Jump to content
House Price Crash Forum

Bbc Property Porn On Now (10am)


Recommended Posts

Yes some errors in what he said. He claimed the last crash was due to interest rates going to 15% during the black wednesday crisis and that we were now safe as our rates were linked with Europe. Well how come there was a crash in France at the same time as the UK crash? Most French people were buying on 10 year fixed at the time (they now buy on 18 to 30 year fixed due to the property bubble). Also an short term interest rate hike would take some time to filter through to mortgages.

Property was well into the crash by Black Wednesday (Sept 16th 1992) and remember rates were at 15% for a few hours before returning to 12%. Also during the late 80s boom all the property punters fail to tell you that the lowest interest rate during boom was at 7.5% to 8%(they were the lowest rates in the 80s). (Read below they had dropped to 7% in two months)

On September 16 1992 the British government announced a rise in the base interest rate from an already high 10% to 12% in order to tempt speculators to buy pounds. Despite this and a promise later the same day to raise base rates again to 15%, dealers kept selling pounds, convinced that the government would not stick with its promise. By 19:00 that evening, Norman Lamont, then Chancellor, announced Britain would leave the ERM and rates would remain at the new level of 12%.

By 13th Nov 1992 interest rates were at 7% and a year later at 5.5% (the lowest in decades) and property fell further. Imagine that would be like having interest rates at 2.5% now in relation to our low interest rates.

The government tried the interest rate ace in the pack and it didn't work. Once the tanker had turned, it was hard to turn aroundand people were worried about job security etc and didn't want to commit themselves sound familair. I remember the late 80s well "You can''t loose on property" :lol::lol::lol::lol:

Edited by joey
Link to post
Share on other sites
  • Replies 126
  • Created
  • Last Reply

Top Posters In This Topic

I hadn't seen this programme for at least a week, and had wondered if it might have improved/sorted out the teething issues...

How foolish of me to be so naive! This was the worst of the lot! Paul Torrisi's suggestion that abroad is so much safer is a complete crock of stimpy, and his buying abroad housing advice was equally as useful:

Basically, if you want to make a quick buck, then you should look at the emerging markets of Turkey ("Bodrum has HPI of 25% last yr - higher than London!") and Morocco, but if you want stability, steady growth, and the ability to rent it out April to September, you should look at somewhere reliable like Spain...

Now, I'm no expert on any of this, but from what I've seen/read, I understand that Spain really isn't somewhere that you should be considering as reliable and steady with regards to house prices and holiday rentals, as the market is saturated...

Tosseery talks out of his behind, the sooner this programme ends the better!

On another note, I saw BBC breakfast TV (I can't bring myself to call it "news" anymore) they were reporting about the impendng strikes at the BBC, and the cutbacks - they said there would be less money in the pot for documentaries (and childrens programming, amongst other things including News, I think), and that there would be more repeats on... Truly a dire situation - The thought of the recorded parts of Homes Live being repackaged into repeats wouldn't surprise me the way the BBC is going/has gone :(

Link to post
Share on other sites

Homes Live paper round-up (have sick bag handy).

<BEGINS>

Allwright : "UK housing market is set for a crash. The IMF say that UK housing is overvalued by 40%. Surely if somebody is willing to pay that much for it, that's waht it's worth? That's supply and demand."

Turner : "After 10 years of boom I still take these stories with a pinch of salt." < :blink: >

<quickly moving on>

Turner : "We did say that Edinburgh, one of the most expensive places to buy a house, but, <holds paper up so that "CAPITAL GAINS" headline is fullscreen> it's aslo one of the nicest paces to live. Officially th ebest place to live in the UK."

Allwright : "Rich people make better neighbours than poor...."

Turner : "These people are rich, and they probabbly also make good neighbours as well .... big property in Bucks, 32 bedroom stately home ..."

<END>

Link to post
Share on other sites
Guest portwinestain
Homes Live paper round-up (have sick bag handy).

<BEGINS>

Allwright : "UK housing market is set for a crash. The IMF say that UK housing is overvalued by 40%. Surely if somebody is willing to pay that much for it, that's waht it's worth? That's supply and demand."

Turner : "After 10 years of boom I still take these stories with a pinch of salt." < :blink: >

<quickly moving on>

Turner : "We did say that Edinburgh, one of the most expensive places to buy a house, but, <holds paper up so that "CAPITAL GAINS" headline is fullscreen> it's aslo one of the nicest paces to live. Officially th ebest place to live in the UK."

Allwright : "Rich people make better neighbours than poor...."

Turner : "These people are rich, and they probabbly also make good neighbours as well .... big property in Bucks, 32 bedroom stately home ..."

<END>

my god, it's laughable really

Link to post
Share on other sites

The bit about rich people being better neighbours was something about how they can afford to build bigger walls and fences, while I admit I have the attention span and memory of a goldfish, I really didn't understand what it was supposed to have had relevance to in the papers... Or why being able to build a big wall to shut yourself away makes you a good neighbour. :blink:

Matt and Bev don't seem to grasp the fact that the whole House Price thing cuts both ways. At some point they're going to have to get their heads around the fact that if someone thinks it's only worth two thirds of the asking price, and thats the only offer on the table over the past year, then that's probably what it's worth...

