Wednesday, Jun 25, 2008
Yes! the outlook is good, they are going down Mr Law
mortgage introducer.com: Outlook good for house prices
Stuart Law, chief executive of Assetz, commented: “We are in a period of weakness, not a crash, and vendors are more easily negotiated with, provided they are a forced seller. I would recommend that investors take advantage of the current market and continue adding to their portfolio by buying from motivated sellers.
Posted by housebear @ 11:12 AM (628 views) Add Comment
11 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. hpwatcher said...
Why, oh why, do people have to post links to articles that contain the nonsense that that idiot spouts......
2. housebear said...
hpwatcher said...
Why, oh why, do people have to post links to articles that contain the nonsense that that idiot spouts......
Oh come on hpwatcher, it's only for the sport of poking fun at what Mr law that I put these links on.
I listen to radio 4 as well you know!
3. mark said...
yeh buyers are out in droves all estate agents are full of people buying the overinflated houses, don't forget those FTB who want two houses, there must be 5 million of them out there...
4. Housebear said...
Why oh why can I not write sentences, without leaving out words....
hpwatcher said...
Why, oh why, do people have to post links to articles that contain the nonsense that that idiot spouts......
Oh come on hpwatcher, it's only for the sport of poking fun at what Mr law SAYS, that I put these links on.
I listen to radio 4 as well you know!
Any more comments please send a SAE to BBC point of view
5. techieman said...
i think its good we have these articles and not for the "comedy" aspect. Mr Law reminds me of Randolph and Mortimer Duke (trading places) - hes long under a torrent of sell orders.
Either he actually is in denial or he believes what he says or he has to say what he says because of his VI. I hope he believes what he says actually. I wonder what he says in Private?
6. mark said...
in private = Oh B*lls thats the end of my sex life.... my wife has left me for that guy from HPC because he talked sense... by the way god said to me last night i should wear a sandwich board and announce the market is booming
7. Much Love For Hpc. Com said...
I've spent the last year in the background religiously reading this site, agreeing with almost every great comment i've read posted by you guys and I must say. Your are all brilliant!
This site is a great filter for potential business partners in the property market in years to come one does think.
8. letthemfall said...
"Ztuart Law, chief executive of Assetz, commented: “We are in a period of weakness in the head, not falling prices, which don't exist in Assetz Fairy Land. I would recommend that investors take advantage of every dodgy offer I come up with and continue adding to my profits."
“Recent research has suggested that Assetz income will fall to dangerously low levels this year – with only the odd idiot listening to the stream of drivel which emanates from Law'z mouth. As a result, he will keep pretending that house prices will rise again through supply and demand and any other hackneyed reason he can think of, with rents rising extremely strongly in the short term and for ever and ever until he is made Prime Minister by a grateful population of performing seals.” Oik oik.
9. nooneo said...
The great crash of 2008 will hopefully make a few of these great property pundits a bit more humble, especially when leaving the bankruptcy courts. A veritable bonfire of the property vanities, tee hee!
10. techieman said...
Much Love For Hpc. Com interesting point. To play devils advocate you have to ask yourself one thing. That is dont posters on this site - myself included - have a vested interest in HP falls? You have to balance that with the VI bulls. I am used to constant friction between Bulls and Bears, that after all is what a market is.
Some posters on this site have probably as much of a VI as the bulls, but you have to try to put those interests to one side and then just ask who is making the most sense. I think its true that some people on this site will attack bulls just for being bulls. I think others look at what they say and try to take a measured view, pointing out what "we" believe to be the error in their analysis. However some bulls have so much at stake they cannot really do anything but "scweam and scweam and scweam". As this - ok for arguments sake lets call it as correction - has gathered pace most of the bulls that came on here have evaporated - thats a pity. Thats human nature i guess but goes against my training.
At the end of the day we can all be wrong - thats not the point - from my perspective its how much does being wrong cost not just in terms of money, but in terms of if you can live a relaxed life. The johnny come lately BTLrs are probably less than relaxed . I know one who came to his tennant and looked completely ashen faced and told his tennant that this is just not working out. Sounds like he found out the cost of his required re-financing. For a long time now i have said i cant understand the BTLrs - its no good having a go at us for reflecting the realities of what is happening, they should have managed their properties to reduce gearing, but most of them have played the inverse pryamid game. Fine when the music is playing but when it stops......
While i am in such a philosophical mood i would say one more thing some people have posted on here blaming HPC.com for the falls. That isnt right. For one thing HPC has been going for quite some time (i havent been posting for that long myself) so if it were to blame wouldnt the falls have happened soon after it started? And secondly there are probably at most 2,000 posters on here. Now in a population of 60m -are that few people really going to cause a crash? No inspite of every home-owner wanting perpetual increases in HP, they have started to fall. If it was wishing that caused price increases then they would go up and up ad infinitum. But economics aint about wishing its about affordability and its about booms and busts and cycles, whatever anyone (including Gordy) else tells you.
We're all human at the end of the day - although judging by some of the points bulls have made thats debatable!! [ whoops sorry]. So well done for posting - its interesting to see new people coming on.
11. new user 2007 said...
techie man
i think we need all views. in fact, at least here people can discuss the articles. on the VI sites they write the articles and give the likes of Mr ASSetz space, and no one can then comment as to why he is talking rubbish.