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john_d_uk

Trevor Mc Donut On Itv Monday 12 Sept

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The ITV programme last night, pretty much said what I have been thinking since last summer, ie that June/July 2004 was the actual achievable house price peak and since then prices have notionally increased in EA windows, but not on the ground (ie in achievable sales prices)

I found it such a deja-vu seeing some people being interviewed as they approach repossession... quote " I didn't realise that by constantly re-mortgaging , and not paying off my debts I could end up in trouble" Think 1989 1990. Not that long ago, but people have such short memories, don't they?

Programmes like this ITV one will cause serious alarm and I guess will do more than most to make people realise the real downturn is with us now.

Watch for more tv programmes such as this, as HPC becomes the next happening story.

JD :huh:

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I didn't realise that by constantly re-mortgaging , and not paying off my debts I could end up in trouble"

Was that a real quote? I didn't see the programme but if that is the mentality of people who have been mewing I think we are in serious trouble. God help them <_<

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That's the majority of home-owners.

Most of the ones I speak to have been MEWing.

I spoke to a friend who works in the business of fitting luxury kitchens in North London.

Prices start at £8000.

Me: "£8K! That's expensive. How do people afford that?"

Him: "They draw against their mortgage."

Almost everyone of his customers MEW's to fund the kitchen.

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Programmes like this ITV one will cause serious alarm and I guess will do more than most to make people realise the real downturn is with us now.

Least we forget.

Channel Television Programme

ITV1

* Carol Vorderman's Better Homes

* I Want That House

* Building the Dream

* House Auction

* Costa Living

* Sublime Suburbia

* House Hunters

* The Property Show

* Moving Day

* Under Offer

* Sixty Minute Makeover

* House Race

* Town and Country

BBC1

* Put Your Money Where Your House Is

* House Invaders

* Changing Rooms

* Fantasy Rooms

* Housecall

* Trading Up

* Trading Up in the Sun

* Here Comes the Sun

* Houses Behaving Badly

* To Buy or Not to Buy

* Big Strong Boys

* Big Strong Girls

* Real Rooms

* DIY SOS

* Wrong House Right House

* Who Lives Where?

* Living in the Sun

BBC2

* Through the Keyhole

* Homes under the Hammer

* Escape to the Sun

* Home Front

* Escape to the Country

* Escape to the Country Revisited

* How to get a New Life

* Sunday Home and Garden

* The Million Pound Property Experiment

* The Joy Of Home

* How I Made My Property Fortune

* Superhomes

* House Detectives

* House Detectives at Large

* Design Rules

* Taste

Channel 4

* Location, Location, Location

* Location, Location, Location Revisited

* Location, Location, Location: First Time Buyers

* A Place in the Sun

* A Place in the Sun Revisited

* Celebrity A Place in the Sun

* House Trapped

* House Trapped by Design

* Housetrapped in the Sun

* Ideal Home

* No Going Back

* A Place in Spain

* A Place in France

* A Place in Greece

* A Place in Italy

* A Place Down Under

* Property Ladder

* Property Ladder Revisited

* Grand Designs

* Grand Designs Indoors

* Selling Houses

* Selling Houses Special

* Selling Houses Specials

* Room for Improvement

* Relocation Relocation

* The Property Chain

* Other People's Houses

* How Clean Is Your House

* Home from Home

* A New Life Down Under

* Honey I Ruined the House

* Making Space

* Up Your Street

* Home or Away

* A Place by the Sea

* Design and DIY Disaster

Channel 5

* House Doctor

* House Busters

* Britain’s Worst Home

* Hot Property

* Home Values

* Dream Holiday Home

* Property Dreams

* How Much Am I Worth

* The 20 Quickest Ways to Make Money on your Property

* The 20 Quickest Ways to Lose Money on your Property

* How Not to Decorate

* A House like Yours

* First Time Buyers

* Unlocked

UKTV Style

* Our House

* Our House 2

* Design ER

* Room Rivals

* House Share

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Least we forget.

