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Bbc Radio 5 Live: Uk House Prices Falling - 10/08/2010


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BBC Radio 5 Live: UK House Prices Falling - 10/08/2010

Original broadcast (UK): Tuesday 10th August 2010, 10am-12pm, BBC Radio 5 Live.

Stephen Nolan discusses Royal Institution of Chartered Surveyors (RICS) report that UK house prices are falling. Again.

Original HPC discussion: http://www.housepricecrash.co.uk/forum/index.php?showtopic=148933

UK House Prices (Part 1/7): BBC R5 Live - 10/08/2010

[00:00 - 14:26 of 01:11:52]

Part 1

00:00 - 04:24 : Introduction.

04:24 - onwards : Peter Bolton King (Chief Executive of the National Association Of Estate Agents).

08:05 - 09:30 : Caller - Kevin, Sutton Coldfield (Can't/Won't sell as offers are 10-12% under asking price).

10:00 - onwards : Jonathan Davis (Financial Planner).

Edited by GordonBrownSpentMyFuture
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UK House Prices (Part 2/7): BBC R5 Live - 10/08/2010

[14:26 - 26:14 of 01:11:52]

Part 2

00:00 - 07:30 : Peter Bolton King (Chief Executive of the National Association Of Estate Agents).

00:00 - onwards : Jonathan Davis (Financial Planner).

00:20 - onwards : Melanie Bien (Director of Communications at Private Finance).

03:00 - 04:02 : Texts (JC, Jim from Manchester, HPC’s very own “guitarman001” from Edinburgh).

07:35 - 11:40: Caller - Lucy, Winchester (Paid £32,000 over asking price).

Edited by GordonBrownSpentMyFuture
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UK House Prices (Part 3/7): BBC R5 Live - 10/08/2010

[26:14 - 32:15 of 01:11:52]

Part 3

00:00 - 00:52 : Introduction.

00:52 - 01:30 : Stephen Nolan and Will discuss home buying.

01:30 - 02:52 : Caller - Linda, Northampton (Received almost £20,000 over asking price but acknowledges that prices in her area are "artificially inflated").

03:20 - 05:22 : Caller - William, Bristol (FTB in his 30s who thinks prices need to fall by 30-40% and says he is priced-out by BTL).

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UK House Prices (Part 4/7): BBC R5 Live - 10/08/2010

[32:15 - 45:14 of 01:11:52]

Part 4

00:00 - 00:45 : Introduction.

00:45 - 02:45 : Caller - Carl, Derby (18 year old wants house prices to keep falling).

02:45 - 04:20 : Caller - Karen, Worcester (Paid £36,000 over asking price).

04:20 - 06:30 : Caller - Richard, Kent (Accountant thinks market is over-priced).

06:30 - 06:55 : Text - David, Cambridge (On market for 22 months, £75,000 reduction and only 3 viewings).

06:55 - 08:40 : Caller - Danny, Wiltshire (HPC’s very own “Timebandit”).

08:40 - 10:12 : Caller - Chris, Oxford (Can’t sell but still thinks banks lending at 3x salary is not a “terrible thing at all”.

10:12 - 12:12 : Jingles, etc.

12:12 - 12:48 : Stephen Nolan reads out a brilliant text.

Edited by GordonBrownSpentMyFuture
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UK House Prices (Part 5/7): BBC R5 Live - 10/08/2010

[45:14 - 54:34 of 01:11:52]

Part 5

00:00 - 00:45 : Introduction.

00:45 - 01:40 : Caller - Matt, Hertfordshire (Bought house that’s now worth more than when he bought in 2009).

01:40 - 09:20 : Caller - Dave, Newcastle Upon Tyne (The brilliant “lifecycle of a bubble” property investor).

Edited by GordonBrownSpentMyFuture
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UK House Prices (Part 6/7): BBC R5 Live - 10/08/2010

[54:34 - 1:03:04 of 01:11:52]

Part 6

00:00 - 01:05 : Introduction.

01:05 - 03:32 : Caller - Ben, Derby (Selling for £25,000 over asking price).

03:32 - 04:22 : Recap

04:22 - 08:30 : Caller - Sue, Sheffield (Wants to downsize now retired but despite reducing by £5,000 still can’t sell and “not prepared to lose any more money on it”). :rolleyes:

Edited by GordonBrownSpentMyFuture
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UK House Prices (Part 7/7): BBC R5 Live - 10/08/2010

[1:03:04 - 01:11:52 of 01:11:52]

Part 7

00:00 - 00:14 : Introduction.

00:14 - 00:50 : Texts (David from Cambridge again).

00:50 - 03:40 : Caller - Mark, Portsmouth (On Abbey’s 0.5% above BoE rate).

03:40 - 05:35 : Caller - Martin, Norfolk (Says renting is currently cheaper than buying).

05:35 - 06:12 : Texts (Angus, London: Told to put on market at £25k higher by EA than they did and still can’t sell).

06:12 - 07:44 : Caller - Ranjit, Wolverhampton (Looking to withdraw equity from his property to “invest” into others).

07:44 - 08:48 : Caller - Steve, Wigan (Estate Agent who disagrees with media announcing price increases as raises seller expectation and “the reality isn’t...”).

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Er - I was the one from Edinburgh - the comment about the engineer moving out of the country (I ain't but I wanted to make a point). I spoke about falling house prices being the recovery, not rising ones - and that a graduate engineer used to be able to afford a home on 3 times salary. I think it was at 23 mins.

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In part 2 the delusion is strong in that Lucy...

Buying into the end of a sucker's rally by paying £32,000 over asking and then the immortal line, 'Winchester is different'...

I loved the woman that rang in after Lucy and claimed that her area was 'unique, like Winchester is'....erm...... :rolleyes:

Edited by Mancghirl
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I loved the woman that rang in after Lucy and claimed that her area was 'unique, like Winchester is'....erm...... :rolleyes:

There's not much special about winchester, the nice bit is tiny and you've seen it all with a 5 minute stroll. During that stroll you'll encounter a lot of homeless people with drug problems. Outside of the centre is a wasteland of poor housing. I see no reason to pay any kind of premium to live there.

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  • 2 weeks later...

Does anyone know where I can get the picture that is on the back of the youtube image link thingy?! The Lifecyle of a Bubble graph makes so much more sense with the culprits for the events highlighted. I have tried to explain the graph to my mortgage owning friends but they are still in denial. I'm hoping this version of the graph along with a clean sweep of negatives on the indices over the coming months may enlighten better than I have managed!

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There's not much special about winchester, the nice bit is tiny and you've seen it all with a 5 minute stroll. During that stroll you'll encounter a lot of homeless people with drug problems. Outside of the centre is a wasteland of poor housing. I see no reason to pay any kind of premium to live there.

Nice observation. So true of many places (that perpetuate their own myth).

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