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The Masked Tulip

Bbc News Blatant Ramping Of House Prices?

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I see that when BBC News now talks about house prices they run a graphic which is basically an aerial view of houses.

Over-laid on this image are the words 'House prices', 'Cheaper mortgages', 'Smaller desposits', 'Help to Buy' and each of these words appears multiple times scrolling across the screens.

I am sorry but that is not impartial reporting IMPO but, instead, IMPO it is blatant ramping. If that appeared on a commercial channel you could argue that it was breaching subliminal advertising rules..

They would not, and have not, put up similar graphics with phrases such as 'Higher fuel prices' or 'Food prices go up as wages remain stagnant'.

Quite shocking but very blatant IMPO.

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The mainstream media are wretched liars. You cannot trust any of them ... because they all have agendas, both political and financial.

In recent weeks I have noticed the mainstream media ramping the housing market ... it feels like the mid 2000s again. They are feeding us with the same old lies... do any of them remember 2007/08?

Liars, the lot of them

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On bbc "news" (in reality, "gossip and speculation") these days there is often a load of ramping/advertising for their other programs, disguised as news. They have a lot in vested in poperty porn programming, and they need to keep the interest up, so their audience share doesn't slip.

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From the jubilant expressions of the reporters and news readers, I suspect it is the bias of the individuals rather than the policy of the corporation, but I could be wrong.

Popular with well paid media employees, who tend to own houses and buy-to-lets so plenty of support from them, that was the genius of Brown's housing bubble and the reason that it is difficult to unwind and get re-elected, but unwind it will.

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I do a bit of consumer debt help in my line of work.

On wednesday I had a client call me in floods of tears, she is a single mum and completely and utterly broke. She had a bailiff at her front door with a walking posession order, ready to take what little she had left to pay a bill of £840.

The bill was originally a fine for not having a TV licence racked up to this level with bailiff fees. The Bailiff point blank refused a reasonable offer to clear this over a few months she's been left with practically nothing and will probably have a remaining balance to clear.

Goold 'ol Auntie Beeb.

Edited by Reck B

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Quite shocking but very blatant IMPO.

Well when you have a work colleague doing this.....

Nick Ross has sold his family home in west London for almost 40 times what he paid for it.

When Ross, 65, and his wife Sarah, a television producer, moved into their imposing 1908 town house in the Notting Hill area, in the early 1990s the price of £950,000 may have seemed a stretch.

But the couple have now agreed to sell it to the financier Khaled Said and his wife Diane Elisabeth for a figure reported to be around £35 million.

http://www.telegraph.co.uk/property/propertynews/9561278/Crimewatch-Nick-Ross-presenter-sells-house-for-40-times-what-he-paid-for-it.html

How many more of our licence tax paid presenters are sat with London properties?

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It's the national broadcaster, there to soft-pedal the Establishment line at all times. Emasculated by Bliar because of the dodgy dossier, sunshine propaganda is now its stock-in-trade. The days of political dissent are long gone.

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Well when you have a work colleague doing this.....

How many more of our licence tax paid presenters are sat with London properties?

I'm not sure what we're complaining about? Are we actually having a grumble that life is unfair? Isn't that something we all know? How many of us would have afforded a 905K house in the early 1990s - TV presenters do very well for themselves and haven't paid income tax in years. With that comes the stress of fronting a programme and paying staff in a production company and generally running a business which doesn't allow as much downtime as employees get.

This isn't Africa where markets are in their infancy. Any of us have the ability to learn a skill and sell it, or manage a group of people with skills and sell them. Yes, It takes hard work, you've got to give up a cosy life of coming home and doing nothing but there are a group of people who did that. Should we be annoyed at them for doing well? If you were in the same position would you complain? How many of us think of the people in the African sub-continent without access to medical care or food and water and spend our time feeling our lives are infinitely better than 90% of the planet?

These forums are beginning to feel like a pity party. Life is unfair - its a lesson everyone should learn early. We live in a complex kleptocracy where the masses get just enough to let them have a contained life, bring up some kids and die in comparative comfort.

