Monday, May 11, 2009
M. S. Webb & producer of BBC2 miniseries this weeek chats toi SN
BBC 5 Live: Steve Nolan
1 hour 23 mins in (just after Ken Dodd review), IS she buying? About 10mins..
Posted by techieman @ 09:42 AM (657 views) Add Comment
7 Comments
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1. doomwatch said...
Poor old Nolan. Lost a packet believing his media chummies that property was a one way bet.
One born a minute and still hasn't learned his lesson, greedy pig. He should learn some lessons off Hazel.
2. little professor said...
Oh god, just started listening to it and already Nolan has wound me up beyond belief - "I really hope you two aren't going to be talking the market down"
3. little professor said...
Ha ha - "I've lost a fortune on property - I'm not going to talk about it tonight."
"There's so much pent-up demand out there"
"house prices surged after the 1990s crash"
STFU Nolan!
4. bystander said...
Has anyone got a link to Merryn's recent article for moneyweek - "I'm a blip, not a green shoot"? I am not a subscriber and so cannot access the article via the usual avenues, but it would be interesting to read why she has just bought a house in this current market environment.
5. techieman said...
I switched off after the piece and didnt listen to the callers. Does anyone know the general position of the callers? She is giving it the "spring bounce" and then down down deeper and down.... (sorry Rik & Francis)
6. little professor said...
Bystander:
I'm a blip, not a green shoot
Regular readers will want to take a deep breath. Sit down, perhaps. Ready? Here goes. This week I have looked at two houses, both of which would suit quite well. I am thinking of putting in a bid on one of them. Shocking stuff, right? But there's more. Last month my husband and I scrapped our old Golf and made one VW dealer's year by buying a new car. And just today I went on the internet to look at prices for a new pram (not an eBay one, a new one).
The bulls will look at this and consider me something of a one-woman green shoot. But then the bulls seem to be able to turn just about any old piece of statistical irrelevance into a green shoot. There was the fact that Nationwide reported house prices falling by only 0.4% in April, a minute shift upwards in mortgage approvals, a rise in consumer confidence and, says The Times, "glimmers of hope" from key purchasing managers' surveys of the services and manufacturing sectors.
But all these bits and bobs of goodish news are nothing next to the wider picture, the one in which our banking crisis remains unresolved, unemployment is rising fast, UK GDP is contracting at its fastest rate for decades, and both corporate and personal bankruptcies are soaring. The rise in consumer confidence only makes sense when you remember that it is still very low by historical levels, that low interest rates make people with lots of debt happy, and that the most recent survey was taken before Alistair Darling's latest misery Budget.
7. doomwatch said...
I don't believe MSW has bought a house. She is quite sensibly what appears to be doing a price discovery excercise.