Tuesday, May 12, 2009
"not over-valuing of course"
BBC: Property Watch 1. Are We at the Bottom Yet?
Tom the EA on selling 2 years ago:
"... you were going out and sort of valuing property and then probably adding some on. Not over-valuing of course ..."
Posted by doomwatch @ 09:52 AM (1956 views) Add Comment
26 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. paul said...
I can't even bring myself to watch this drivel in all truthfulness.
Coming from the BBC I know its not going to be balanced and that the not-particularly-understated message will be PROPERDEE IS GONNA TAKE OFF ANYTIME SOON NOW.
2. nomad said...
I thought the first programme was quite entertaining and informative for those with less of an obsession about property.
The bears won with good reasons shown as to why HPC will continue.
Three programmes to go mind you.
3. Cheekie Charlie said...
Yes the BBC gravy train with their god given right to patronise us with lots of positive, VI spin. Now new labour have been exposed as VI's, lets unveil the BBC.
4. crunchy said...
When the stock market collapses most will be saying I TOLD YOU SO!
I will be asking myself as usual, why did it collapse after breaking major resistance and what really caused it.
All this hype is a reaction to what the creators of it are doing. Nothing more. Nothing less.
5. letthemfall said...
I didn't think the programme was particularly unbalanced; the BBC usually tell both sides, though in a rather clunky way. But it was a flimsy piece of TV. They only managed to get a dim BTL character to boost the market, trotting out all the old cliches. MSW and the chap from Warwick talked more substance.
As an aside, the BBC can still do it - the music programme on Sunday night for instance.
6. timmy t said...
"... you were going out and sort of valuing property and then probably adding some on. Not over-valuing of course ..."
Thanks for that Tom... now could you define over-valuing for us please?
7. happy mondays said...
@ 3
The old problem, reaction, solution scam... We are all busy spinning and kept arguing and conflicting amongst ourselves. whilst the real sh!t will smack us square on in the face and we shall be walking around in a dazed & confused state, screaming F**k i did not see that one coming! It's BullS**T!
8. uncle tom said...
It wasn't too bad a program - I think any young couple looking at that pair who have split and are still living together would have been thinking "they wouldn't have that problem if they'd rented".
(what's the betting she now takes up a new guy, and waltzes off; leaving her ex with a mortgage he can't afford?)
And as for that guy with the Greek name who made a lot on BTL and got out at the peak - well, judging by the way he spoke; I reckon he is a chancer who made an extremely lucky call, and will now blow his fortune in fairly short order..
9. techieman said...
actually Paul - i only watched for about 30mins - a bit bored after that, up until the bloke from Leeds who used what looked like quite a reasonable place as a cash machine. Anyway the point was MSW was on there almost from the begining where she was her usual uber bear - 2 more years - self.
10. crunchy said...
6. happy mondays
It really is CRYSTAL CLEAR for me now. You can play these markets, but you need to be in early and out earlier.
As in Japan if you are late for an appointment. Forget it! Out of oil position now, In @ $36 nice run and not after every drop!
11. Hammered said...
At the start.
"Spring has sprung. Its a time when many of us traditionally get an uncontrollable urge to look for new nests."
How utterly nauseating.
12. Hammered said...
I think the title says it all.
Still referring to homes as property implies that there is some continuance of investment decision making going on. The bubble got so inflated, 18 months on people are still completely in denial. Property encompasses all manner of things, such as land, commercial and industrial buildings, estates, even antiques. Until what they are actually referring to - HOMES - are generally called such again, the indication that we still have a long way to go in this crash will exist. I, therefore, intend to keep the hell away from it.
2012 was my prediction a few years ago for when value for money will be maximised in this current cycle, and I'm sticking with it.
13. happy mondays said...
@ crunchy
not a trader or gambler myself, but i like your market sentiment ! I'm a traditional saver keeping my wits about me and not taking anything for granted or permanent..But good luck, keep with the flow and happy trading..
14. crunchy said...
7. uncle tom said...And as for that guy with the Greek name who made a lot on BTL and got out at the peak - well, judging by the way he spoke; I reckon he is a chancer who made an extremely lucky call, and will now blow his fortune in fairly short order..