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I'm not sure what we're complaining about? Are we actually having a grumble that life is unfair? Isn't that something we all know? How many of us would have afforded a 905K house in the early 1990s - TV presenters do very well for themselves and haven't paid income tax in years. With that comes the stress of fronting a programme and paying staff in a production company and generally running a business which doesn't allow as much downtime as employees get.

This isn't Africa where markets are in their infancy. Any of us have the ability to learn a skill and sell it, or manage a group of people with skills and sell them. Yes, It takes hard work, you've got to give up a cosy life of coming home and doing nothing but there are a group of people who did that. Should we be annoyed at them for doing well? If you were in the same position would you complain? How many of us think of the people in the African sub-continent without access to medical care or food and water and spend our time feeling our lives are infinitely better than 90% of the planet?

These forums are beginning to feel like a pity party. Life is unfair - its a lesson everyone should learn early. We live in a complex kleptocracy where the masses get just enough to let them have a contained life, bring up some kids and die in comparative comfort.

Where did I complain?

The OP was suggesting that in his opinion the BBC were ramping house prices. I merely suggested one possible reason why.

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Go to this Daily Mail article and start giving 'Green up arrows' to the sensible comments at the end:

http://www.dailymail.co.uk/money/mortgageshome/article-2387605/Average-house-price-England-Wales-hits-time-high-says-LSL.html#comments

There are loads of idiots on there atm voting down all the talk of bubbles or insanity.

Edited by Errol

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Go to this Daily Mail article and start giving 'Green up arrows' to the sensible comments at the end:

http://www.dailymail.co.uk/money/mortgageshome/article-2387605/Average-house-price-England-Wales-hits-time-high-says-LSL.html#comments

There are loads of idiots on there atm voting down all the talk of bubbles or insanity.

Bump.

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Bump.

Sorry my anti porn filter won't let me look at that site - it just shows me pictures of kittens.

At least it doesn't say "If you can read this, you are going to jail, your wife will leave you, your children will be taken away, and you will never get another job, or have any friends". which is what Claire Perry wants anti porn filters to say.

Oh hang on isn't looking at pictures of fluffy kittens tantamount to on line bestiality?

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I'm not sure what we're complaining about? Are we actually having a grumble that life is unfair? Isn't that something we all know? How many of us would have afforded a 905K house in the early 1990s - TV presenters do very well for themselves and haven't paid income tax in years. With that comes the stress of fronting a programme and paying staff in a production company and generally running a business which doesn't allow as much downtime as employees get.

This isn't Africa where markets are in their infancy. Any of us have the ability to learn a skill and sell it, or manage a group of people with skills and sell them. Yes, It takes hard work, you've got to give up a cosy life of coming home and doing nothing but there are a group of people who did that. Should we be annoyed at them for doing well? If you were in the same position would you complain? How many of us think of the people in the African sub-continent without access to medical care or food and water and spend our time feeling our lives are infinitely better than 90% of the planet?

These forums are beginning to feel like a pity party. Life is unfair - its a lesson everyone should learn early. We live in a complex kleptocracy where the masses get just enough to let them have a contained life, bring up some kids and die in comparative comfort.

What a load of absolute sh*te. Paxman, I presume?

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I'm not sure what we're complaining about? Are we actually having a grumble that life is unfair? Isn't that something we all know? How many of us would have afforded a 905K house in the early 1990s - TV presenters do very well for themselves and haven't paid income tax in years. With that comes the stress of fronting a programme and paying staff in a production company and generally running a business which doesn't allow as much downtime as employees get.

This isn't Africa where markets are in their infancy. Any of us have the ability to learn a skill and sell it, or manage a group of people with skills and sell them. Yes, It takes hard work, you've got to give up a cosy life of coming home and doing nothing but there are a group of people who did that. Should we be annoyed at them for doing well? If you were in the same position would you complain? How many of us think of the people in the African sub-continent without access to medical care or food and water and spend our time feeling our lives are infinitely better than 90% of the planet?

