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GAL BEAR

Yesterdays' 'london Tonight' Presenters Both

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Did any of you see LONDON TONIGHT yesterday?

I was pleasantly surprised at the way the two presenters (Alistair Stewart and the girl - not sure of her

name) turned on Kirsty re: High House Prices.

They had wheeled her on to discuss somthing to do with property (something about people from abroad renting over here).

Anyway at the end of that conversation after they had asked for her comments (as the all-seeing property expert that she is !) the young woman presenter suddenly turned 'bearish'.

Conversation went something like this: I'll call the Lady presenter LP as I don't know her name.

LP : It says here the average house price in London has now topped £200,000.

this is rediculous its' frightening. Kirsty you would have to earn £90 grand a year to be

able to buy a home at 3.5 times your salary.

KIRSTY: (Going slightly pink) Yes, Yes, I know.

ALISTAIR: The problem is people are not sticking to 3.5 their salary are they ?

The are borrowing way more than that, some times 6, 7 8 times their salary!

KIRSTY: (Going even pinker and looking very flustered) YES, YES, I know.

ALISTAIR; borrowing 7 times your salary is all very well, but what is going to happen when

interest rates go up WHICH THEY UNDOUBTEDLY WILL.

I am afraid that those people who did that will be SCREWED!

KIRSTY: Well yes, they will.

With this Kirsty went bright red and looked extremely flustered.

There was then a bit of an embarrassed moment as the lady presenter pointed out to Alistair that he should not have used the word 'screwed' on a Tea time programme.

She has never had these two presenters act like this with her before, normally they fawn all over her.

I was quite shocked at their 'angry' tone with the whole situation. Kirsty obviously had never expected

this from them.

I am pretty sure the reason she looked embarrassed is that she has been 'ramping' the property market for all these years and in a round about way these 2 presenters were 'calling' her on it, although I don't think they actually meant it like that.

Also I recall when Kirsty was asked to comment on THIS website a couple of years ago on LONDON TONIGHT

she said 'INTEREST RATES WILL NOT RISE' to the kind of levels to cause anyone problems.

On her programme LLL she has encouraged people to buy at the top of the market "Renting is dead money etc. etc." These are the very people Alistair was pointing out would be 'screwed'.

She really did look very embarrassed ! It was excellent !!! :lol:

Edited by GAL BEAR

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lol - did she get all huffy? :lol:

She probably knows the writing is on the wall.

She'll try and bluff it out , all the while getting ready for a quick escape from town before she gets caught by the mob with the hot tar and feathers.

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Are we succeeding? Is the media starting to see what the VI's are doing? Have they realised that they are being used to ramp up property prices to line the pockets of the mortgage industry and estate agents?

I don't know, just from reading this site it seems that journalists seem to be more willing to take a critical look at the spin and ask whether HPI is such a good thing after all. There's a long way to go (BBC especially) but its a start.

Is the message getting through? :unsure::unsure::unsure:

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Are we succeeding? Is the media starting to see what the VI's are doing? Have they realised that they are being used to ramp up property prices to line the pockets of the mortgage industry and estate agents?

I don't know, just from reading this site it seems that journalists seem to be more willing to take a critical look at the spin and ask whether HPI is such a good thing after all. There's a long way to go (BBC especially) but its a start.

Is the message getting through? :unsure::unsure::unsure:

My guess is that it is becoming increasingly obvious that the economic cycle has turned and the media don't want to be seen to be reporting BS. Does the BBC really want to be another "Baghdad Bob" reporting Rightmove's "asking prices" as news when the government's figures point to a slowdown in the market? Credibility gap is widening for the BBC and they need to start doing some investigations for themselves and not just repeat what the VIs feed them.

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I'd love to have seen that.

I have been getting the feeling that cracks are starting to appear and the message is getting out there and we are on the verge of something. I still feel something needs to happen to push it over the edge though.

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I'd love to have seen that.

I have been getting the feeling that cracks are starting to appear and the message is getting out there and we are on the verge of something. I still feel something needs to happen to push it over the edge though.

If the BBC reported today's government figures on the slowdown in transactions (see today's threads on subject) it would be a start. Will the BBC touch the story? Not likely as Gordon will see it as disloyalty.

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Again Gordon has refused to resign.

After all he did promise not to let House Price Spiral out of control..

Should we all E-mail Blair and demand he fire Gordon for this..

Who else would keep their jobs after such a slip up?

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I briefly caught a news item last night about London property prices - think it was the BBC. Don't think it was same as this one.

It was usual story about unaffordable flats and they spoke to a girl who was trying to get a flat on an IO mortgage. When they asked her how she felt about this she said,"umm... err... well it's the only way to get on". She basically had no idea what she was letting herself in for, and they were filming in an EA office so you could see the agents in the background desperately suppressing a guilty smirk. Hope someone set the poor girl straight after filming.

More shockingly, there was a financial advisor who said something like: "Re-payment mortgages used to be the most common type after the scandal of endowment types, BUT NOW we find IO mortgages are our most popular product".

Reading between the lines: does this mean that the advisors who previous sold endowments are now selling IO mortgages because they are less exposed to future mis-selling claims. i.e. they are not selling the investment vehicle itself, just the loan; leaving the investment choice to the punter.

PS: the financial advisor also said that IO mortgages were like 'renting from the bank' - Oh yeah, so who fixes the dodgy boiler or the leaky tap? What a scumbag.

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Did any of you see LONDON TONIGHT yesterday?

I was pleasantly surprised at the way the two presenters (Alistair Stewart and the girl - not sure of her

name) turned on Kirsty re: High House Prices.

