Jump to content
House Price Crash Forum
VacantPossession

Vi Spin.....reaching All-time Record

Recommended Posts

I can't be alone in seething frustration at the ludicrous levels of desperation spin about houseprices, peddled by ALL the media. Even traditionally aware newspapers like the Observer and Guardian are, just like everyone else, trotting out any old VI spin without any attempt to question it.

This is more than a passive response to any old cobblers some EA or other property pressure group hands to a newsdesk. It is a systematic, deliberate, palpable policy in the media to talk prices up, even at the point when the tide of house deflation is engulfing the nation.

Every time Channel Four or the Beeb quotes RIC's latest lies, and they ARE lies, another 10 million gullible, igonorant, unaware people believe it. In normal circumstances this is well containable, because the market is stronger than any spin. But in the current circumstances, so powerful and all-encompassing is the media's hold on Vested Interests, since almost everyone in the media has a PERSONAL vested interest themselves, it is quite possibly distorting the natural outcome, albeit temporarily.

I have lost count of the number of people I know who do actually believe every word uttered by the media about property. It is as though the whole UK has suspended its critical faculties.

Discuss please.

VP

Share this post


Link to post
Share on other sites

I can't be alone in seething frustration at the ludicrous levels of desperation spin about houseprices, peddled by ALL the media. Even traditionally aware newspapers like the Observer and Guardian are, just like everyone else, trotting out any old VI spin without any attempt to question it.

This is more than a passive response to any old cobblers some EA or other property pressure group hands to a newsdesk. It is a systematic, deliberate, palpable policy in the media to talk prices up, even at the point when the tide of house deflation is engulfing the nation.

Every time Channel Four or the Beeb quotes RIC's latest lies, and they ARE lies, another 10 million gullible, igonorant, unaware people believe it. In normal circumstances this is well containable, because the market is stronger than any spin. But in the current circumstances, so powerful and all-encompassing is the media's hold on Vested Interests, since almost everyone in the media has a PERSONAL vested interest themselves, it is quite possibly distorting the natural outcome, albeit temporarily.

I have lost count of the number of people I know who do actually believe every word uttered by the media about property. It is as though the whole UK has suspended its critical faculties.

Discuss please.

VP

VP

you only have to look back at the media reports leading up to and during the last correction. (there are links somewhere on the home page)

so much is at stake for the VI's, its understandable they're fighting as they go down (Nero, Rome etc..)

you know what happens next....

:)

Share this post


Link to post
Share on other sites

I have lost count of the number of people I know who do actually believe every word uttered by the media about property. It is as though the whole UK has suspended its critical faculties.

Discuss please.

The main problem is that the media spin works effectively because it's backed up by actual statistics on property, which only has ever had one period of nominal drops.

People don't understand cycles, don't understand markets, and are financially illiterate - even though all of this information is readily available when you look past the headlines and do your own reading.

VI spin can be defeated through education, but there's billions of pounds behind the mortgage lenders/EAs and no-one who gives a flying f**k about FTBs, and yes that even includes some STRs who sold their houses at the top of the market to some unsuspecting FTB at peak prices.

I've said this before, but you could look at property as being one long bull market, driven by the baby boomers.

Youngsters look at their parents who've done well out of both pensions and property, and think they can do the same.

Except that I don't think it's going to work for this generation like it did the last.

Share this post


Link to post
Share on other sites

I have lost count of the number of people I know who do actually believe every word uttered by the media about property. It is as though the whole UK has suspended its critical faculties.

Discuss please.

VP

With respect, don't make the assumption critical faculties were ever much present.

The whole edifice couldn't function if they had been.

Sorry, history teaches us this.

Share this post


Link to post
Share on other sites

I've said this before, but you could look at property as being one long bull market, driven by the baby boomers.

Youngsters look at their parents who've done well out of both pensions and property, and think they can do the same.

Except that I don't think it's going to work for this generation like it did the last.

The above statement is very true!

The population of most 'Western' nations is falling - and they still talk about a housing shortage?

Who seriously thinks that as the population declines that property will become scare? Immigration won't solve the problem either because these people are only interested in earning a few Quid and then going back 'home' to spend it.

Pensions - now there's yet another 'slight of hand'.

Cheers.

Share this post


Link to post
Share on other sites

A defence lawyer for one of Saddam Hussein's co-defendants has been executed after being abducted, police have announced.

Mmmmm. Wonder who was behind it? The same boys who were behind those recent bomb attacks in Iran ;)

Wonder if the press will push for the truth or just go along with the US/British spin machine.

Share this post


Link to post
Share on other sites

The main problem is that the media spin works effectively because it's backed up by actual statistics on property, which only has ever had one period of nominal drops.

People don't understand cycles, don't understand markets, and are financially illiterate - even though all of this information is readily available when you look past the headlines and do your own reading.

VI spin can be defeated through education, but there's billions of pounds behind the mortgage lenders/EAs and no-one who gives a flying f**k about FTBs, and yes that even includes some STRs who sold their houses at the top of the market to some unsuspecting FTB at peak prices.

I've said this before, but you could look at property as being one long bull market, driven by the baby boomers.

Youngsters look at their parents who've done well out of both pensions and property, and think they can do the same.

Except that I don't think it's going to work for this generation like it did the last.

Hi,

Yep. Have a good long look at the current demographic structure of the nation. 20-30 years from now there will be massive fall in the number of older folk as us baby boomers die off. This is assuming that living beyond 100 does not become common place, that we don't have mass, mass, mass immigration or younger folk now don't start having 6-10 children faimilies. If that doesn't change, where does the demand conditions similar to the last 30 years that drove the big big booms of this century going to come from?

Share this post


Link to post
Share on other sites

With respect, don't make the assumption critical faculties were ever much present.

The whole edifice couldn't function if they had been.

Sorry, history teaches us this.

Well, I didn't mean to be rude about the entire population but it does seem as though where property is concerned millions HAVE no critical faculties at all. Could be partially related to the amount of loans they have a VESTED INTEREST in, thus wishing the market up, so their "investment" doesn't go down. :D

VP

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.