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BuyingBear

"it's Very, Very Scary" - Kirstie Allsopp's Fear For The Housing Market

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Stagnation, stagnation?

Government plans for a seller's pack could damage an already fragile market, TV presenter Kirstie Allsopp tells Caroline McGhie

If she had her trademark stiletto boots to hand, she might use them right now on the Deputy Prime Minster John Prescott. Not the sort of thing we expect from Kirstie Allsopp, presenter of almost all the property programmes you can think of. Her work hut, where she wrote her book How To Buy A House, is as sweet as a Wendy house at the bottom of the garden. Her little flat in North Kensington is full of pretty things, from china-blue floral curtains to silver-framed photographs of a blessed childhood. But today she is genuinely irate and it rather suits her.

pkirstie09.jpg

Home front: Kirstie Allsopp inside her west London home. She is fiercely critical of John Prescott's plans for the property market

kirstiequote.jpg

The blame game begins, it has just dawned on her that all these government initiatives and shared ownership schemes will knock the bottom rung out of the property ladder.

The old girl has gone into a bit of a tissy

The impersonators on Dead Ringers might be right in describing her as part Care Bear, because she does care. "And what about the people who are about to be repossessed? We all know that if they sell while they are still living in their houses, they will get a better price. But if the mortgage companies sell after they have moved out, they won't really care what they sell them for. And how are you going to find £600 up front if you are about to be repossessed?"

[..]

My feelings aren't political. I just feel this could be so enormously damaging to the economy. This country simply cannot cope with major stagnation in the property market."

Err.

Edited by BuyingBear

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Whats 'very very scary' is the stupid levels this housing bubble has got to. Transaction levels will go back to norm if prices dropped 25%

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Hi,

Poor old Kirsty. She has never had to really work for a living, never took advantage of her faimly's incredible wealth to do something useful with herself and now, it appears all to apparent, she's never had to deal with living to budgets and things like working and saving for a living. So now she is perplexed how a nation up to their a3rze in debt, stretched to 7-8 income multiples, cannot propel the propertry market ever higher.

Still, she's got her flat fixed up nice in the picture.

Boomer

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There seems to be something uber-upper middle class about her that makes every feature and article writer go all sycophantic and soppy.

Either that or she completely controls the copy.

Edited by Starcrossed

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Hi,

Or maybe the article desciription of "Her dark eyebrows are arched, making her look more Monica Bellucci than Mary Poppins" should be replaced by "a bulldog chewing a wasp"? Nah, didn't mean that. I sometimes think she has a dark and sultry look, smouldering with sireness charms, beckoning passing sailors to go to the local EA's office.

I like the quote in the article 'she seems to be on every television property show'. I think that is more likely beeny at the moment - have you noticed she seems to be in about three different shows at the moment?

Boomer

Edited by boom_and_bust

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The impersonators on Dead Ringers might be right in describing her as part Care Bear, because she does care. "And what about the people who are about to be repossessed? We all know that if they sell while they are still living in their houses, they will get a better price. But if the mortgage companies sell after they have moved out, they won't really care what they sell them for. And how are you going to find £600 up front if you are about to be repossessed?"

[..]

My feelings aren't political. I just feel this could be so enormously damaging to the economy. This country simply cannot cope with major stagnation in the property market."

So, can we all ask Kirsty la plops where she thought the money would appear from - for the next round of house price doubling?

Wonder how many of her customers ask for their money back.

Oooh forgot that clause - buyer beware!

Ever heard of a re-cession?

The onset of the 'process' of giving up your PROPERTY rights (to the banks and rich)

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She's a monobrow for sure.

Its the Monica Belluci comparision that gets me. She is a stunna ( in tabloid parlance ), and Kirsty is unlucky to have big bones, if you get me.

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We have a new euphemism for a crash - ' 'major stagnation!'

but.. people can't cope with their debt.. thats why stagnation is so dangerous.. it is that.. it is..

See if prices keep going up.. then those who can't cope with their debt..

They can sell..

Obviously to someone else who gets into more debt..

My god....

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"a bulldog chewing a wasp"

I prefer "a bulldog licking p!ss off a nettle".

As for the sycophancy, it's a trait I see often in this country. For many, the class divide still exists, and they hero worship the upper classes. Look at most (not all) people who have attended private schools in this country. Most are middle class, but truly believe that they are members of the aristocracy or minor royals.

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Guest horace

>> dom

quote

She still hasn't eaten her hat.

unquote.

She can eat my helmet any time.

horace.

:D

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but.. people can't cope with their debt.. thats why stagnation is so dangerous.. it is that.. it is..

See if prices keep going up.. then those who can't cope with their debt..

They can sell..

Obviously to someone else who gets into more debt..

My god....

wtf

Can anyone translate this gibberish?

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There's something rather comic about how, while other Property-related TV personalities are moving on to pastures new (see rfd's thread on this topic) the No. 1 "expert" Ms. Allsop just refuses to accept the party is over. There's a touch of Veruca Salt about it...

frugalista

Edited by frugalista

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The woman can't but help see history repeating itself.

After inticing hoardes into a property bubble it's all set up perfectly to implode just like it did for those who bought shares in her ancestors brewery:

"The lucky recipients of an allocation of shares congratulated themselves on their good fortune and soon the shares had almost doubled in value on the Stock Market. And yet, within 3 years, these same investors were demanding their money back at some of the most rowdy AGM’s ever witnessed. Allsopps had become a laughing stock and its history for the next 20 years, as it lurched from crisis to crisis until eventually falling into the hands of the receivers in 1911, made it a byword in mismanagement as probably (at least until then) the most unsuccessful brewing company the world had ever known. "

THE FALL OF THE HOUSE OF ALLSOPP

Plus ca change, plus c’est la meme chose

allsopp.jpg

Edited by Sledgehead

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It's apom's indecypherable prose, very profound if you know how to read it.

:) thank you...

although it may have been just gibberish...

Kirsty seems to be aware that people have been getting into more debt then they can cope with.

Her answer seems to be that it shouldn't matter as they can sell to someone else for more then they paid.

That person can then pay the greater debt that they have taken on until the point that they then struggle and sell for a profit to someone else..

She seems upset that this can't go on forever which is odd..

That she seems suprised is moronic..

So, kirsty.. The debt cannot be sustained?

Then the market cannot be sustained.

Does she imagine that in a few years people would save for years and buy for one month as they can only afford one months repayment.

That is the logical conclusion to the current market.

And her lack of understanding and the fact that she gets prime time telly time to sell her perspective means that the greater population does not understand either.

Prices will not drop until they have to.. Not while captain moron and his 9 times multiple "Lie to buy" mortgage still seems content with the prices.

But if you believe that can work.. then step back..

Look at the market..

and have a little giggle..

passes the time..

A fool and his money are soon parted.

A fool and a great deal of the banks money are soon parted.

A fool and a lifetime of crippling debt are partners for life.

There has to be a finite amount of fools.

There has to be a finite of money fools can get hold of.

Surely?

Christ on a bike

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  • 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%



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