Catch22 Posted August 29, 2005 Share Posted August 29, 2005 (edited) Some one posted a list of newspaper quotes that attempted to "bull" the market up, even though it was on the point of undergoing a correction . I was just thinking we are again seeing such reporting, and those who have the most to loose from property corrections. Under captilised frustrated FTB'ers may be conned into believing if they don't jump in now they will indeed miss the boat. So if someone could dig that list of quotes up, I think it would be a good idea if WEBMASTER made it a non postable to STICKY. So the next time we get a newbie potential FTB'er, saying "just a minute I read in the paper today that property prices have bottomed, and will increase a zillon percent over the next five years. They can be directed to said sticky waddyathink Edited August 29, 2005 by Catch22 Quote Link to comment Share on other sites More sharing options...
kinesin Posted August 29, 2005 Share Posted August 29, 2005 It's linked of the FAQ from the front page - Tho i do wonder how many people find it from there. Most forums have a sticky FAQ http://www.housepricecrash.co.uk/FAQ-1988-...papers-said.php Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted August 29, 2005 Share Posted August 29, 2005 id suggest a small 120x60 gif link of a newspaper page as a direct link off the main index page. (perhaps animated to spin like the classic hot off the press style and yellowed for age. as a title id suggest maybe '**** press' or 'Metro Gnome' Quote Link to comment Share on other sites More sharing options...
Catch22 Posted August 29, 2005 Author Share Posted August 29, 2005 It's linked of the FAQ from the front page - Tho i do wonder how many people find it from there.Most forums have a sticky FAQ http://www.housepricecrash.co.uk/FAQ-1988-...papers-said.php <{POST_SNAPBACK}> Jeez kinesin that was quick, so there it is and yes I agree it is not where it would do best work. I think it should be made a sticky on this the main form as well. Thanks Quote Link to comment Share on other sites More sharing options...
Dicky Posted August 29, 2005 Share Posted August 29, 2005 A nice quote at the dawn of the mother of all crashes. The TimesSAT 02 JUL 1988 House-rich;House prices;Family Money Soon no area of the country will be immune from "rampaging" house-price increases, says the Royal Institution of Chartered Surveyors. The institution says that more than half of the 188 estate agents who contributed to its survey of prices for the... Quote Link to comment Share on other sites More sharing options...
Dames Posted August 29, 2005 Share Posted August 29, 2005 The TimesWED 22 MAR 1989 Marking time;House prices in Britain House prices in Britain are likely to stagnate this year, the Halifax Building Society said yesterday. It expects high demand in the Midlands and North but a slowing down in the South. HPC as the primary source of info could be correct as pointed out on another thread , they seem to be printing the same articles they were writing last time round. D Quote Link to comment Share on other sites More sharing options...
Marina Posted August 29, 2005 Share Posted August 29, 2005 I am beginning to think that people, in general, think the last crash was something that never happened - or, if it did, it was a minor blip and not worth thinking about. For anyone younger than about 35 now it probably meant nothing. They were still at school and green behind the ears - so what Dad's been made redundant and house prices are falling - I am much more focused on enjoying myself. For anyone under 25 it literally means nothing. For a lot of people that are older - they seem to have bought into the idea that it was a one off. A blip on their journey through life to owning a million pound house. It's because people don't think. They don't question why house prices are going up, they just think it is some sort of natural law - that benefits them as house owners. Throw in the media and its almost 1984esque. History is being re-written. Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted August 29, 2005 Share Posted August 29, 2005 i can remember it. the first gulf war was on at roughy the mid-point. the economy wasnt booming, but at the same time - it wasnt chaos either. at the time it was just quiet, but ok. this one, though predicted to be bigger, hopefully will only affect houses and the btl - who lets face it, deserves to lose some gains. overall. i dont think we rest entirely on house inflation. though we have held it for far too long. we can afford the payback if we quit now and trim our fats. Quote Link to comment Share on other sites More sharing options...
the don Posted August 29, 2005 Share Posted August 29, 2005 I am beginning to think that people, in general, think the last crash was something that never happened - or, if it did, it was a minor blip and not worth thinking about.For anyone younger than about 35 now it probably meant nothing. They were still at school and green behind the ears - so what Dad's been made redundant and house prices are falling - I am much more focused on enjoying myself. For anyone under 25 it literally means nothing. For a lot of people that are older - they seem to have bought into the idea that it was a one off. A blip on their journey through life to owning a million pound house. It's because people don't think. They don't question why house prices are going up, they just think it is some sort of natural law - that benefits them as house owners. Throw in the media and its almost 1984esque. History is being re-written. <{POST_SNAPBACK}> i agree that the under 35 's were too young to understand what happened last time round. a lot of the over 35's have a number of misconceptions a) it was thatcher/ lawson who caused the last crash. as they are off the scene it wont happen again gordon brown has told them repeatedly that he has ended boom n bust. if you repeat something often enough, many people will believe it c) we as humans want to believe that good fortune has come our way. hence the success of many get rich scams where the gullible believe money grows on trees. you can see similar features in other countries ( usa, australia etc) what is clear now is that easy money allows these bubbles to form. they collapse when reality forces a withdrawal of the eass money. Quote Link to comment Share on other sites More sharing options...
Catch22 Posted August 29, 2005 Author Share Posted August 29, 2005 i agree that the under 35 's were too young to understand what happened last time round.........................what is clear now is that easy money allows these bubbles to form. they collapse when reality forces a withdrawal of the eass money. <{POST_SNAPBACK}> Yes and that is why those of us who did experiance that correction have to HAMMER IT HOME to the Thirty something FTB'ers of today. With low inflation, negative equity debts could mean that they are responsible for paying the mortgaged on their own prison with out bars. Quote Link to comment Share on other sites More sharing options...
