Jump to content
House Price Crash Forum
Sign in to follow this  
Guest The_Oldie

House Prices Are At An Unsustainable Level

Recommended Posts

Guest The_Oldie

From Bloomberg TV interview with Patrick Evershed of New Star Asset Management.....

Interviewer:-

"Didn't Gordon Brown claim to have eliminated boom to bust, but has he just replaced one with the other"?

Evershed:-

"Well, I think he claims that he's stopped boom and bust, but I think he's probably creating the greatest possibility of a real big bust because the savings ratio is very low in the UK, we've got record levels of personal borrowing and record levels of people going insolvent and house prices are at an unsustainable level"

Share this post


Link to post
Share on other sites
From Bloomberg TV interview with Patrick Evershed of New Star Asset Management.....

Patrick Evershed must be one of the oldest fund managers around , must be nearly 70 he used to run Rathbones special situations fund for years which generated amazing returns , nice to see though he too has spotted the obvious in that the market is unsustainable .

Funny thing is New Star run a property fund as well , wonder what that fund manager thinking :blink:

Edited by grey shark

Share this post


Link to post
Share on other sites
Guest The_Oldie
Patrick Evershed must be one of the oldest fund managers around , must be nearly 70 he used to run Rathbones special situations fund for years which generated amazing returns , nice to see though he too has spotted the obvious in that the market is unsustainable .

Funny thing is New Star run a property fund as well , wonder what that fund manager thinking :blink:

Good CV.

http://www.h-l.co.uk/fund_research/securit...edol/3161379.hl

Patrick Evershed joined New Star in 2002 and has 40 years' experience in managing money. He has a long-standing reputation as one of the UK's leading stockpickers. Patrick holds a degree in Economics and Political Science from Trinity College, Dublin.

Share this post


Link to post
Share on other sites

Hargreaves Lansdowne i've used them for years , excellent brokers imo , Eversheds New Star fund only has 128 million in it which is good , makes it flexible and nimble to get in and out of " oppurtunities" , whilst the New Star property fund has over 2 billion in it , far too much , and is currently invested in a slow declining illiquid market :o

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

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

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


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



×
×
  • Create New...

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.