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no-way

Property Porn.. Revisiting A Hypnotised Nation…

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Hey

Just found this on a random web search i did!

Martins new commentary on a 2006 article he wrote, not sure if the original article has been posted on here as i have not seen it before.

How many household-name property pundits, interior designers & home experts can you name? Now the same for city or personal finance journalists? For all but extreme money nerds, I suspect the first group outnumbers the latter by 5-1 or more.

This discrepancy is important: I’ve just given an academic journal an interview on economic decline, and the role of financial journalists in the crash. Much of it wasn’t 100% relevant (it was more about City/Business journalism), but there were some interesting questions.

While I think my own sector has done some soul searching, one that rankled slightly was about financial journalists’ role in the housing crash, and 125% mortgages. I was asked “Did you warn people?†Of course, like many other journalists, I constantly wrote and broadcast about the dangers of over-borrowing, taking too much out, and the risk of moving credit cards onto your mortgage, never mind the fact house prices are uncertain (see this blog).

Yet the bigger issue here is that the influence wasn’t with us then (and questionably still isn’t now); the TV property shows are far more influential and numerous, hence the volume of household names. Where’s the academic study into the range of influence & lessons learned by them, and those behind the programmes?

Even back in 2006 when house prices were booming, this was obvious. Here’s my Nation Hypnotised By Property Porn blog from September 2006…. on just such an issue… I’ve reprinted it below…

MSE MARTIN

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I thought nobdy saw it coming?

No, that was during the denial stage.

Now you can no longer deny it's FUBAR, everyone saw it coming a mile off. Apparently. <_<

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No, that was during the denial stage.

Now you can no longer deny it's FUBAR, everyone saw it coming a mile off. Apparently. <_<

Can you please explain FUBAR? It's a term I have seen often, but don't understand. Thanks.

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Guest Skinty
Can you please explain FUBAR? It's a term I have seen often, but don't understand. Thanks.

... up beyond all recognition.

Can't remember the first word though ;)

A term from WWII.

Edit: There's also SNAFU (Situation Normal All ******ed up)

Edited by Skinty

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