These forums are beginning to feel like a pity party. Life is unfair - its a lesson everyone should learn early. We live in a complex kleptocracy where the masses get just enough to let them have a contained life, bring up some kids and die in comparative comfort.

I'd like a government that would allow capitalism to work, you know, one thats breaks up the cartels and the almost Elizabethan "monopolies" (like the BBC) which would put a stop to the looting and stashing of cash overseas far better than any taxation regime.

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I don't know why we bother pulling our hair out about this. It all smacks of King Canute.

I say 'fill your boots' BBC and Daily Plop. I want to see asking prices go up by 50% a week! The quicker this insane bubble within a bubble accelerates the faster the poison gets lanced ala Ireland. I find it hard to believe it will take until 2015 but if it does, so be it.

This is natural selection in motion: The carnage is going to be unsurpassed.

Meanwhile I'm renting a place in a nice part of outer London where my rent hasn't gone up for many years (in fact down, cue Bruce Banner) and I can cycle to work! Don't believe all the rent rise bo-lax

Where's me popcorn?

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I don't watch Bbc news. The order of importance of articles became random and any in depth analysis rubbish (the recent royal baby reporting). Newsnight has also been destroyed with revolving presenters and scandals related to the programme. Question time has been dire for years!

I will check the bbc news website but the quality there is variable and who knows who the writer was?

Edited by Ash4781

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I have noticed a change in approach from the BBC from "house price inflation = good" to "house price inflation may be bad but it's the only way". Last night the discussion on Newsnight leant towards thw argument that an economy built upon ever rising house prices was unsustainable but the consensus seemed to be that it was going to happen anyway and nobody could do anything about it because it is what the government wanted.

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I have noticed a change in approach from the BBC from "house price inflation = good" to "house price inflation may be bad but it's the only way". Last night the discussion on Newsnight leant towards thw argument that an economy built upon ever rising house prices was unsustainable but the consensus seemed to be that it was going to happen anyway and nobody could do anything about it because it is what the government wanted.

The government wants home ownership as a form of social control. Debt slaves don't strike or protest.

The snag is homes have been bid up beyond what is affordable for many. We now have 9 MILLION RENTERS.

Oh dear.

Out of 9 million renters half are going to be private. The priced out are going to meekly pay a rentiers pension for life are they?

I think not.

Edited by aSecureTenant

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The quicker this insane bubble within a bubble accelerates the faster the poison gets lanced ala Ireland. I find it hard to

Exactly. In my area, it's gone totally batshit crazy in just the last 3-4 weeks. We've looked at a lot of houses in the past 2 weeks, and come across such examples as:

  • A house come to the market at £235k when it sold for £182.5k in April '12, no improvements made in the meantime

  • An agent telling me on Thurs that a house would achieve £215k and on Fri saying the same house would make £235k - £10k above 2007 peak

  • Same agent telling me he sold 19 houses last month. A small independent saying at the same time that anyone selling more than 6 a month should be smiling.

  • An entire street of asking prices upped by 25% based upon two very suspicious anomolies*

  • Viewed two yesterday priced at 12% over recent sold prices for identical houses.

The speed at which this is happening is out of control. I'm starting to think that collapse or a crack up boom might be just around the corner.

* ref the anomolies, two houses right next door to each other both sold within 6 weeks as 25-30% above average prices for that road. There's a huge amount of historical data so these two stand out like sore thumbs. My guess is that it's an investor transferring them to a holding company or something similar, and taking the opportunity to take a payout and try to push the local prices up at the same time. Any other thoughts would be appreciated.

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The government wants home ownership as a form of social control. Debt slaves don't strike or protest.

The snag is homes have been bid up beyond what is affordable for many. We now have 9 MILLION RENTERS.

Oh dear.

Out of 9 million renters half are going to be private. The priced out are going to meekly pay a rentiers pension for life are they?

I think not.

I agree.

The UK Gov know this which is why H2B is being introduced to ensure that enough renters become debt slaves who are duly enrolled into the system. Having too many renters is dangerous to them, they need enough renters to sustain the BTL part of the Ponzi but too many could bring the whole thing down.

Edited by campervanman

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