Matt mentioned how they'd be talking about possible impending crashes in a future programme, and how that it's not all bad news for everyone, for example FTBs, maybe the programme is having to take stock of what they're reporting from the newspapers (the Scottish Papers seem to be quite bearish) each day, and how they can match it up to some of the cr@p they spout on a regular basis

Anyway, you neglected to mention Bev commenting on someone's particularly beautiful back passage....!

Link to post
Share on other sites
I have booked tomorrow off to go skateboarding and do my expenses.

Bang goes the expenses then! :lol:

But returning to Matt-consumer-champion-Allwright:

Allwright : "UK housing market is set for a crash. The IMF say that UK housing is overvalued by 40%. Surely if somebody is willing to pay that much for it, that's what it's worth, no?"

I wanna see some rogue trader get cornered by Allwright for charging £300 for looking at a boiler. Next I want to see said trader produce a video clip of that Allwright aphorism on his mobile phone, followed up with said trader saying "If they pay me, that's what it's worth. If they think it's unfair, let's go to arbitration. Not a problem! See ya!"

Edited by Sledgehead
Link to post
Share on other sites

Okay, with double witching passing uneventfully, it's time to deal with more important issues ... :P

BUT SERIOUSLY homes live alerted me to a possible sentiment pointer I would otherwise be unaware of. It's the first article in their daily news round-up, which I summarize for you lucky people below:

1 ) The SUN is running a DOUBLE PAGE SPREAD showing how the characters depicted in East Enders could never be able to afford the houses they live in. An example quoted was one guy who earnt £50k max pa, but is depicted living in an £800K house.

Whilst this suggests property is slipping out of reach for many (thus perhaps bullish spin), it will doubtless alert readers to the fact that any discontentment / envy they may experience watching EastEnders (can't believe I'm saying this - surely Footballer's Wives is supposed be be the kind of thing that does that? :blink: ) is completely unfounded. Couple that with the new "awm forty grand in debt n sinkin like a starn" story-line, and a new prudence / lower your expectation theme seems to be emerging at the lower end of the media demographic: about time too.

2 ) Ogling Helicopter pilot damaged my mansion;

3 ) Man built a jumbo jets cockpit in his spare room;

Meanwhile they are talking about buying off-plan. Fergus, resident IFA raises the question of skewed value. I wonder whether people watching this have a clue what that means? Matt touches on horror stories of new-builds selling for less than off-plan purchase. The developer says one should not be gambling but investing for th elong term. Fergus advises people that the definitions of investing and gambling are pretty identical - I continue to warm to Fergus.

.. followed by more porn - quit that app fast!

Edited by Sledgehead
Link to post
Share on other sites
Can you contact this program without spending £££? There's no email address is there?

http://www.bbc.co.uk/homes/tv_and_radio/hl_contact.shtml

There's a link there to send pics or dev stories, but that's it

Meanwhile a developer in Brig-**** has spent £15k rather than his projected £5k. Well done old son : only 200% over budget. Nevertheless, he still stands to make a healthy profit! :lol:

Just time to say in their gadget review Beverly is made to stand on a vibrating platform (supposedly a fat reducing thing called "Flabios"). We pan up and down her legs whilst she breathlessly pants and gasps as if she is having an orgasm. She tells Matt to make the next link as she can no longer talk. References to her losing the use of her legs etc and we are left in no doubt as to what buttons this is supposed to be pushing ( ... worked for me, I'm ashamed to say - I'm only a man - :P ).

Oh, and how do you make yourself more attractive as a buyer of offplan. Fergus looks genuinely baffled by this question. "Well, have the money," he says, screwing up his brow. I guess he could have added ability to fog a mirror ...

Edited by Sledgehead
Link to post
Share on other sites
Guest Skint Academic
Just time to say in their gadget review Beverly is made to stand on a vibrating platform (supposedly a fat reducing thing called "Flabios"). We pan up and down her legs whilst she breathlessly pants and gasps as if she is having an orgasm.

I knew someone who had good fun that way by sitting on an angle-grinder. She really raved about it at the time but I decided not to try it myself.

Link to post
Share on other sites
I knew someone who had good fun that way by sitting on an angle-grinder. She really raved about it at the time but I decided not to try it myself.

:lol:

But c'mon Skint, we all know know what "I knew someone" really means. ;)

Incidentally a friend of mine reported similar effects with an orbital sander. .. Oh yeah baby .... :huh::o:lol::blink:

...

... ahem .... moving on ...

Todays "property news" according to Homes Live:

1 ) Council Tax inspectors to become nosier;

2 ) SNP consider stopping "right to buy" north of the border;

3 ) Billionaire J K Rowling buys her neighbours out;

Link to post
Share on other sites

Okay, so I missed yesterday's "property news" - I note none of you lot stepped in to help me out - but I did catch all the breakin' stories for properdy today - according to Homes Live that is:

1 ) Wildfires destroy Malibu;

2 ) Scot refuses to sell to Donald Trump (who wants to build golf course);

3 ) Rod Stewart finally gets featured in enthusiasts mag for his model railway.

