James Posted August 22, 2004 Share Posted August 22, 2004 I looked at the news over the past couple of days and was dismayed to see more articles with headlines like "House Prices Sky Rocket". After recent figures showing sharp falls I thought to myself here we go another false start ( I want a crash to come) But this time these boom articles seem to be different. They all seem based around what house prices have done over the last 5 years and most of them around University towns. I mean, don't we all know that house prices have risen dramatically in recent years?!?!?! Do we need telling again??? Seems to me that this along with the usual articles saying that it will slow down and not crash is merely a load of propaganda to try and stop widespread panic or even acceptance that falls are happening. Funny that the article today is from Wales which according to Rightmove saw the biggest falls. What do you all think?? Quote Link to comment Share on other sites More sharing options...
End in Sight Posted August 22, 2004 Share Posted August 22, 2004 Seems to me that as the crash develops momentum we will through a series of stages of denial... 1 Summer lull 2 Healthy slowdown (we are now at this stage in London) 3 Normal correction 4 Recent price falls have temporarily put buyers off 5 Irresponsible media reports are delaying natural market recovery 6 Meltdown... 7 CRASH 8 Finally the "London Property News" reports that "prices have cooled slightly but are now recovering strongly"! I'm sure I've missed a few. As to these conflicting news reports, at the moment the prevailing wisdom and vested interests are all against a crash so the press machine will continue to pump out optimistic stories for a while yet. If prices really are rising in these areas its the last few BTL maniacs blowing their hard earned. Quote Link to comment Share on other sites More sharing options...
Time to raise the rents. Posted August 22, 2004 Share Posted August 22, 2004 The best article's are the one's that mention a rate peak. Did anyone notice the quote regarding gilt yields moving? Quote Link to comment Share on other sites More sharing options...
Chewy the bear Posted August 23, 2004 Share Posted August 23, 2004 "End in Sight".....these are the stages you missed..... 1 Summer lull 2 Kirsty says, "house prices won't crash!" 3 Healthy slowdown (we are now at this stage in London) 4 Kirsty says, "house prices won't crash!" 5 Normal correction 6 Kirsty says, "house prices won't crash!" 7 Recent price falls have temporarily put buyers off 8 Kirsty says, "house prices won't crash!" 9 Irresponsible media reports are delaying natural market recovery 10 Kirsty says, "House prices WILL NOT CRASH!!!!!!" 11 Meltdown... 12 Kirsty says, "Nope....not gonna crash....they're not...I'm SURE!!!!!!" 13 CRASH 14 Finally the "London Property News" reports that "prices have cooled slightly but are now recovering strongly"! Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted August 23, 2004 Share Posted August 23, 2004 James - see my post 'Wales' in the forum on local house prices re that article you mention. I laughed myself silly when I read it as it just does not make sense. Demi Moore is currently filming in Wales and said she plans to take some time off on the Gower - I am waiting for the first 'Demi buys house in Swansea causing prices to rise' article and some local shark claiming to be looking for a house for her. Quote Link to comment Share on other sites More sharing options...
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