I was thinking the same. He timed he's exit to perfection. He saved, wait for it, a £200 mil loss in profits by doing so. Selling off chuncks to hedge funds and such. A big player indeed.
If I had that kind of money I would be taking things real easy. But hey! Fill your boots buddy,you can never have enough. D'oh!
15. crunchy said...
happy mondays.......
You will live longer, thats a sure bet!
16. holding out said...
When that bloke with the possible greek connections was on, I said to the Mrs. He's a chancer who has made one good call, but because he's made a hatful, not yet suffered a hit and is so full of his own infallibility that he'll screw it up next time in his desperation to make another killing.
17. peter_2008 said...
For people who made or lost fortunes in properties:
Most of us are either afraid or don't want to admit that, in fact, we don't have much control over our life, particularly when confronted with force of nature.
We are even more afraid and less want to admit that, in fact, most of our successes are purely down to "being at the right place at the right time" luck.
The obsession with property ownership (and money in general) reflects this deep fear that we want to have absolute control of every aspect of our life. Ironically, on the way to achieve this independence, we ended up hand the control over to the banks and the government by taking on huge debts.
Someone would say Greed caused all this, but isn’t greed the illegitmate child of Fear?
18. crunchy said...
8. crunchy said...usd/jpy weakness may also make my week!
Oh the gamblers life.
Sunday, May 10, 2009 11:46PM
If anyone acted on that so far so good lol. Take your money now if you want to.
19. bystander said...
....anyone else notice how Merryn managed to avoid saying she had just bought a property ("I'm a Blip, not a green shoot) and still pushed the prices are going to drop a lot more message. Either she has some pretty heft wagers laying somewhere or else she is a championship hedger.
20. amjidk said...
Ms. Webb was spot on, i'm surprised that the presenters looked as if they were surprised about what she had to say!!
21. doomwatch said...
bystander @16.
Merryn does not mention purchasing a property in this weeks MoneyWeek. She admits to be looking around, and
that she's bought a VW Passat. Go away you Poxtons stooge and learn to read.
22. doomwatch said...
Here you go bystander @16. Learn to READ. "looked" NOT bought, Poxtons pleb.
"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)."
23. alan said...
"Lloyds say...it will only drop another 6% in the next few months"
"Its going up, but it could be a dead cat bounce, dropping again later " !
OK - You choose...the programme is saying both Yes and No. Hedging bets?
24. amjidk said...
unemployment is increasing and credit is shrinking, how the hell can anyone claim that houses will suddenly start rising? the bullsh*t it's beyond belief!!
25. Marvin said...
Oh dear...I've just watched ten seconds of this irresponsible tosh..."Guess what? if you pay more off your mortgage now while interest rates are low, you'll be clear of a 25year mortgage in 10 years 10 months". BBC WATCH THIS SPACE; INTEREST RATES ARE LOW FOR POLITICAL REASONS nothing more, the longer they stay here the higher they will have to go later and these people will end up shackled for eternity (have you no conscience!!!!).. You can bet your bottom worthless dollar that once the need to ramp them up again becomes apparent, our incompetent incumbents will drag their heels to the detriment of all.
Life don't talk to me about life
26. Greenshootsandleaves said...
7, 11 & 13
To be fair to 'that guy with the Greek name who made a lot on BTL', his getting out at almost the perfect time proves that he is prepared to forgo a few months' worth of gains, if necessary, and cannot, therefore, simply be dismissed as someone who is forever desperate to make another killing. Contributors to this site are perhaps less likely than most to be impressed by his ability (thus far) to guess which way the market will turn (at the other end of the scale I suppose the people who bought Fuxton's will be VERY IMPRESSED indeed!), but why should we demonise him simply for deviating from HPC orthodoxy (cf MSW's alleged house purchase)? Yes, he seemed very upbeat in his current assessment of the market, so much so that one wondered whether he was just putting in a good word on behalf of someone in the industry, but could that not be because he can afford to do some serious cherry-picking (much easier if you don't need a mortgage) and take a long-term view of things?