Jump to content
House Price Crash Forum
TheCountOfNowhere

Channel 4: Property Boom` -- Merged

Recommended Posts

This?

Swallow it down hpc softheart excusers. It's a market, not a multi-decade game of excuses and awarding victimhood for buyers who choose to outbid others by fortunes.

Share this post


Link to post
Share on other sites

For more info, it's Monday 1st December @ 20.00.

"House prices are rocketing across the UK, with huge consequences for people buying and selling their homes. But who are the winners and losers in the British property boom?"

At least the tag line isn't advertising entirely how wonderful this is. I'll reserve judgement until tomorrow.

Share this post


Link to post
Share on other sites

This?

Swallow it down hpc softheart excusers. It's a market, not a multi-decade game of excuses and awarding victimhood for buyers who choose to outbid others by fortunes.

Another 'shoeshine boy' moment perhaps? A classic indication of a market top about to occur? Always seems to me that by the time programme makers get to making progs about some social topic they are usually late to the party.....

Share this post


Link to post
Share on other sites

Reminds me of this:

http://en.wikipedia.org/wiki/Million_Pound_Property_Experiment

"Million Pound Property Experiment was a television series in 2003–2004 which aired on BBC Two in the United Kingdom in which designers Colin McAllister and Justin Ryan bought, renovated and re-sold properties for a profit. This, as they gambled with a £100,000 loan from the BBC, with the ultimate goal being a sale of a property for £1 million."

The whole hting should have collapsed in 2005, the natural peak, but they kept it going, ponzi-style.

Share this post


Link to post
Share on other sites

Just saw an advert for it.

Threw up.

The ads have been on for a few days. One I saw had the boss saying "There is NO NEGOTIATING on price, ever", or something like that. The sales team, no doubt hungry to pay their own mortgage, looked caught between ruthlessness and creeping fear, a difficult emotional place to be I assume. This will be car crash awful IMO, laughable and anger inducing as well. I can visualise some of their viewings; "We don`t negotiate on the price....ever."...."Bye".... I am guessing many EA`s don`t throw up much these days, they are too hungry :lol:

Edited by dances with sheeple

Share this post


Link to post
Share on other sites

Reminds me of this:

http://en.wikipedia.org/wiki/Million_Pound_Property_Experiment

"Million Pound Property Experiment was a television series in 2003–2004 which aired on BBC Two in the United Kingdom in which designers Colin McAllister and Justin Ryan bought, renovated and re-sold properties for a profit. This, as they gambled with a £100,000 loan from the BBC, with the ultimate goal being a sale of a property for £1 million."

The whole hting should have collapsed in 2005, the natural peak, but they kept it going, ponzi-style.

Is this the basis of the BBC's VI? :mellow:

Share this post


Link to post
Share on other sites

IMO the bbc`s VI is just protecting the status quo, keeping control (they don`t have this power any more IMO, but don`t seem to have cottoned on yet, they will just beam out the message hoping that enough people tow the line) Many did what was expected and borrowed to the max for property, that this is good will be upheld by the bbc until it all just collapses, then they will try to appear "horrified". It is all just bad mind-control panto really.

Share this post


Link to post
Share on other sites

I suppose it is 'that London' market (aka property boom) again - wish they would call it what it is.

will watch it just to shout at the TV :rolleyes:

Share this post


Link to post
Share on other sites

Reminds me of this:

http://en.wikipedia.org/wiki/Million_Pound_Property_Experiment

"Million Pound Property Experiment was a television series in 20032004 which aired on BBC Two in the United Kingdom in which designers Colin McAllister and Justin Ryan bought, renovated and re-sold properties for a profit. This, as they gambled with a £100,000 loan from the BBC, with the ultimate goal being a sale of a property for £1 million."

The whole hting should have collapsed in 2005, the natural peak, but they kept it going, ponzi-style.

I thought this was a sham, with lots of unaccounted for cash, fees etc, and arbitrary upgrades from property to property, without the net profits from the previous one being sufficient for it to work

Share this post


Link to post
Share on other sites

Hmm by identifying the boom - does this mean this is the bottom?

We will know we're at the bottom when the Express is saying it's a bad time to buy a house.

Share this post


Link to post
Share on other sites

We will know we're at the bottom when the Express is saying it's a bad time to buy a house.

That will be one sign. Also having in-laws telling you what a burden their mortgage is and how they should have never taken in so much debt.

Edited by renting til I die

Share this post


Link to post
Share on other sites

I thought this was a sham, with lots of unaccounted for cash, fees etc, and arbitrary upgrades from property to property, without the net profits from the previous one being sufficient for it to work

There is a lot of competition - however that programme was up there at the top. Just completely made up fiction from start to finish.

Buy for 100k , do up , sell for 130k , 10k profit = buy next one for 200k....

Something missing there - but can't quite put my finger on it.

Share this post


Link to post
Share on other sites

Shame Adam Curtis hasn't done one of his 90 minute documentaries on the property boom with the trademark stock footage and eclectic soundtrack. A slow motion zoom into Krusty's laughing face, set against Brian Eno could really work.

Share this post


Link to post
Share on other sites

Shame Adam Curtis hasn't done one of his 90 minute documentaries on the property boom with the trademark stock footage and eclectic soundtrack. A slow motion zoom into Krusty's laughing face, set against Brian Eno could really work.

Maybe, having made his name and fortune in making those various well known 'conspiracy theory'/alternate viewpoint modern social history documentaries, he himself is also mortgaged up to his eyeballs???? ;)

Share this post


Link to post
Share on other sites

The ads have been on for a few days. One I saw had the boss saying "There is NO NEGOTIATING on price, ever", or something like that. The sales team, no doubt hungry to pay their own mortgage, looked caught between ruthlessness and creeping fear, a difficult emotional place to be I assume. This will be car crash awful IMO, laughable and anger inducing as well. I can visualise some of their viewings; "We don`t negotiate on the price....ever."...."Bye".... I am guessing many EA`s don`t throw up much these days, they are too hungry :lol:

Well looking at the drop in volume of sales this year around my neck of the woods( lower than 08/09/10) they will be negotiating hard next year or eating jam whilst claiming JSA

Check out the volumes in your area with the MAP function (top middle of the page) on Evictes (from on here) site https://houseprices.io/

Edited by long time lurking

Share this post


Link to post
Share on other sites

Tonight's Dispatches investigates the consequences of rapid house price rises, for buyers and sellers, and asks how 2014's property boom will change the face of our towns and cities.

Am hoping that they highlight the destruction high housing costs are having on the country's economy.

Thanks mods for merging this.

Edited by Blod

Share this post


Link to post
Share on other sites

I predict the conclusion of the programme will be "high house prices are bad but they're at a permanently high plateau so get used to it plebs".

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

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   202 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.