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House Prices And The Media - Pure Propaganda

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A few months of reports showing prices may be rising in a select few parts of the country. A few snippets from housebuilders and estate agents telling the masses that everything is getting back to 'normal'. A few comments by the BOE regarding not allowing anything to get out of hand.

What do we see ? The words "bubble" and "soar" and "boom" all over the mainstream media.

We have had over 5 years of prices falling in many places in the country. In some areas and some sections - by a lot.

What do we see ? I can count the number of times i have heard the word "crash" in the mainstream media on the fingers of one hand.

Conclusion - its all just waffle.

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Yes - most SHOULD be quite happy with prices falling - however most just don't get it. Stuff like this in the media just helps that mindset along.

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Indeed what was the worst of recessions/depressions is unique in having gone from bust to boom without even passing through a green shoots phase. Ok there was NULabour's green shoots phase just before the 2010 general election but that was their figment of the imagination green shoots phase - for electoral purposes just like the current mania in the media.

A seamless transition from bust to boom.

Edited by billybong

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The majority of people in the UK own (or have bought using a loan) a house, and they see HPI as a good thing.

I own property (bought before all this madness, plus recent inheritance), but I also rent because it's amazing value. HPI is good for me (financially) but I have two kids and they can't currently plan for living in the UK because of housing costs. Anyone with more than one kid should be rooting for a HPC, but most just see it as a way of paying off CC debt, taking some nice holidays, replacing the car, etc.

It's only a way of paying it off when you sell the property, taking out a larger debt to pay off other debt isn't paying off the debt.

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It's waffle for sure - and built on the flimsiest of evidence such as the sentiment indicator for one month along with a short period of a small amount of so called "growth".

The fact that interest rates aren't going up (apparently for ages) just proves the size of the lie.

Edited by billybong

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We are definitely witnessing a full on media campaign to tell us "the recovery is here"

Breathtaking to see how powerful the 'Housing Wealth Effect' is.

They really believe they are getting richer, not that our currency is collapsing. I suspect they won't get it until the last moment before the Pound collapses.

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We are definitely witnessing a full on media campaign to tell us "the recovery is here"

Breathtaking to see how powerful the 'Housing Wealth Effect' is.

They really believe they are getting richer, not that our currency is collapsing. I suspect they won't get it until the last moment before the Pound collapses.

I think the pound may have already collapsed. I noticed a hamburger on sale for £8 in a motorway service station today!

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I think the pound may have already collapsed. I noticed a hamburger on sale for £8 in a motorway service station today!

Yeah. That's it. The Pound is collapsing, it's just collapsing one asset class at a time.

Scary times.

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