a lot of people blindly talking up their book.
However, amongst a lot of rabid, loud, blind shouting, there is a lot of considered, intelligent analysis of the situation made by people who are able to divorce their position from their opinion, and it is in these analyses that you will find the true value of this website.
The thing about Kirstie is that she doesn't realise that she is just as bad as the worst people on here. It's just that she holds the opposite opinion, or that her book is the inverse of the people on here. She is attacking what she perceives as a group of people who are blindly holding onto a prediction because she believes it is in their vested interest for the prediction to be right. Which is exactly what she's doing.
We shouldn't be too shocked or upset to find a picture of an apparently (I think she's pig ugly) attractive, upper class woman adorning the front page of the Telegraph; this has long been part of their front page policy. However that the bookmakers favourite for this country's next prime minster has employed this moron as his advisor on housing matters is both extremely worrying and desperately depressing.
67. confused76 said...
Her larger than life picture on the telegraph front page is a shame! just because she is the tory housing advisor...
"David, we should paint all rooms magnolia to avoid the housing slump..."
The house price crash is going to flush these property pundits down the toilet
AHHH H AHHAHH AM AA UAUUAUUA A HAHAH HAHAHHAHAHAHAHHAH
68. planning4acrash said...
For all those who thing the Tories should be in power, they are being advised by a person who is only interested in property values. Right wing new labour seem almost communist in relation to the tories on housing now. Who is represented in housing by a party that use kirsty as a housing advisor? Tell me, did our ancestors die in world wars to be represented by such a thin group of vested interests? What would the Tories do, advised by Kirsty?!?!?!?!?! OMG. Politics, Tories, BBC, Kirsty, Telegraph, Banks, ?NWO? play dot to dot with this one. SICKENING!!!!
69. Nooneo said...
I want HPC to run a sweepstake on "How long before Chris Parker's excellent house price crash flash movie will be shown on terrestial television".
I bet we won't get to the end of september before we see this wonderful movie being shown on Channel 4 news with a beaming presenter saying "We asked Ms Allsop for a comment but here spokesperson informs us she has gone into hiding and she never said she'd eat her hat anyway!"
70. wiltshire said...
Sadly, we've had a decade of silly money pouring into property and the last five years of ridiculous money pouring into property. Only once the housing market unwinds will the majority of people in this country really appreciate exactly why rampant house price inflation isn't a good thing. I think each day more and more are beginning to realise the problems associated with it but 99% of the country will have realised before this situation is over.
If Kirsty feels that kicking and screaming all the way to the bottom is appropriate then so be it. She's going to look increasingly out of touch and ridiculous as each months figures turn further and further against her. I truly hope this year will be the last we see of her.
I realise looks aren't everything but I don't know who is most mis-guided. Kirsty and her blinkered VI worldview or those who voted for her in a 'Sexiest Female' Poll. Unless the shortlist consisted of Kirsty, Cherie Bliar and Lily Savage those who voted should hang their heads in shame! Actually even if that was the shortlist Kirsty voters should still get a check up from the neck up!!
71. Amjidk said...
planning4acrash "Fascinating that the powers that be are consistently now attacking this little, inconsequential website in the media. All it is is a couple of folk chatting about stuff. Democracy and free speech?"
The more hey attack this site, the more people will realise it exists and probably want to pay a visit, so it will probably work against her anyway...
72. techieman said...
Well i think its fair to part some impartiality on this subject. Basically I am more right wing than most people here, although in a caring sharing way - obviously. As anyone that reads my posts (assuming they do - that might be a bit big headed) you prob realise i spend most of my time viewing the ins and outs and ups and downs of the markets. As such and probably sadly to me a house is as i see it just another consumable market that is subject to long wave cyclical forces. The reason these are long wave (as opposed to short term) forces is that property is an extremely illiquid market and yes there are underlying benefits to owning this asset class, which makes it stand out from others (not only that but you can have a jolly interesting conversation about it all - yeah right).
