The Ayatollah Buggeri Posted August 19, 2009 Share Posted August 19, 2009 Times. Choice excerpt: Despite the lack of opportunity for first-time buyers, there are some who argue that mortgage rationing is far preferable to the excess leverage: this stance is usually justified by much tut-tutting about the 125 per cent loans that Northern Rock used to distribute to the young and indigent who took it into their heads to be owner-occupiers. But the reckless conduct of one bank should not be used to thwart the aspirations of those twentysomethings who cannot depend on intergenerational subsidy. Banks should see a deposit of 15 per cent as an adequate cushion against another collapse in prices — which not even the arch-miserabilists think is a possibility. HPI is back and here to stay, 2007 style, apparently... Quote Link to comment Share on other sites More sharing options...
drrayjo Posted August 19, 2009 Share Posted August 19, 2009 Times.Choice excerpt: HPI is back and here to stay, 2007 style, apparently... If thoughts could kill... Ashworths to Ashworths Quote Link to comment Share on other sites More sharing options...
uncle_monty Posted August 19, 2009 Share Posted August 19, 2009 (edited) The subtext of all Anne Ashworth's articles is always the following: "No need to panic - you are an astute (re:Smug), boomer (or at least 40-something) property "investor". Don't worry the nasty HPC is just "doom & gloom" / never happened / was minimal, and now we can all go back to hosting dinner parties, sipping chardonnay whilst flicking through brochures for overpriced "property", cars and other associated "middle class" tat. Aren't we all so clever. Didn't we work so hard for it. But times are still a little tough, so let's not forget to feign some sympathy for the "priced out". With luck, Gordon will soon allow them to borrow 15 times there measly salaries to come and join in - because after all, prices only go up and they really shouldn't miss the boat". Daft trollop. Not sure who's worse - her or Rosie. :angry: Edited August 19, 2009 by uncle_monty Quote Link to comment Share on other sites More sharing options...
drrayjo Posted August 19, 2009 Share Posted August 19, 2009 The subtext of all Anne Ashworth's articles is always the following:"No need to panic - you are an astute (re:Smug), boomer (or at least 40-something) property "investor". Don't worry the nasty HPC is just "doom & gloom" / never happened / was minimal, and now we can all go back to hosting dinner parties, sipping chardonnay whilst flicking through brochures for overpriced "property", cars and other associated "middle class" tat. Aren't we all so clever. Didn't we work so hard for it. But times are still a little tough, so let's not forget to feign some sympathy for the "priced out". With luck, Gordon will soon allow them to borrow 15 times there measly salaries to come and join in - because after all, prices only go up and they really shouldn't miss the boat". Daft trollop. Not sure who's worse - her or Rosie. :angry: Bang on. Would love to see them shopping in Poundland one day. Quote Link to comment Share on other sites More sharing options...
MississippiJohnHurt Posted August 19, 2009 Share Posted August 19, 2009 Ashworth genuinely doesnt have the capacity to see that prices could come down, and that would solve a lot of the problems she identifies. It's not even a conceivable concept to her and the end result is a strange position where she'd much rather that the banks put themselves (taxpayers) at significant further risk, so one asset class can continue to be overvalued. Also, I am an arch-miserabilist, by sounds of it. Has a nice ring to it, I might use that one. Quote Link to comment Share on other sites More sharing options...
Wait & See Posted August 19, 2009 Share Posted August 19, 2009 Most boomers seem to be greedy and self serving. Look at the cabinet FFS. Quote Link to comment Share on other sites More sharing options...
Laura Posted August 19, 2009 Share Posted August 19, 2009 Arrogant twisted bitch It's her karma Quote Link to comment Share on other sites More sharing options...
MississippiJohnHurt Posted August 19, 2009 Share Posted August 19, 2009 Just re read the excerpt and it's unbelievable. She seems to think that big words might conceal the large hole in her logic. Fail. My fave bit is "the reckless conduct of one bank should not be used to thwart the aspirations (etc etc)" One bank?! Perhaps she fell asleep in August 2007 and missed the bit where the worldwide financial system nearly collapsed. Quote Link to comment Share on other sites More sharing options...
Mrs Bear Posted August 19, 2009 Share Posted August 19, 2009 And for the nth time she refers to an increase in house prices as an 'improvement'. I've emailed a letter about property journalists apparently thinking that where HPs are concerned, these two words are interchangeable. I've had quite a few letters published in The Times, but I bet they won't publish this one. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted August 19, 2009 Share Posted August 19, 2009 The subtext of all Anne Ashworth's articles is always the following:"No need to panic - you are an astute (re:Smug), boomer (or at least 40-something) property "investor". Don't worry the nasty HPC is just "doom & gloom" / never happened / was minimal, and now we can all go back to hosting dinner parties, sipping chardonnay whilst flicking through brochures for overpriced "property", cars and other associated "middle class" tat. Aren't we all so clever. Didn't we work so hard for it. But times are still a little tough, so let's not forget to feign some sympathy for the "priced out". With luck, Gordon will soon allow them to borrow 15 times there measly salaries to come and join in - because after all, prices only go up and they really shouldn't miss the boat". Daft trollop. Not sure who's worse - her or Rosie. :angry: Brilliant! I can't see uncle_monty writing for the Times, but he should be! Quote Link to comment Share on other sites More sharing options...
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