Thursday, Nov 20, 2008
Krusty Krusty Krusty
Market oracle.co.uk: Kirsty the Phil's Location, Location, Location Returns as UK House Prices Crash
Finally, Kirstie has been forced to recognise the fact that house prices can actually fall which follows earlier near religiously opinionated programming that fed on and reinforced the fervour that gripped much of the country as annual house prices roared ahead every month by more than that which people earned in wages, that house prices are a one way bet.
Posted by housebear @ 09:10 AM (1061 views) Add Comment
12 Comments
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1. Bertywooster said...
Is this programme amoral, or immoral?
2. Letsgetreadytotumble said...
Anyone got a link that works for
http://www.housepricecrash.co.uk/media/LondonTonight-1.wmv
"The London Tonight interview was broadcast on ITV with LIVE comment from Kirstie Allsopp"
3. Old_traveller said...
The link to the infamous 2004 video is not working anymore, anyone knows how can I get to see this?
http://www.housepricecrash.co.uk/forum/lofiversion/index.php/t246.html
4. maddison said...
wasn't she supposed to eat her hat...
5. Will said...
Programme is Too Boring - especially so when prices are falling. Phil and Krusty should be shelved like Ross.
6. Rimmer said...
One thing that really isn’t talked about in the media, to an extent it isn’t here and certainly isn’t perceived by the general public is once house prices correct the likely hood of another bubble as per the recent one in the next 50 years is about zero, I find lots of my friends have now excepted house prices are falling but they all think its some kind of temporary set back, a few tricks and tweaks by government and the financial bodies and hey presto the worlds rosy again.
They cant seem to grasp that the scale of the global problem means the "Good Times" like 2007 will probably never ever return, certainly not in their lifetime and maybe not at all, houses will become a necessary liability not a tradable asset.
7. rm96696 said...
I don't know what all these people are talking about. House prices can't fall. If the market is weak people take the house off the market rather than cut their selling prices. People will never accept anything less than the previous peak value.
Besides, the fundamentals are strong. We have a housing shortage as a result of the rapid growth in immigration. There is a strong influx of workers from eastern europe seeking a better life thanks to our strong job market and the strong pound. City bonuses and financial services employment are booming. Russian oil billionaires are flooding to london, soon to be followed by the chinese and indians. Banks are flush with cash.
How can house prices possibly do anything but rise rapidly in this scenario?
8. phdinbubbles said...
And house prices will never go down with interest rates being so low.
9. Neo-serf said...
It was the smallpox analogy I enjoyed.
In three years time when the sheeple awaken their shepherdess will be little more that little bo peep.
Goodbye Ms Alsopp and the very best of luck...
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