Tuesday, Nov 18, 2008
Phil is offering lower price!!
Channel 4: Location Location Location. Survival Guide
Did anyone watch Location Location Location. Survival Guide on Channel 4 last night?. I was sligtly amused that Phil offerred £130k and £150k to two £180k (overpriced) house, which would be unthinkable until a few weeks ago.
But Kristy still seemed couldn't bring herself to do it. She even claimed that she always adviced people to buy at a price that they can afford. Ha!!
Posted by peter_2008 @ 11:07 AM (1573 views) Add Comment
15 Comments
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1. titaniccaptain said...
I thought Phil was a nervous wreck.....looked like both of them were going to burst into tears at any time...........and yes 100% correct Peter kirsty's speach at the end was gut churning.............well if phil is offering 50 grand less I will offer 100 grand less............When he did that last night he sent a shiver down the spines of those wishing to sell.....and dont forget those scenes were filmed a few months ago because the one family had over 4 weeks to changhe their mind.............This is going to get write into the psyche of the country.......offering substancialy lower offers will cause the EAs to plead to their vendors to lower prices as the norm will be 30%/40% lower than asking price...........can you imagine the amount of phone calls today to EAs offering substancialy lower prices............THIS WILL MAKE THE PRICES PLUMMET HA HA HA HA HA HA
2. Neo-serf said...
Their hands are bloodied and there is no escaping that fact.
South America is an option while the rest of us pick up the pieces.
3. jack c said...
Yep sat and endured the full 1 hour 35 minutes of this show last night which should be re-named contradiction, contradiction, contradiction.
Absolutely full of errors and inconsistencies - if genuinely qualified financial planners were dishing out this sort of "advice" (residential property purchase isn't regulated but the associated products are regulated ie mtge, Life & CIC, ASU + buildings/contents ins) they would IMO have a flurry of complaints and lose their licence.
A shoebox in Stockwell for a single lady first time buyer @£223K in what Phil repeatedly admitted is a market thats falling and will fall further - how can that be good advice? Recommending buying into a falling, illiquid asset class now because her mortgage offer was about to expire and she could not get another one ! - surely that alone would tell this lady all she needs to know.
4. last_days_of_disco said...
Butt clenchingly cringeworthy stuff.
5. Wofmd said...
Very amusing.
Phil’s last line summed it all up…the bit about “small island” and “lack of land”. Was he talking about Japan and the “lost decade”?
New title for C4 to consider – “Property Tits”.
No, I’m not referring to Kirstie’s features, just the fact that these two “property experts” should not really be giving people financial advice unless they take the broader economy into consideration. If they believe property to be cheap now I look forward to next years show!
6. Cheekie Charlie said...
Kirsty said she typed her name into Google and found alot of derogatory comments!
7. This comment has been removed as it was found to be in breach of our Blog Policies.
8. inbreda said...
to an extent they were talking the market down. Only one place "bucked the trend" and I had never heard of it. Phil offering well below asking price.... I think phil and krusty had a chat and realised that they actually rely on the income from being on TV, and they cannot be in complete denial. The only way they can continue is if they try not to contradict themselves too much, but continue to talk the market down, get people "bargains" and take a more softly, softly approach, i.e. finding houses for people who want to buy rather than advising people to buy. I think this will gather pace. They will rely on the fact that the sheople have short memories and may soon be "driving a hard bargain", and putting in offers of 70% of asking price etc.
They will bring the market down, same as estate agents.
9. Upsy Daisy said...
On the one hand they talked about potential 50% drops and on the other they helped that family in Lincoln to buy a second house! Did they explain the risks? No. It made me sick to the stomach
10. stillthinking said...
I thought it was great ! I haven't watched it too much, but sounded like the offers were pretty low.
With the promise of even lower !
11. This comment has been removed as it was found to be in breach of our Blog Policies.
12. titaniccaptain said...
@Doomwatch11
Yeah I hated that remark about the rental market..................... nearly threw the t.v. through the window..................
13. sold out said...
Doomwatch@2.34pm
"Krusty said last night she's only encouraged buying property "as a home to live in"."
I have lost count the amount of times over the years where the had people buying a home AND an "investment" property or a city "crash pad".
Krusty an Phill are completely inconsistant and shameless in their comments.
How where they ever successfull?
Oh yes i forgot any fool can make money in a rising property market (96-07) and i suppose it helps if your born with a silver spoon in your mouth and a large wad of cash in your back pocket.
It will be a fine day indeed when we no longer have this gruesome pair on our tv screens, but in the meantime keep talking the market down chaps it all helps.
Hard working people don't need the likes of these posh chancers to find a decent afordable home.
BesidesThe Perception of Property ownership in the UK needs to change, more along the lines of Germany or France, where the rental market is properly controlled and renters are not stigmatised as they are in the UK.
We need a change away from getting on the "property ladder" as the be all and end all.When that happens the likes of Krusty and Phill will be a distant nightmare.Will it happen?Only if this House price crash is so severe that it is written into the history books and never forgotten.So far its shaping up nicely.
14. bystander said...
Only yesterday morning, on the Chris Moyles show Krusty was advising a 20 year old to buy a BTL property and dump ideas of going to university. So either she is lying or she is ignorant. She can't have it both ways, oh my mistake, ofcourse she can, she's a property expert.
15. Luckjim said...
sold out
They have similar rental controls in Holand. The availability of affordable rental housing keeps house prices in check. People buy for the right reasons but renting is a viable long term option. Trouble is, no political party in this country sees house price inflation as a problem.