Therefore yes i am happy when i own a house BUT I dont want to be long in ANY market while its topping out or about to fall. Do i have a Vested Interest in a falling market? Obviously! Does Kirsty have a Vested Interest in a rising one? Obviously! What i say is this, yes irrespective of the social implications of house prices (pricing out youngsters relying on the BOMAD or whatever) be in the property market when the cycle points upwards and get out when its overbought. For me the argument isnt whether prices will rise of fall, the question i have is how can i maximise my return, by buying or renting? For 20 years Kirstie has been right, property should have been bought, BUT once the boom is over, and once the bubble looks for and finds the pin - there is only one way to go. Im sorry but you cant defend the indefensible. Why not be Honest Miss A - yes you played the property market to the hilt, effectively by your career choice, but really any fool can make money in a bull market. Lets see what happens when we have a bear market. You could just say - well i was wrong and it looks like the party was over for now. Many people on this site have stated that they thought that 2005 was the begining of the crash and they were "wrong". I admit i got out around a year before the top, and yes if things start to pump up again i will again admit i am wrong. Pride of possition is a very dangerous thing for a trader to have.
People i know are BTLrs and Property Developers, most have reduced their gearing and some have liquidated some / most or all of their portfolio's. Yes property will probably always be too highly priced in this country, and that is in part due to many things that the bulls will refer to, but the market has over-adjusted to the upside via a herd instinct and needs to fall. I have nothing against any bulls, but to keep bashing on about a bull market when its all over is really just silly. Worse is almost requiring to be insulated against losses in a free market, if you want that then socialise ALL your gains (and remember i am right wing!).
I dont care really what she looks like or talks like, I do think its bad though when she contiunues to suck people in to what is obviously (for now at least) a very bad class to be involved in. If you want to buy , buy what you can afford. If you cant afford anything then dont buy, if it becomes less and less affordable for you then wait for the fall to get in. WHATEVER you do do not stretch yourself so that you are racked with worry about the next bill. Live within your means and try to be happy with that.Your time will come.
73. Clarkj said...
Hi Kirstie - hope you are reading! I don't enjoy 'watching people suffer' - I'm just sick of suffering myself, my partner and I are both professionals and yet find ourselves priced out of the property market, can you in your heart of hearts honestly says this is fair? or should only those who have inherited wealth (as I'm sure you have yourself) be entitled to a home?
74. Mark Wadsworth said...
Davros asks " ... on the one hand lack of supply will support the market, there aren't enough houses etc. etc. Then the next minute we can talk ourselves into a housing crash!? Which is it?"
I'd love to see her answer that one.
75. New User 2007 said...
A spoilt brat who has never had to worry about anything, is married to a property developer and makes shows that rely on VI sponsorship. Other than having talked up the market by having a show during the upturn, what expertise does she have? NONE!
There is one site that has people looking at numbers and full of FTB. Every other source of information comes from VIs with an interest in talking up the market. When the media caused prices to rise there was no problem. Now the reverse is happening how dare they talk the market down?
FTBs wanting the market to return to a SUSTAINABLE level are evil, but the likes of her who talk it up are not? Lets face facts. BTL have pushed FTB out and they in no way cared about them. The ultimate form of indifferent evil...preventing other from having a home.
That government study that BTL have not driven FTB out is incredible in its audacity. It looks at the whole market and says BTL has had a limited impact. BUT BTL have bought in exactly the same part of the market as FTB and there BTL have outbid in their eagerness to enter this pyramid scheme.
The model relies on easy credit and a self-fulfilling prophesy BUT MOST OF ALL it relies on pricing out FTB who are then forced to rent from BTL. How dare Kirsty Alslopp say that people wanting affordable homes are evil yet those needing FTBs to be priced out to make money are good people. Pathetic.
Of the 26m properties in the UK some 2m are BTL. Half this was over the last two years. And it WAS not a Ponzi scheme? There is no shortage…there are today more homes per person than in 1990. Most recent housing is smaller BUT this is because allegedly everyone is divorced so needs smaller housing.
Apparently, children also have no parents so they need houses for themselves (sarcasm). Take out the 10m who are not even in the market to buy privately and where is the shortage? Immigrants live many to a house. Ms Alslopp then says families wanting children will still buy. VIs should be at least consistent!
Do these shows have an impact? Of course! When Delia Smith makes something the price of some of the ingredients goes up. I heard two property show “experts” saying they did not have an influence. You could see from their faces they did not believe their own words...
The said not everyone then does BTL…as with Ms Smith, it only takes a very small percentage of people to suddenly buy and a shortage occurs. If these “experts” are not aware of the basic economics i.e. changes occur because of events at the margin/ tail/ “black swans”, then what do they know?
