Jump to content
House Price Crash Forum
Sign in to follow this  
FTBagain

Bbc 6 O'clock News

Recommended Posts

The BBC has had a really bearish day today. I missed the start of a 2 to 3 minute piece on the 6 o'clock on the big rise in repossions. It was quite an in depth bit covering debt and the autioning off of repossesed propreties, with picture of an auction in progress.

Even had Ed Stanfield of Capital Economics on. He stated that he expected the trend to continue for the next 2 to 3 years and to achieve levels similar to last time. :o

No spin (for a change) just lots of bad news.

Share this post


Link to post
Share on other sites

The BBC has had a really bearish day today. I missed the start of a 2 to 3 minute piece on the 6 o'clock on the big rise in repossions. It was quite an in depth bit covering debt and the autioning off of repossesed propreties, with picture of an auction in progress.

Even had Ed Stanfield of Capital Economics on. He stated that he expected the trend to continue for the next 2 to 3 years and to achieve levels similar to last time. :o

No spin (for a change) just lots of bad news.

I wonder how quickly reposessions will bring the market down i.e. properties being sold "cheap" at auction will inevitably drag prices down generally. My question is how exponential will this be?

Share this post


Link to post
Share on other sites

The BBC has had a really bearish day today. I missed the start of a 2 to 3 minute piece on the 6 o'clock on the big rise in repossions. It was quite an in depth bit covering debt and the autioning off of repossesed propreties, with picture of an auction in progress.

Even had Ed Stanfield of Capital Economics on. He stated that he expected the trend to continue for the next 2 to 3 years and to achieve levels similar to last time. :o

No spin (for a change) just lots of bad news.

I'd like to get excited about this but I'm spent after the Channel 4 news.

Still finishing my cigarette.

Share this post


Link to post
Share on other sites
Guest Riser

I suspect indirect articles like this may have a bigger impact on the publics misplaced confidence in the housing market as it bypasses their house price rose tinted filters.

Share this post


Link to post
Share on other sites
I'd like to get excited about this but I'm spent after the Channel 4 news.

Still finishing my cigarette.

Well OK calm down! WHAT did they sssaaaaayyyyyy?????? Please! Do tell! Do tell! :P:D

I wonder how quickly reposessions will bring the market down i.e. properties being sold "cheap" at auction will inevitably drag prices down generally. My question is how exponential will this be?

Pretty quickly is my guess. Just like Ed Stansfield said 2 to 3 years.

Here is the data from CML.

CMS_REPRO_H105.jpg

post-1956-1130352245_thumb.jpg

Edited by FTBagain

Share this post


Link to post
Share on other sites

Well OK calm down! WHAT did they sssaaaaayyyyyy?????? Please! Do tell! Do tell! :P:D

Pretty quickly is my guess. Just like Ed Stansfield said 2 to 3 years.

Here is the data from CML.

What is weird about that graph is how many houses were being reposessed during the boom years. I guess many people staved off reposession lately by mewing some extra borrowings. That will make the graph similar to the last time, when prices do start falling significantly.

Share this post


Link to post
Share on other sites

Good article on page 16 of London evening standard.

"Mortgage repossessions the highest for a decade"

Anyone out there able to provide a link,sorry I am unable to help.

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...
Sign in to follow this  

  • 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.