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

Bbc Turd Polishers At Their Best.

Recommended Posts

http://www.bbc.co.uk/news/business-28521584

"House price growth 'starts to slow'"

Seven out of 10 regions of England and Wales recorded month-on-month falls in house prices in June, according to the Land Registry.

However, property prices were still 6.4% higher compared with a year ago, leaving the average home priced at £172,011.

That yoy figures is going to show a BIG negative fall by Christmas.

How will the publicly funded turd polishers spin that ?

Edited by TheCountOfNowhere

Share this post


Link to post
Share on other sites

East Midlands, down 1% MoM.....and that's prime selling months too. Annualise that and that 6% YOY increase is going to become a 6% fall.

The agents have pushed people too far, this "return to normal" is being exposed for the pre-election lie it is.

Edited by TheCountOfNowhere

Share this post


Link to post
Share on other sites

Haven't we been here before?

- Month on month data

- Cherry picking numbers for a specific location

- Seasonally adjusted

- Up x% in the last 5x years

- Last minute buying opportunity

Need I go on?

They only have to keep it going another 8 months, then redraw the electoral boundaries before 2020.

Another victory for the one-ish party state.

Share this post


Link to post
Share on other sites

Is it possible that sentiment is turning even amongst OO's?

I genuinely thought we were beyond hope but I suppose if we look at the timeline then it's possible. We could have people in boom years who now have a half a million 'asset' but 3 kids wanting access to that BOMAD equity (provided it hasn't already been blown on holidays etc.) might be realising that HPI wasn't the christmas everyday that they thought. Here's hoping that the sentiment of HPI being good is now starting to be realised at both ends of the scale (the priced out young and the parents of those meaning a favour of HPC increasing to those in their 40's/50's).

Share this post


Link to post
Share on other sites

A good crash is baked in this time, the situation on the ground is very different from 2008.

> Negative real wage growth for a decade+.

> 0% interest rates.

> Stupidly high London property bubble 50%? in the last few years.

> Food banks, Homeless people

> 21 Billion housing benefit bill

> Government already making dodgy loans for homes

> Savers have been thrown on the bonfire

> Record high personal debt

There's little left to throw onto the HPI bonfire, tweaking stamp duty and introducing Interest relief are only going to have a tiny effect compared to the previous pumping schemes, including reducing interest rates 5% since the last peak.

There is also no cash left to throw at the problem either. If you introduce zero stamp duty or mortgage interest relief what public services are you going to cut and how will you justify that.

It's going to be a great mess and election time will be interesting with nobody wanting to vote either Labour of Conservative.

Share this post


Link to post
Share on other sites

There's little left to throw onto the HPI bonfire...

Nonsense, the government has plenty of ammunition left:

- Importing more people.

- Paying landlords larger amounts of money.

- Actually buying up homes at "market rate".

- Throwing money out of helicopters.

- Actually demolishing peoples homes.

I used to think there were rules to stop this sort of thing from happening, but I was mistaken.

Share this post


Link to post
Share on other sites

Nonsense, the government has plenty of ammunition left:

- Importing more people.

- Paying landlords larger amounts of money.

- Actually buying up homes at "market rate".

- Throwing money out of helicopters.

- Actually demolishing peoples homes.

I used to think there were rules to stop this sort of thing from happening, but I was mistaken.

Where are they going to get the funds from?

Share this post


Link to post
Share on other sites

Nonsense, the government has plenty of ammunition left:

- Importing more people.

- Paying landlords larger amounts of money.

- Actually buying up homes at "market rate".

- Throwing money out of helicopters.

- Actually demolishing peoples homes.

I used to think there were rules to stop this sort of thing from happening, but I was mistaken.

- Importing more people. - with no money

- Paying landlords larger amounts of money. - with more government debt ?

- Actually buying up homes at "market rate". - with more government debt ?

- Throwing money out of helicopters. - they'd stopped that already.

- Actually demolishing peoples homes. - Well, they've already demolished peoples savings.

Share this post


Link to post
Share on other sites
- Actually demolishing peoples homes. - Well, they've already demolished peoples savings.

Wasn't that what John Prescott did, to quote from Wiki, "In the north of England, Prescott approved the demolition of some 200,000 homes that were judged to be in "failing areas" as part of his Pathfinder regeneration scheme. It has been argued that renovating properties, rather than demolishing them, would have made better financial and community sense"

Share this post


Link to post
Share on other sites

Wasn't that what John Prescott did, to quote from Wiki, "In the north of England, Prescott approved the demolition of some 200,000 homes that were judged to be in "failing areas" as part of his Pathfinder regeneration scheme. It has been argued that renovating properties, rather than demolishing them, would have made better financial and community sense"

Yes it would. Was he taking orders from the Ponzi Debt Masters? Should he be held to account?

Share this post


Link to post
Share on other sites

Yes it would. Was he taking orders from the Ponzi Debt Masters? Should he be held to account?

Held to account? One of the execs?

BLASPHEMY!!!

Seize him men

Share this post


Link to post
Share on other sites

Nonsense, the government has plenty of ammunition left:

- Importing more people.

- Paying landlords larger amounts of money.

- Actually buying up homes at "market rate".

- Throwing money out of helicopters.

- Actually demolishing peoples homes.

I used to think there were rules to stop this sort of thing from happening, but I was mistaken.

April the 1st is the next one (ironic date huh?).

An army of pensioners with a full pot of fresh moolah will be hitting the UK housing stock to impound generation rent further away from getting any foot on any ladders.

Share this post


Link to post
Share on other sites

April the 1st is the next one (ironic date huh?).

An army of pensioners with a full pot of fresh moolah will be hitting the UK housing stock to impound generation rent further away from

getting any foot on any ladders.

Damn, I forgot about the next leg on the master plan. Just like htb they must be hoping that the pensioners and msm will turn sentiment again into dont miss the boat.just like htb, very few people used the scheme but with the beeb constantly ramping everyone went mental, lets just hope the falls are deep enough to discourage the biddies come April 1st.

Share this post


Link to post
Share on other sites

The BBC has previously used the term "sideways growth". :wacko:

don't worry, it's a soft landing.

as soft as a parachutist landing in horse manure.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   215 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

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.