Tuesday, May 19, 2009
False floor and hoax sold signs
BBC: 5 Live Wake Up to Money 19/05/2009
18:30 in onwards. 40% drop since June 07 in Commercial property values and still tanking. Quite technical talk about the potential false bottom of the residential and even more drops (double dip) when the M0 ("hot money") is let go by the banks at some point next year and inflation shoots up. STAGFLATION.
Then the end, comment that sold signs are been used by EAs as a "ploy" to get mugs looking.
Posted by doomwatch @ 09:46 AM (374 views) Add Comment
2 Comments
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1. Nesquick said...
sold signs are been used by EAs as a "ploy" to get mugs looking
This is especially true online. Houses sold over a year ago are still listed on the estate agents website to make it appear as if the market is moving. Other 'sold' houses are listed as available to get you to call in and register. Its very annoying. I asked KFH, a particular offender why they do this and was told that's how their online system works but its clear when you take away the houses that are unavailable that there is practically no housing market.
2. doomwatch said...
Such a wonderfully regulated market. No wonder it's fun of conners and fraudsters.