Catch22 Posted August 29, 2005 Author Share Posted August 29, 2005 Here are some of my favorites, they chart six years of false hopes that helped to insnare millions in financial misery, and broken homes. The Times FRI 20 MAY 1988 House prices up 50%; Norwich; Focus One inevitable side-effect of Norwich's having joined the south-east economic boom is a sharp rise in house prices. According to Arnold Son & Hockley, a firm of chartered surveyors, there have been increases of up to 50 per cent in the last year alo... The Sunday Times SUN 18 NOV 1990 House prices set to take off in spring THE worst slump in Britain's housing market for more than a decade will end next spring, an authoritative report will forecast this week. Prices will rise by an average of 20% within two years, Lower interest rates and higher wages will combine to s... The Times WED 13 MAR 1991 House prices predicted to rise 66% over five years HOUSE prices in the UK are predicted to rise by an average of 66 per cent over the next five years as the housing market recovers from the slump through falling inflation and interest rates. The Housing Mortgage Corporation, in its latest house price... The Times TUE 03 MAR 1992 No let-up in house price fall House prices fell again last month in spite of efforts by the government and lenders to breathe life into the market, according to a Nationwide building society survey. Figures showed prices down 1.2 per cent on the previous month, the third consecut.. The Times TUE 02 JUN 1992 Falling house prices trap 2m borrowers AT LEAST 278,000 first-time buyers have mortgages larger than the current values of their properties, according to official figures from the Council of Mortgage Lenders. A report to be published next week by UBS Phillips & Drew, the securities house,... The Times THU 16 DEC 1993 House price boom predicted for 1994 HOUSE prices will rise by 19 per cent across the country next year, and by 25 per cent in the prime areas of London, according to the research department of Savills estate agent. Savills accurately predicted a fall of 8 per cent for prime central Lo.. The Times TUE 04 OCT 1994 House prices fall 2.9% House prices fell last month by 2.9 per cent, their biggest drop since October 1990, the Nationwide Building Society said yesterday. The average price of a house in September was Pounds 53,918, which was Pounds 1,617 lower than in August. But prices... The Sunday Times SUN 02 JUL 1995 New price slump dashes hopes of housing revival A STEEP fall in house prices was recorded last month, bringing them to a lower level than a year ago and dashing hopes of a property market recovery. Gloom over the economy and job insecurity contributed to an average 1% fall in June, according to th... The Times WED 03 JAN 1996 House prices remain lower than a year ago HOUSE prices are still much lower than they were a year ago in spite of five consecutive monthly increases, according to Britain's largest mortgage lender. The Halifax, which has more than two million borrowers, will announce today that, on an annual... Quote Link to comment Share on other sites More sharing options...
Elizabeth Posted August 29, 2005 Share Posted August 29, 2005 A nice quote at the dawn of the mother of all crashes. Â Â Â Â Â <{POST_SNAPBACK}> And then this in 1992 (wonder if it was the same journo ): The Sunday Times SUN 21 JUN 1992 `Boom days gone forever' as house prices still fall THE housing market is showing no signs of recovery and will remain depressed for the next five years as cautious buyers adjust to new economic circumstances, says an authoritative report to be published on Tuesday. It predicts a fall this year of 4%... Quote Link to comment Share on other sites More sharing options...
Once in a lifetime Posted August 29, 2005 Share Posted August 29, 2005 id suggest a small 120x60 gif link of a newspaper page as a direct link off the main index page. (perhaps animated to spin like the classic hot off the press style and yellowed for age.as a title id suggest maybe '**** press' or 'Metro Gnome' <{POST_SNAPBACK}> Sorry Fred couldn't find any front page clips from 90's without signing up to a subscription! ££££ Quote Link to comment Share on other sites More sharing options...
the end is a bit nigher Posted August 29, 2005 Share Posted August 29, 2005 (edited) The TimesTUE 04 OCT 1994 House prices fall 2.9% House prices fell last month by 2.9 per cent, their biggest drop since October 1990, the Nationwide Building Society said yesterday. The average price of a house in September was Pounds 53,918, which was Pounds 1,617 lower than in August. But prices... <{POST_SNAPBACK}> You could use the last sentence as a caption contest. "But prices appeared to be stabilising when John Evans from Rotherham was seen to enquire about no.26 Albert Road. However, when questioned about his interest, Mr. Evans (26) said 'no, you'd have to be a mug to buy property now, i was just peering between properties at the girl on the mortgage desk. She looked quite nice'". Edited August 29, 2005 by the end is nigh Quote Link to comment Share on other sites More sharing options...
Giraffe Cat Posted August 29, 2005 Share Posted August 29, 2005 (edited) These are my favorite two: The Times WED 08 MAR 1989 Agents forecast up to 20% rise in house prices near route;Channel tunnel rail link Property prices in Kent in areas within reach of stations on the Channel tunnel rail link are likely to rise by 10 to 20 per cent because of improved access to London the line will bring, according to estate agents in the county. They believe that th... The Times WED 26 JUL 1989 Tunnel line cuts price of houses;Channel tunnel A number of properties blighted by their closeness to the Channel tunnel terminal at Cheriton in Kent have been put up for sale at 20 per cent below market value. The 26 properties are in the villages of Newington, Peene and Frogholt and are being so... Edited August 29, 2005 by Giraffe Cat Quote Link to comment Share on other sites More sharing options...
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