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Woolwich Dismisses Fears Of Property Market Crash

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Spin in overdrive.

They are simply sending out a message that houses are a good long term investment, predicting what house prices will be in 2025 rather than deal with predictions of the short-medium term which they must know are going down....

I suppose it isn't implausible, if like the last cycle it takes the next 12 years for houses to go down and return to the same value then there are another 8 years of growth beyond. It doesn't really help for the next 5 years though.

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According to a new study carried out by the Centre for Economics & Business Research (CEBR) on behalf of the Woolwich, the average price of a house in Britain will rise by 112 per cent to £333,000 by 2025.

Andy Gray, the head of mortgages for the Woolwich, says: "Whilst the future looks sunnier for first-time buyers, it's increasingly looking like they won't have a garden to enjoy it in."

The future looks brighter???? What a pr*ck!

dont believe it anyway

SPIN SPINSPINSPINSPINSPINSPINSPINSPINSPIN

puncture

deflate

scrapped!

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A doubling of pricces over 20 years sounnds a lot but this works out as an annual rate of about 3.5%. After taking away inflation this leaves a real increase of only 1%/year or so.

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"According to a new study carried out by the Centre for Economics & Business Research"

This appears to be Aston University.

Has anyone found a link to the "study" what exactly did they "study" anyone know?

I suppose they could have studied ants and decided that in 20 years time thats what we will be like - crawling over each other and rearing our young in tiny little pods.

Alternatively they could have studied Nostradamus, and worked out that he prophesised how we will all be living in 20 years time. You can read a lot into Nostradamus you know.....

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The point is that HPC should have someone incharge of press releases. Regularly issued to the press perhaps at the times that seem most important in the month such as BoE, Hometrack , Halifax and Nationwide indexes.

Journalists are lazy and as a rule rewrite press releases to seem like news.

All these stories are just the press releases rewritten to make a new story.

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SHAME on the Independent for reporting Spin as News.  Someone should send a letter to the editor: They are dragging down their reputation

I have pulled the Independent up on their slanted reporting of the housing market before, and to their credit they printed my letter.

They wrote a piece which referred to those predicting a sharp fall in prices as doom-mongers.

I replied that every market has two sides, and for a generation priced out of buying their own home , a return of house prices to sensible levels would bring not "doom" but great relief.

Still, I am amazed that they did not look for a balancing comment in this latest piece. That is what any journalist worth their salt would do, especially when the report in question is making such wild predictions with no apparent substantiation.

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Woolwich dismisses fears of property market crash

When house prices eventually are seen to have crashed, it is articles like these that will make the VIs look monumentally stupid in the aftermath.

Many articles will be written along the lines of "how did the experts get it so wrong when they said there will be no crash" ?

And it is around that time we will be sitting around saying "DUH".

The mortgage lenders are just as deluded and foolish as the idiots who try to audition for the X Factor.

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the average price of a house in Britain will rise by 112 per cent to £333,000 by 2025.

What they forgot to mmtion in their report was the HPC in the mean time.

:P

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When house prices eventually are seen to have crashed, it is articles like these that will make the VIs look monumentally stupid in the aftermath.

Many articles will be written along the lines of "how did the experts get it so wrong when they said there will be no crash" ?

And it is around that time we will be sitting around saying "DUH".

The mortgage lenders are just as deluded and foolish as the idiots who try to audition for the X Factor.

But the Woolwish will be able to hide behind the "study" carried out by Aston University. This is the clever thing about spin. They are not actually saying "we believe" but "according to a study carried out on our behalf by".

Spin is becoming extremely complex.

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They are not actually saying "we believe" but "according to a study carried out on our behalf by".

Yeah although the difference is too subtle for the Moronic Masses to notice.

When the s**t hits the fan the mortgage lenders themselves will not escape the drubbing that they deserve 110%.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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