xux42 Posted August 16, 2010 Share Posted August 16, 2010 (edited) Newspaper prints truth?? um... I don't understand.... what's happening? I've never seen this before. Papers have turned. Radio has turned, even saying HPI is bad for many. EAs are starting to ask media to stop ramping. [most]Buyers/Neutrals have known the score for a while. If the banks come clean and admit what they know and starting marking down their mortgage 'assets'... ...it will just leave sellers stubbornly marching out of step with everybody else. How long can they hold out in glorious isolation? Well, anyway if they won't cut their prices we can all have fun taunting them Edited August 16, 2010 by xux42 Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted August 16, 2010 Share Posted August 16, 2010 In 1982 I had what I would describe as an average job - I was earning about 12k. I was working in London at the time and I had just given up contracting to take a permanent position. Which (I guess) is why I noticed and remember the boards outside the recruitment offices up there. Office temps were being offered £5 an hour and I remember thinking there wasn't much of a differential between what they were getting and what I was getting (before I went permanent). Which is a point I have been making on this board for some years now - wage inflation for those in semi-skilled jobs (like office admin, driving etc.) have hardly gone up in what is now approaching 30 years. I remember the adverts on the backs of buses in the early 80s - become a bus driver and earn £240 a week. I saw an advert not long ago on the back of a bus in Reading - wages were £320 as far as I can remember. Some mistake surely? 1982 - average job/wage - £12k? Quote Link to comment Share on other sites More sharing options...
headrow Posted August 16, 2010 Share Posted August 16, 2010 Some mistake surely? 1982 - average job/wage - £12k? I left school in 82 and got a job in a warehouse taking home £57 a week. You couldn't get more average than that job. Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted August 16, 2010 Share Posted August 16, 2010 I left school in 82 and got a job in a warehouse taking home £57 a week. You couldn't get more average than that job. Thats what I was thinking. £12k pa seemed far too high an average wage for 1982. Quote Link to comment Share on other sites More sharing options...
keef319 Posted August 16, 2010 Share Posted August 16, 2010 did anyone else see this in Monday's Independent? Sorry if it's been posted already. http://www.independent.co.uk/opinion/commentators/mary-ann-sieghart/mary-ann-sieghart-house-prices-are-finally-falling-good-2053554.html Quote Link to comment Share on other sites More sharing options...
GordonBrownSpentMyFuture Posted August 17, 2010 Share Posted August 17, 2010 did anyone else see this in Monday's Independent? Sorry if it's been posted already. http://www.independent.co.uk/opinion/commentators/mary-ann-sieghart/mary-ann-sieghart-house-prices-are-finally-falling-good-2053554.html http://www.housepricecrash.co.uk/forum/index.php?showtopic=149355 Quote Link to comment Share on other sites More sharing options...
SleepyHead Posted August 17, 2010 Share Posted August 17, 2010 Independant newspapers was recently sold to a Russian businessman. His vested interests are not the same as the previous owners :-) http://news.bbc.co.uk/1/hi/business/8587469.stm Thanks for that link and info. Didn't know that. What it means, and why, is still tough to understand though. But as suspicious as I am of Oligarchs etc, at least some sense is being said in this article. TBH there's more sense in this one Sieghart article than in years of BBC or Murdoch coverage. Quote Link to comment Share on other sites More sharing options...
Selling up Posted August 17, 2010 Share Posted August 17, 2010 (edited) EAs are starting to ask media to stop ramping. Though I agree with your broad point, this is an odd way of putting it. At least 75% of 'media ramping' is reporting of EA quotes [edit: and articles based around EA press releases]. If the EAs want to stop media ramping, all they need to do is stop providing bullish quotes! Edited August 17, 2010 by Selling up Quote Link to comment Share on other sites More sharing options...
Mr Yogi Posted August 17, 2010 Share Posted August 17, 2010 (edited) This sort of news (cheering HPC) seem to be global now. ..maybe it is a sign that the demographic changeover is happening. An important point. With every passing year, the proportion of votors who would benefit from lower house prices increases. Before long they will form the majority. I'm not just talking about potential first-time buyers; many middle-aged mortgage free parents like myself would also like to see lower prices so that our kids have the same opportunities that we did. The value of our own house is an irrelevence to us personally as we do not plan on ever selling it. The historic received wisdom that HPI = Votes is about to be reversed. I'm sure that the politicians have done the maths. Could it be that a HPC over the next few years could actually be a vote winner for the ConDems? Edited August 17, 2010 by Mr Yogi Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.