City Am - House Prices Falling..

[norseraider]

Happy days -- actually price falls!

http://www.cityam.com/210589/uk-house-prices-another-sign-property-market-cooling-property-prices-fall

[norseraider]

Top of the business section on the BBC as well:

http://www.bbc.co.uk/news/business-31690194

What are you going to spend your £482 on?

[Bankside]

Rob Weaver, director of investments at the property crowdfunding platform Property Partner, said: "The market is taking a breather and is certainly not on the brink of a longer term decline."

[wonderpup]

Rob Weaver, director of investments at the property crowdfunding platform Property Partner, said: "The market is taking a breather and is certainly not on the brink of a longer term decline."

I love this anthropomorphic crap- a Breather?

But ok, lets go with it- if the market needs a little rest on the way up this must imply it's getting tired, right? So that means it must be running out of steam- which means it may well be on the verge of a long term decline.

So even by the logic of his own bullshite analogy he's wrong.

[TheCountOfNowhere]

Rob Weaver, director of investments at the property crowdfunding platform Property Partner, said: "The market is taking a breather and is certainly not on the brink of a longer term decline."

If he had said "London prices are collapsing".

His business is gone in an instant, rather than over the next 18 months

IN fact, when you see someone speaking out to say, "DONT PANIC" then its best to panic.

This is what happens when you tell the punters the truth:

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

"Although widely regarded as "tacky",^[3] the shops and their wares were nevertheless extremely popular with the public, until Ratner made a speech at the Institute of Directors on 23 April 1991.^[4] During the speech, he commented:

“

We also do cut-glass sherry decanters complete with six glasses on a silver-plated tray that your butler can serve you drinks on, all for £4.95. People say, "How can you sell this for such a low price?", I say, "because it's total crap."^[5]"

" After the speech, the value of the Ratner group plummeted by around £500 million"

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

"the British Government moved to reassure investors with the bank, with account holders urged not to worry about the bank going bust. The Treasury select committee chairman John McFall MP said: "I don't think customers of Northern Rock should be worried about their current accounts or mortgages.^"

^{So when you read stuff like this, it's best to not take it at face value and do some research.}

Edited March 2, 2015 by TheCountOfNowhere

[TheCountOfNowhere]

I love this anthropomorphic crap- a Breather?

But ok, lets go with it- if the market needs a little rest on the way up this must imply it's getting tired, right? So that means it must be running out of steam- which means it may well be on the verge of a long term decline.

So even by the logic of his own bullshite analogy he's wrong.

Are they resting while they get the government to seek out new schemes to prop up their business and find immigrants willing to join in a pyrmiad housing scheme ?

[Bloo Loo]

Are they resting while they get the government to seek out new schemes to prop up their business and find immigrants willing to join in a pyrmiad housing scheme ?

yes

UPDATE 1pm

Mr Cameron announced today, if voted back into power in May, a Conservative Government will build 200,000 cut-price starter homes for first-time buyers by 2020.

That is twice the number currently planned.

They will only be available to first-time buyers under the age of 40 and a cap will be put on their price of £250,000 outside London or £450,000 in London.

Developers will be able to build them for 20 per cent less than the usual price because they will not have to pay so-called Section 106 money on them.

This money is used by councils to pay for services and to go towards new schools and doctors' surgeries.

http://www.gazette-news.co.uk/news/11827363.LIVE_UPDATES__Prime_Minister_David_Cameron_visits_Colchester/

[long time lurking]

yes

UPDATE 1pm

Mr Cameron announced today, if voted back into power in May, a Conservative Government will build 200,000 cut-price starter homes for first-time buyers by 2020.

That is twice the number currently planned.

They will only be available to first-time buyers under the age of 40 and a cap will be put on their price of £250,000 outside London or £450,000 in London.

Developers will be able to build them for 20 per cent less than the usual price because they will not have to pay so-called Section 106 money on them.

This money is used by councils to pay for services and to go towards new schools and doctors' surgeries.

http://www.gazette-news.co.uk/news/11827363.LIVE_UPDATES__Prime_Minister_David_Cameron_visits_Colchester/

His housing minister needs to start singing from the same hymn sheet

Quote

dd message | Report | Message poster

BrandonLewisMP Mon 02-Mar-15 13:59:17

The pledge by Labour to build 200,000 by 2020 seems to miss the fact that our current plans and the starter homes scheme annoucned today mean that a Conservative govt will be building 200,000 per year by 2017/18. Councils already have teh power Emma refers to above, under the localism act and via local plans and neighbourhood plans can go even further in giving local people a real say in planning.