They had wheeled her on to discuss somthing to do with property (something about people from abroad renting over here).

Anyway at the end of that conversation after they had asked for her comments (as the all-seeing property expert that she is !) the young woman presenter suddenly turned 'bearish'.

Conversation went something like this: I'll call the Lady presenter LP as I don't know her name.

LP : It says here the average house price in London has now topped £200,000.

this is rediculous its' frightening. Kirsty you would have to earn £90 grand a year to be

able to buy a home at 3.5 times your salary.

KIRSTY: (Going slightly pink) Yes, Yes, I know.

ALISTAIR: The problem is people are not sticking to 3.5 their salary are they ?

The are borrowing way more than that, some times 6, 7 8 times their salary!

KIRSTY: (Going even pinker and looking very flustered) YES, YES, I know.

ALISTAIR; borrowing 7 times your salary is all very well, but what is going to happen when

interest rates go up WHICH THEY UNDOUBTEDLY WILL.

I am afraid that those people who did that will be SCREWED!

KIRSTY: Well yes, they will.

With this Kirsty went bright red and looked extremely flustered.

There was then a bit of an embarrassed moment as the lady presenter pointed out to Alistair that he should not have used the word 'screwed' on a Tea time programme.

She has never had these two presenters act like this with her before, normally they fawn all over her.

I was quite shocked at their 'angry' tone with the whole situation. Kirsty obviously had never expected

this from them.

I am pretty sure the reason she looked embarrassed is that she has been 'ramping' the property market for all these years and in a round about way these 2 presenters were 'calling' her on it, although I don't think they actually meant it like that.

Also I recall when Kirsty was asked to comment on THIS website a couple of years ago on LONDON TONIGHT

she said 'INTEREST RATES WILL NOT RISE' to the kind of levels to cause anyone problems.

On her programme LLL she has encouraged people to buy at the top of the market "Renting is dead money etc. etc." These are the very people Alistair was pointing out would be 'screwed'.

She really did look very embarrassed ! It was excellent !!! :lol:

To be fair, interest rates have not risen (they have been cut) and do not look like they will much in the next couple of years, so she was right, however hard that is to take.

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I'm surprised Kirsty didn't trot out something about lower interest rates and debt servicing costs. Even taking into account that it's a flawed argument and she's a bit slow, she must know that one by heart by now.

Why didn't she defend high house prices?

1. Has she become a bear?

2. Has she realised that without family help she wouldn't have been able to afford her flat on her salary alone, or that without a rich boyfriend she wouldn't have any hope of trading up to a house now that she's expecting?

3. Or did she just forget about the interest rates argument (preganancy making her forgetful?)

Edited by geranium

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Maybe she's seen the way the wind is blowing with property shows? Laughing at people losing their shirt a la "How To Be a Property Developer" is the new property porn...maybe Krusty's thinking long term about her TV career.

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They are just about to discuss HIP's on C4 12 pm News. Most likely repeated at 7pm. Chances are Miss Arsdrop might make an appearance

:lol: Miss 'Arsedrop ' Excellent ! I love it !

Poor Kirsty looked like a beached whale on the sofa (pregnant and eating for Britain by the look of her!)

I wonder if when her babys' born it will have 3 '6's' on its head ?! :lol:

I'm surprised Kirsty didn't trot out something about lower interest rates and debt servicing costs. Even taking into account that it's a flawed argument and she's a bit slow, she must know that one by heart by now.

Why didn't she defend high house prices?

1. Has she become a bear?

2. Has she realised that without family help she wouldn't have been able to afford her flat on her salary alone, or that without a rich boyfriend she wouldn't have any hope of trading up to a house now that she's expecting?

3. Or did she just forget about the interest rates argument (preganancy making her forgetful?)

I think the reason she did not come out with the usual VI Mantra was that these two presenters she perceived as her 'friends' and so did not want to 'argue' with them on National TV, it took her by surprise.

If someone from this 'website' had been on there I am sure you would have argued her case.

I think these two ITV presenters attitude to her was brilliant and may actually make her think I bit in future, time will tell I suppose.

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If you enjoyed the exchange in last nights programme send your comments to London Tonight here:

viewer_liaisonC3@itn.co.uk taken from here: http://www.itn.co.uk/contact/

I wish they would stop referring to that woman as a Property Expert. She is a Property Agent. Her partner and father of her child, is a Property Tycoon. Her views may be biased!

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Guest Winners and Losers

She has never had these two presenters act like this with her before, normally they fawn all over her.

I was quite shocked at their 'angry' tone with the whole situation. Kirsty obviously had never expected

this from them.

I am pretty sure the reason she looked embarrassed is that she has been 'ramping' the property market for all these years and in a round about way these 2 presenters were 'calling' her on it, although I don't think they actually meant it like that.

Also I recall when Kirsty was asked to comment on THIS website a couple of years ago on LONDON TONIGHT

she said 'INTEREST RATES WILL NOT RISE' to the kind of levels to cause anyone problems.

Just had a meeting at work with 2 Londoner's - as usual I worked the subject around to the impending 'recession' (these are recruitment people) and over valued house prices. To my utter shock they actually AGREED with me. Could the denial phase be over?? Are we moving into acceptance?? One of them was an FTB who said the only way she could ever even have a chance was by doing a part buy/part rent. She also said she has a friend who has borrowed 6 x her salary and was only able to do this because she had a lodger (oh, dear). The guy (early-mid 30's?) said, great, bring it on. This is the first time I have ever had this type of reaction!

Could sentiment be on the turn????

Is Krusty a witch?

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  • 339 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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