Channel Television Programme

ITV1

* Carol Vorderman's Better Homes

* I Want That House

* Building the Dream

* House Auction

* Costa Living

* Sublime Suburbia

* House Hunters

* The Property Show

* Moving Day

* Under Offer

* Sixty Minute Makeover

* House Race

* Town and Country

BBC1

* Put Your Money Where Your House Is

* House Invaders

* Changing Rooms

* Fantasy Rooms

* Housecall

* Trading Up

* Trading Up in the Sun

* Here Comes the Sun

* Houses Behaving Badly

* To Buy or Not to Buy

* Big Strong Boys

* Big Strong Girls

* Real Rooms

* DIY SOS

* Wrong House Right House

* Who Lives Where?

* Living in the Sun

BBC2

* Through the Keyhole

* Homes under the Hammer

* Escape to the Sun

* Home Front

* Escape to the Country

* Escape to the Country Revisited

* How to get a New Life

* Sunday Home and Garden

* The Million Pound Property Experiment

* The Joy Of Home

* How I Made My Property Fortune

* Superhomes

* House Detectives

* House Detectives at Large

* Design Rules

* Taste

Channel 4

* Location, Location, Location

* Location, Location, Location Revisited

* Location, Location, Location: First Time Buyers

* A Place in the Sun

* A Place in the Sun Revisited

* Celebrity A Place in the Sun

* House Trapped

* House Trapped by Design

* Housetrapped in the Sun

* Ideal Home

* No Going Back

* A Place in Spain

* A Place in France

* A Place in Greece

* A Place in Italy

* A Place Down Under

* Property Ladder

* Property Ladder Revisited

* Grand Designs

* Grand Designs Indoors

* Selling Houses

* Selling Houses Special

* Selling Houses Specials

* Room for Improvement

* Relocation Relocation

* The Property Chain

* Other People's Houses

* How Clean Is Your House

* Home from Home

* A New Life Down Under

* Honey I Ruined the House

* Making Space

* Up Your Street

* Home or Away

* A Place by the Sea

* Design and DIY Disaster

Channel 5

* House Doctor

* House Busters

* Britain’s Worst Home

* Hot Property

* Home Values

* Dream Holiday Home

* Property Dreams

* How Much Am I Worth

* The 20 Quickest Ways to Make Money on your Property

* The 20 Quickest Ways to Lose Money on your Property

* How Not to Decorate

* A House like Yours

* First Time Buyers

* Unlocked

UKTV Style

* Our House

* Our House 2

* Design ER

* Room Rivals

* House Share

And your point is...??

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The ITV programme last night, pretty much said what I have been thinking since last summer, ie that June/July 2004 was the actual achievable house price peak and since then prices have notionally increased in EA windows, but not on the ground (ie in achievable sales prices)

I found it such a deja-vu seeing some people being interviewed as they approach repossession... quote " I didn't realise that by constantly re-mortgaging , and not paying off my debts I could end up in trouble" Think 1989 1990. Not that long ago, but people have such short memories, don't they?

Programmes like this ITV one will cause serious alarm and I guess will do more than most to make people realise the real downturn is with us now.

Watch for more tv programmes such as this, as HPC becomes the next happening story.

JD  :huh:

welcome to the site :) The programme was echoing what many people on here have been saying for months if not a year. So I think it's sfe to say that this site loved it!

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The point is that many of these programmes will rest in the subconcious of many.

We are dealing with a national obsession IMO - it will take a bit more than one bear programme to hammer the point home.

Edited by RRP

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That's the majority of home-owners.

Most of the ones I speak to have been MEWing.

I spoke to a friend who works in the business of fitting luxury kitchens in North London.

Prices start at £8000.

Me: "£8K! That's expensive. How do people afford that?"

Him: "They draw against their mortgage."

Almost everyone of his customers MEW's to fund the kitchen.

I personally know MEWs who have MEWed to simply pay off debts such installing double glazing, new kitchen, newish S/H car, holiday etc. We r talking 25K+, and they all ready had a 70K mortgage stapped to their B0ll0ks, they mentioned it to me, I told them they were committing financial suicide (they were a couple of 20 somethings) thick as Pig shi7 too much cash on the hip and not an ounce of intelligence, typical of todays MEWer.

