Monday, Jan 19, 2009
Hilarious impartial investment advice
Evening News (Edinburgh): Property prices drop by £100k in sales stunt
... Steve Spence, senior partner at Neilsons solicitors and estate agents, said: "It's the first time we've done it because we've never had a situation in Edinburgh where property prices have gone down." Mr Spence said low prices and low interest rates made this the ideal time to buy property for future profit. "We're trying to underline the fact that this situation is unique and temporary and that in six, 12, or 18 months prices will go up again, as sure as night becomes day," he said.
Posted by quiet guy @ 01:11 PM (1123 views) Add Comment
14 Comments
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1. plato said...
We have a bubble in foolishness!
2. rm96696 said...
As sure as night becomes day that estate agent is going to go bust.
3. mark wadsworth said...
What he meant was "as sure as day becomes nightmare"
4. titaniccaptain said...
""We're trying to underline the fact that this situation is unique and temporary and that in six, 12, or 18 months prices will go up again, as sure as night becomes day," he said.".............oh dear looks like we were all wrong then time to buy a house.
5. goweresque said...
I wonder how much of his own money that estate agent is willing to plough into the property market? Cos with a cast iron guarantee of positive returns like that surely he should be filling his boots?
6. nubbers said...
Its encouraging to read the comments after this article. Clearly the readership has not been taken in.
7. montesquieu said...
Edinburgh has been over-inflated since about 2001, on the back of the largesse of the self-styled Scottish 'government' and dodgy dealing by the FS sector..
The imposion of HBOS and now RBS means no-one up there can ignore reality any more ... listen out for the large hissing sound audible even across the border as this bubble deflates rapidly ....
8. Chris said...
The only way that prices are going to go up in 6 months time is if Brown and the BoE flood the UK with loads of freshly printed money and we get hyperinflation. Bearing in mind that Browns economic 'miracle' was based on inflating the housing market and that we have been sold the need to print money to combat the 'threat of deflation' would anyone put it past them to do this to temporarily save their skins?
9. justwatching said...
Sorry, had to copy/paste this one from the comments, made me chuckle
What do you call an Estate Agent with a nosebleed???
Period Features!!!
10. drewster said...
Well if prices are going to rise in 6/12/18 months, I think I'll wait 6/12/18 months just to make sure... :)
11. Singlespeed said...
Another parasite with vested interests , expect more of this in 2009 my friends ! .
12. Freewheelin' Franklin said...
'as sure as night follows day'....estate agents talk utter nonsense. I'm alarmed to see Margaret Beckett at it. She should stick to talking about caravans, she understands that market rather better.
13. will said...
Dracula lives as an estate agent, but we already knew that.
14. a saver said...
NGAAH HA HAAR HAAR! Great post qg, the comments say it all.