So £250 HIPS has collapsed the market? When these people have made tens of thousands? A ridiculous statement on so many levels, but I actually agree that greed is so high that people don’t want to pay. In fact, the only reason prices have not collapsed is because HIPS distorted the market…
i.e. sellers left the market almost as quickly as buyers because of HIPS. How ON EARTH is Ms Alslopp saying prices fell because of them? What economics is this based on? As for stamp duty. Yes the 5k+ needed is bad, but is nothing compared with how the increased cost of prices has stopped FTBs!
She of course will do a Mr ASSetz and read these comments:) Her inability to grasp economics is a whole different story.
76. new user 2007 said...
A spoilt brat who has never had to worry about anything, is married to a property developer and makes shows that rely on VI sponsorship. Other than having talked up the market by having a show during the upturn, what expertise does she have? NONE!
There is one site that has people looking at numbers full of FTB. Every other source of information comes from VIs with an interest in talking up the market. When the media caused prices to rise there was no problem. Now the reverse is happening how dare they talk the market down?
FTBs wanting the market to return to a SUSTAINABLE level are evil, but the likes of her who talk it up are not? Lets face facts. BTL have pushed FTB out and they in no way cared about them. The ultimate form of indifferent evil...preventing other from having a home.
That government study that BTL have not driven FTB out is incredible in its audacity. It looks at the whole market and says BTL has had a limited impact. BUT BTL have bought in exactly the same part of the market as FTB and there BTL have outbid in their eagerness to enter this pyramid scheme.
The model relies on easy credit and a self-fulfilling prophesy BUT MOST OF ALL it relies on pricing out FTB who are then forced to rent from BTL. How dare Kirsty Alslopp say that people wanting affordable homes are evil yet those needing FTBs to be priced out to make money are good people. Pathetic.
Of the 26m properties in the UK some 2m are BTL. Half this was over the last two years. And it WAS not a Ponzi scheme? There is no shortage…there are today more homes per person than in 1990. Most recent housing is smaller BUT this is because allegedly everyone is divorced so needs smaller housing.
Apparently, children also have no parents so they need houses for themselves (sarcasm). Take out the 10m who are not even in the market to buy privately and where is the shortage? Immigrants live many to a house. Ms Alslopp then says families wanting children will still buy. VIs should be at least consistent!
Do these shows have an impact? Of course! When Delia Smith makes something the price of some of the ingredients goes up. I heard two property show “experts” saying they did not have an influence. You could see from their faces they did not believe their own words...
The said not everyone then does BTL…as with Ms Smith, it only takes a very small percentage of people to suddenly buy and a shortage occurs. If these “experts” are not aware of the basic economics i.e. changes occur because of events at the margin/ tail/ “black swans”, then what do they know?
So £250 HIPS has collapsed the market? When these people have made tens of thousands? A ridiculous statement on so many levels, but I actually agree that greed is so high that people don’t want to pay. In fact, the only reason prices have not collapsed is because HIPS distorted the market…
i.e. sellers left the market almost as quickly as buyers because of HIPS. How ON EARTH is Ms Alslopp saying prices fell because of them? What economics is this based on? As for stamp duty. Yes the 5k+ needed is bad, but is nothing compared with how the increased cost of prices has stopped FTBs!
She of course will do a Mr ASSetz and read these comments:)
77. indiablue19 said...
Reading all the above I'm thinking Ms. Allsopp must be a bit frightened to focus particularly on HPC.co.uk as any sort of culprit in this vast scam of the property market. Sounds like she's lined herself up for a "turf" war of sorts. After all, the same several dozen posters are represented over and over through the years. They have no real mouthpiece except what they write; assuming many people even read it.
Meanwhile, she's had a camera in her face and national exposure for donkey's years now, and a loyal following, plus an image as some sort of a sex goddess who can snap her fingers and appear on the cover of the Telegraph in living colour. If she's STILL worried about the presence of a website that appears in the annals of the internet somewhere and features news articles, then comments upon their contents, she must be on the verge of delusional fixation, OR honestly thinking that the government [including the non-responsive shadow cabinet] is stung by criticisms of their financial prowess, or lack of it. In which case, is HPC making Kirstie ridiculous to her [quite literally] "Peers"? Has her career as an MP been scuttled? Is her advisorship down the plug hole? What prompts a relatively "iconic" figure with loads of free publicity for anything she cares to spout to draw attention to an insistent gnat that's buzzing her ears?
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