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Guest growl

Look, all anybody is going to talk about over the next few weeks is the Ashes victory.

Its nice to have a sports victory. But the media will use it as another distraction. There has been nthing but distractions over the past year. Blair takes every opportunity to be out of the country. Then we have the terror attacks. Brown is already at the TUC today covering his A ss over oil saying how it is so dear because of global oil prices.

Basically our government will use anything in the news to distract from their mismanagement of our economy. Most people who are up to their necks in debt or property that they can't shift, or unsecure jobs with no savings and no insurance...will not wake up untill it is too late.

The media is running scared since the BBC took on the government over the 'sexed up dosier' and 'Dr.Kelly' and lost badly.

So why we might ask did they show such a program last night...out of the blue?

Why did the banks launch a website to help(?) people make the correct decisions about credit cards a couple of months ago?

Why are credit card companies wanting to share information about peoples credit history?

Why?

Because in the not too distant future when the economy sinks and the HPC is well under way, and the public is crying. All of these VI's can say...but we warned you, we tried to give advice, we tried our best to check your credit. You only have yourself to blame...

and they will point to these one-off programs and usless website's and pointless information sharing.

So enjoy the Ashes Joe Public because that's what your bricks and mortar and life will be soon. :angry:

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I watched the programme with interest last night.I wonder what the viewing figures were?It certainly presented a grim picture.I'm not so sure that England's victory (although fantastic) will be enough to obliterate peoples' concerns and self-interest.I think we're asuming people are dafter than they are - every home owner I know keeps an eye on what's happening in the market, whether they want to sell or not.If that programme wasn't enough to get bottoms twitching, I don't know what is.Fair enough, I wouldn't say people who have MEWed to within an inch of their financial lives are the sharpest tools in the shed though.

As for the Grim reaper property developer happilly making 15k+ a shot on re-possesions, can't say that would sit happily with my conscience, but different strokes...It really was so reminiscent of the late 80's/early 90's eh?

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Least we forget.

Channel Television Programme

ITV1

* Carol Vorderman's Better Homes

* I Want That House

* Building the Dream

* House Auction

* Costa Living

* Sublime Suburbia

* House Hunters

* The Property Show

* Moving Day

* Under Offer

* Sixty Minute Makeover

* House Race

* Town and Country

BBC1

* Put Your Money Where Your House Is

* House Invaders

* Changing Rooms

* Fantasy Rooms

* Housecall

* Trading Up

* Trading Up in the Sun

* Here Comes the Sun

* Houses Behaving Badly

* To Buy or Not to Buy

* Big Strong Boys

* Big Strong Girls

* Real Rooms

* DIY SOS

* Wrong House Right House

* Who Lives Where?

* Living in the Sun

BBC2

* Through the Keyhole

* Homes under the Hammer

* Escape to the Sun

* Home Front

* Escape to the Country

* Escape to the Country Revisited

* How to get a New Life

* Sunday Home and Garden

* The Million Pound Property Experiment

* The Joy Of Home

* How I Made My Property Fortune

* Superhomes

* House Detectives

* House Detectives at Large

* Design Rules

* Taste

Channel 4

* Location, Location, Location

* Location, Location, Location Revisited

* Location, Location, Location: First Time Buyers

* A Place in the Sun

* A Place in the Sun Revisited

* Celebrity A Place in the Sun

* House Trapped

* House Trapped by Design

* Housetrapped in the Sun

* Ideal Home

* No Going Back

* A Place in Spain

* A Place in France

* A Place in Greece

* A Place in Italy

* A Place Down Under

* Property Ladder

* Property Ladder Revisited

* Grand Designs

* Grand Designs Indoors

* Selling Houses

* Selling Houses Special

* Selling Houses Specials

* Room for Improvement

* Relocation Relocation

* The Property Chain

* Other People's Houses

* How Clean Is Your House

* Home from Home

* A New Life Down Under

* Honey I Ruined the House

* Making Space

* Up Your Street

* Home or Away

* A Place by the Sea

* Design and DIY Disaster

Channel 5

* House Doctor

* House Busters

* Britain’s Worst Home

* Hot Property

* Home Values

* Dream Holiday Home

* Property Dreams

* How Much Am I Worth

* The 20 Quickest Ways to Make Money on your Property

* The 20 Quickest Ways to Lose Money on your Property

* How Not to Decorate

* A House like Yours

* First Time Buyers

* Unlocked

UKTV Style

* Our House

* Our House 2

* Design ER

* Room Rivals

* House Share

Great, but very scary post RRP!

