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Rosie Millard Is Back

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Anyone hear Rosie spouting on Your and Yours yesterday? Plugging off-plan property in King's Cross, how to juggle credit cards and imparting sound financial BTL advice. Sounded quite pleased with herself, revealing she is now an international property magnate. Starts at 37'00, good bear fury...

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Anyone hear Rosie spouting on Your and Yours yesterday? Plugging off-plan property in King's Cross, how to juggle credit cards and imparting sound financial BTL advice. Sounded quite pleased with herself, revealing she is now an international property magnate. Starts at 37'00, good bear fury...

Rosie Millard

Duration: 9 minutes

The columnist who became the poster woman for buy-to-let talks about the recession.

Direct link (your link is wonky), straight to the intro of her: http://www.bbc.co.uk/programmes/p01tx9bx

I just began to play it, than had to quickly hit pause. Not sure I've got the stomach for it, in one go anyway.

Got this far into it, before managing to hit pause before the anger got too much.

It's considered very rude these days to mention how much your London property is worth. But now that the market is ripping away, we wondered if Rosie Millard prospered from her property gambles in the end. Rosie you might remember was the BBC Art's correspondent. She became really famous when[PAUSE]

HPCers. You do realise owners can sell.... cash in if they wanted. That there's been years of reflation to new peaks in many areas. That not everyone is a victim. There is after all a drought of property on the market.

At the same time another piece from her, one of the fave feely-feely topics of someone they've found in the 'squeezed middle' house-owners. Why are they in this situation wth so much debt? Perhaps they massively outbid others for housing, big mortgages, and not enough savings.

http://www.dailymail.co.uk/home/you/article-2575538/Are-stuck-Squeezed-Middle-Why-feeling-pinch-like-never-before.html

9th March 2014

‘Even in the case of our well-off families, we were struck by the fragility of people in the recession,’ says SRI researcher Chris Perry. ‘They are only ever two financial shocks away from external borrowing. It’s the big things that happen, such as the arrival of an unexpected tax bill or the breakdown of the car, that can plunge them into debt,’ agrees research director Suzanne Hall. ‘Their day-to-day existence is so precarious that they have no space to think.’

Something they are probably thinking about a lot, however, is their mortgage, which for many is interest only. Lots of middle-class families simply can’t afford to buy a home in places such as London, Cambridge or St Albans, for example, and so are being pushed into cheaper areas, but they still have enormous loans that they are simply not paying off. And many won’t have the capital to pay off their loans at the end of the term and will be relying on cashing in their equity. Everyone will then start selling their houses, which will cause a crash in prices.

The Financial Conduct Authority estimates that nearly four million homeowners could be facing an armageddon similar to the collapse of endowments 20 years ago. Plus, because of these worries, most interest-only deals have disappeared – meaning that when the interest-only sector of the market comes to remortgage, their household budgets will be unable to make the repayments.

What Suzanne Hall and her team also noticed is that families don’t have a financial buffer for disaster. People simply don’t have any savings. This seems to be a constant. ‘If we needed £300 tomorrow,’ says Marion, ‘I think we would have to ask Mark’s parents.’

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At the same time another piece from her, one of the fave feely-feely topics of someone they've found in the 'squeezed middle' house-owners. Why are they in this situation wth so much debt? Perhaps they massively outbid others for housing, big mortgages, and not enough savings.

A lot of inanity in that article, with a smattering of hardship that Ms Milliard fails to point could easily be rectified by selling up and renting instead. Such hubris will ultimately help precipitate a HPC, as even she notes in the passages you quoted, so all in all good stuff :D

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off plan property. we are the new Spain.

this is so funny.

there is no way we won't see some kind of collapse this year.

Continued support until 2020 !

Even my kids wont be able to afford to buy a house now.

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off plan property. we are the new Spain.

this is so funny.

there is no way we won't see some kind of collapse this year.

Something is going to collapse.~or go bang. That is a certainty.

What it is? When it will be? No idea

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The easy way to buy-to-let. Landlord Rosie Millard says a new-build flat can be a winner despite all the bad press they get

http://www.thisismoney.co.uk/money/mortgageshome/article-2923547/Easy-way-buy-let-Rosie-Millard-says-new-build-flat-winner.html#ixzz3PxIDhXx1

Don't recall this rampathon getting mentioned. Some very hpc'esque comments

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I'm genuinely baffled how these people can dispense such reckless financial advice and yet financial experts have to caveat their comments.

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She was in a team of ex-Hull students who were the runners-up in the recent Christmas University Challenge series:

I'm ashamed to say that I was rather taken with her...

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She was in a team of ex-Hull students who were the runners-up in the recent Christmas University Challenge series:

I'm ashamed to say that I was rather taken with her...

Yes she's leading Hull City of culture bid.

I think they should have stuck with Poppy Morgan, although her culture veers to the yeasty kind:

http://www.hulldailymail.co.uk/Hull-porn-star-finds-surprise-role-City-Culture/story-20246147-detail/story.html

I saw the student pick of Kate Adie when they were doing the Then + Now stuff.

I'd have crawled over hot swords to have a go at 19 yo Kate:

0ed1f76672d0f9dddefa33da1b15593fe1e39a11

Makem Bardot

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