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Ash4781

Iain S Bruce Examines Whether The Market [scottish] Is Set For A Depression

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http://www.sundayherald.com/business/busin...1708292.0.0.php

"It's like one of those Hollywood disaster movies. The plane has run out of fuel, none of the instruments are working, we've just started descending through the clouds and nobody knows what's going to happen next," said Iain Doran, head of the property team at Dundas & Wilson.

"That's the problem we're facing here. The clouds are about to break, and we don't know whether we're going to smoothly glide down for a soft landing on a sunlit plain or veer off course, smash into a mountain and explode."

:rolleyes:

Anyone else subscribe to the 'soft landing' scenario ?

Edited by Ash4781

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I read half waythrough and wanted to batter the author - my tolerance level to numpties is getting lower

I went into an EA's office today and when I got the "Are you alright?", which I believe is Wenglish for "Hello, how may I help you?", I had a rant and asked "When are you going to stop mucking about and selling crappy houses at stupid prices?". I was tired, fed up and fed up with EA ********.

I then went through virtually every house for sale in the office pointing out how crap it was built, or how ugly it was, or how tiny it was, or that the road outside was crammed full of cars, or there were students next door, or that 250K for a tiny 2 bedroom terrace next door to a pub that often doesn't close till 12.30 each night was a laugh, or the 1970's single breeze block construction boxes were just nasty, etc, etc, etc!

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Sustainability is the key. Predictions of plummeting house prices are guaranteed to generate a lot of headlines and even more worried chit-chat at middle-class tables countrywide, but expert observers are at pains to point out that in the domestic housing market, all the indications are that it is business as usual.

Sustainability is the key. No Sh!t. But the key was lost years ago.

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Masked Tulip-

That's pretty funny, walking in off the street to hurl abuses at the RE pix in some realtors' office. I've done much the same at open houses or when being shown properties, but you've taken the concept to a new level IMO.

Perhaps someday when I'm in a particularly surly mood....

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Iain S. Bruce is the technology editor. He doesn't know shit about the economy or economics. He went mental for my novel a while ago because the characters in it create an artificial virtuoso and I had programmed Chopin and other music (created in software) that readers could download so the characters created a character that created music that readers could listen to.

He got me all excited; said that he was going to write about it all over the shop; so innovative, etc. Some cheese in New York was going to make me famous on the back of his writings <_<

But he never did. The technology editor at the Herald is a just guy who they pay a couple of hundred quid now and again to write about ipods. The Herald is the worst of all Scottish newspapers for boosting the housing market and this is a dreadful article. I would have tried to publish something myself but I know for sure they would treat me like a loon. (And it would be a mile over their heads - which is not saying much.)

They're really just a bunch of kids working for a big, fat publishing house. It is astonishing that they even covered it at all. This is the place that uses a single reporter to write a whole housing section that does nothing but rant about how cheap everything is.

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