NDL

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I personally know MEWs who have MEWed to simply pay off debts such installing double glazing, new kitchen, newish S/H car, holiday etc. We r talking 25K+, and they all ready had a 70K mortgage stapped to their B0ll0ks, they mentioned it to me, I told them they were committing financial suicide (they were a couple of 20 somethings) thick as Pig shi7 too much cash on the hip and not an ounce of intelligence, typical of todays MEWer.

One of the US forums I look at had a post last week where the poster said she knew people who had MEW'ed and taken out $US 100,000 (=55,000 pounds) a year for 'living expenses' over the last 2-3 years, and expected to continue to do this indefinitely 'because our equity is still rising'.

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I know someone who has been 'living' off their house for years. Bought the house years ago for about £40k..it would now be on the market for about £250K. They have been drawing out living expenses on this for years and are now mortgaged up to the full value of the property. Wife doesn't work and husband has been in and out of work for the past few years (hence the mewing) He is now in a McJob and due to retire in about 4 years. I am not sure how they think they are going to pay a mortage of £250k when they are both nearly 60

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I know someone who has been 'living' off their house for years. Bought the house years ago for about £40k..it would now be on the market for about £250K. They have been drawing out living expenses on this for years and are now mortgaged up to the full value of the property. Wife doesn't work and husband has been in and out of work for the past few years (hence the mewing) He is now in a McJob and due to retire in about 4 years. I am not sure how they think they are going to pay a mortage of £250k when they are both nearly 60

SELL. SELL. SELL.

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QUOTE

'I personally know MEWs who have MEWed to simply pay off debts such installing double glazing, new kitchen, newish S/H car, holiday etc. We r talking 25K+, and they all ready had a 70K mortgage stapped to their B0ll0ks, they mentioned it to me, I told them they were committing financial suicide (they were a couple of 20 somethings) thick as Pig shi7 too much cash on the hip and not an ounce of intelligence, typical of todays MEWer.'

Personally I would never MEW - the sooner people pay off their loans the better

I would rather drive older cars that are paid for and not have a new kitchen etc. on credit or increased borrowing.

Recently in a bank I was asked if I wanted to move credit card debts onto their card to save mone. When Ii replied I dont have any credit card debts the female cashier looked at me is if was from another planet!!!!!!

Why can't frugality and common sense come back in this country????

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Great, but very scary post RRP!

NDL

Just viewed a house which is coming up for auction on this coming Thursday with

Allsop. They are still there, clambering around with builders in tow.

Builder to couple " it's end of terrace so the crack can be stitched up, no worries,Bobs's your uncle. Should get 70k profit". :angry:

Builder No 2 to other couple. " Well for a start you will have to re-plaster the whole house and the windows are in a mess".

A year ago a house ilke this would have attracted a lot more punters in East Greenwich. The whole house needs gutting back to the brickwork and a bathroom tacked onto the kitchen.

That said, there is still money around. probaby borrowed, :(

Well we saw it on telly, buy an old wreck and do it up- make a bomb !

Edited by RRP

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I know someone who has been 'living' off their house for years. Bought the house years ago for about £40k..it would now be on the market for about £250K. They have been drawing out living expenses on this for years and are now mortgaged up to the full value of the property. Wife doesn't work and husband has been in and out of work for the past few years (hence the mewing) He is now in a McJob and due to retire in about 4 years. I am not sure how they think they are going to pay a mortage of £250k when they are both nearly 60

That's fantastatic . . . like a negative pension . . . if this is widespread all you HPC doomsters are right. One of the roles of the state has to be to force people to save for their retirement because people left to their own devices can't be trusted and so everyone else picks up the bill (as will end up happening in this case it seems).

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  • 302 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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