Monday, Apr 21, 2008
Stuatz comedy club comments at their all time best
ifaonline: House prices will recover this year - Assetz
House prices are falling on a monthly basis but the Special Liquidity Regime, announced today by the Bank of England, will bring the market back to normal by September, according to Assetz. “It is now an excellent time to grab a bargain before the summer, when finances are likely to start to improve, increasing demand across the board and driving prices upwards again.”
Posted by jack c @ 03:28 PM (629 views) Add Comment
18 Comments
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1. Anon said...
Is it really going to make a difference, or is this just a bullish article?
2. This comment has been removed as it was found to be in breach of our Blog Policies.
3. Jackas said...
This guy should be shut down by the FSA.
4. Nobby1963 said...
House prices wont recover !! Are these people for real? I want to Buy ? Im saving for a deposit that is going to take 2 to 3 years? I want a mortgage I can pay , not buy an unafordable house that I cannot !! Let them deflate to a sensible price range where we can all then afford them and get on with our lives for pete sake!!!!!!!!!!!!!!!!!!!!!!
5. hpwatcher said...
What a bunch of w*nkers....
6. Landedgentry said...
So what happened to the bounce in spring? delayed till summer now eh?
7. Davros said...
This is truly amazing.
I guess by the time he's been proved well and truly wrong, he'll be living in the Bahamas on the back of the lemmings who desperately want to believe this stuff.
8. mark wadsworth said...
Like it has done in the USA?
9. inbreda said...
ifaonline? What does the ifa stand for? Incompetent F*ing A*hole?
10. jack c said...
inbreda - i in this instance is for "irresponsible" based on the garbage Stuatz and his merry men peddle to existing and potential punters
11. little professor said...
This guys is going to get sued eventually - he is providing investment advice, and therefore has a duty to act within reasonable norms.
12. Bananasplit said...
This is what assetz say on their website under a buy to let section
an additional pension income as safe as bricks and mortar
There is however a risk warning to make - we cannot endorse putting all of your savings solely into property and remember property investments can go down as well as up, particularly possible in short term investments - however over the long term geared property investment does provide a very strong potential profit opportunity for both capital gains and income. In almost any time-frame geared property investment (with mortgages) has out-performed the stock market many times over.
13. jack c said...
LP - They will I suspect be using a Ltd co set up and when the s**t really begins to hit the fan will be nowhere to be seen.
14. hpwatcher said...
It's optimistic in the extreme. Just shows how desperate they are.
15. Agniban said...
This is the first time that I am posting a comment. this guy has lost the plot, I have recently seen two houses reduced by 25% and 30% in just a few days. You can check this with Bairstow Eves estate agents, number is 01772 717999.
16. new user 2007 said...
TWO (main) things...
1) With subprime unable to get mortgages opportunities will be "rife". Errr, BTL are classified as subprime (one the reasons mortgage products are disappearing.
2) He is obviously a dodgy character who has a business model mased on talking up the market..he was more bullish on prices in 2007 and was proved correct by acccident
BUT
he said in September the market would pick up by Xmas THEN it was SPring and now it is September. Anyone with an IQ/ memory above that of a goldfish surely can remember his comments going back more than a day?!
Overall, making up numbers and getting worse (before he cherry-picked), now he is just distorting (lies) the numbers beyond anything remotely resembling what is happenening...
The ending of a pyramid means the gravy chain is gone. The measures we are taking now are the same as those in the US, only less so...that has helped their market hasn't it:)
17. letthemfall said...
Perhaps a good illustration of why not to use IFAs - none of them in my experience seems to know that much. But this dodgy character takes the biscuit. Expect continuous drivel from the half-wit until he goes bust.
18. Loneranger said...
This comment sums up the scam....
“With an increase in repossessions and auctions expected over the coming months, as those borrowers with a poor credit rating struggle to remortgage, the opportunity for investors to move in will be rife,” explains Law.
In other words, the bubble bursting will mean people losing their homes to the very vultures that caused the bubble in the first place!!!
What a selfish, money grabbing article this is, the bloke should be arrested for crimes against a basic human need (a roof over your head)!