You may well be wondering wtf all this has to do with property, espcially the last. I can reveal that the railway concerned was built in his home. See, obvious when you think about it. I wonder if I could get featured for the draught-excluder of a number-two I gave birth to this morning? After all, I did do it in my home ... then again, maybe it would have been more news-worthy had I extruded it on the road outside ...

Edited by Sledgehead
Link to post
Share on other sites
I wonder if I could get featured for the draught-excluder of a number-two I gave birth to this morning?

:lol: Considering the fact they'll fill this show up with any old sh!t, I expect if you sent in a photo of it, claiming it as an "after" shot of an unsuccessful bathroom makeover, you may get lucky!!

I missed most of it yesterday (and was probably glad of it - I sat watching it today thinking about how doing the washing up would be preferable...), I saw a poor couple being shown around their old house - they seemed pleased that someone had ripped their house to pieces, but you could imagine that at some point it will go the other way, and there'll be floods of tears. Presumably there was something about garages not being used for cars (they had a bit about storage options in the garage - a modular system for about £500.00, which really is pennies when you think about it, I'm sure, and a Christmas decorations organizer for £15.00....I remember now! It was tenuously linked to the bit the day before about parking problems - someone had called in to say if everyone parked in their garages there wouldn't be a problem... except in the streets of old style houses that don't have garages!) - Hence the photos of garages filled with junk today... (again I say! Take that photo and sent it in!) the request for photos of rooms filled with model railways just because Rod Stewart has one is dire, as was the rest of the "news"...

On Monday my local rag had a small article about how a local Sub prime mortgage company were laying off 5 of its 28 staff, due to the credit crunch... I'd rather hear about that kind of stuff than some "modern day William Wallace"! I'm thinking of clipping out bits from the paper and sending it to them, as I'm pretty sure I can find stuff that's more relevant than they pick out.

What got me today was Paul Tosseery commenting on the Manchester guys house. The Manchester bloke said he didn't really care what the EA valuers said about his plans, Paul exclaims "well it them that'll sell it for you!" But actually, for once it really seemed like maybe he didn't care too much, he was happy with the price increase, but he said he hoped he didn't sell it, as he really liked the place, and wanted to live in it! :o It's quite rare to find this attitude in the programme that it kind of stands out when it rears it's head.

Edited to add about yesterdays programme

Edited by waitingandsaving
Link to post
Share on other sites
BBC has a new property porn program on now at 10am and everyday and they are inviting people to phone in with their thoughts on BTL.

Suprising yer all reacting like this to it.

TV programmes have to generate an audience. they usually do this by debate. they also create revenue from phone-ins etc.

It's designed to generate this reaction to generate income. they know what they're doing. Ignore it and save your money. Easy.

Link to post
Share on other sites
Okay, so I missed yesterday's "property news" - I note none of you lot stepped in to help me out - but I did catch all the breakin' stories for properdy today - according to Homes Live that is:

1 ) Wildfires destroy Malibu;

2 ) Scot refuses to sell to Donald Trump (who wants to build golf course);

3 ) Rod Stewart finally gets featured in enthusiasts mag for his model railway.

You may well be wondering wtf all this has to do with property, espcially the last. I can reveal that the railway concerned was built in his home. See, obvious when you think about it. I wonder if I could get featured for the draught-excluder of a number-two I gave birth to this morning? After all, I did do it in my home ... then again, maybe it would have been more news-worthy had I extruded it on the road outside ...

Incidentally, I made my first complaint about this section of the program this morning by telephone, citing the glaring absence of the Times and Telegraph stories (see below). To say the call handler was obstructive is an understatement.

Firstly she asked me why I believed the articles should have appeared in the section. Then she suggested the Rod Stewart story really was a property story. She refused to accept my view that the property market had anything to do with property news. I told her I was making a complaint which she was bound to report as a public servant, and that her opinion was not an issue. That's when it all kicked off. "I'm not your servant!" she huffed. She threatened to hang up. I threatened to report her if she didn't do the job I, as a licence fee payer, had a perfect right to ask her to do. I demanded to know her name. She refused, I told her I'd find it out anyway, and hanging up would only make matters for her worse. I think it was at this point she finally remembered the 3,000 redundancies. Finally I was allowed to make my objection, which she claimed would be passed on to the program makers. Then she apologised for how she had dealt with the issue.

It must be difficult. On one hand there's loyalty to Homes Live and all that support for your property/buy-to-let, and on the other there's the sack.

20071024___Telegraph___front_page2.JPG

post-141-1193235782_thumb.jpg

Edited by Sledgehead
Link to post
Share on other sites

And don't forget you can always leave a message for them on the Homes Live Message Board They really would love to hear what you thought...

Well done for complaining - something like that on the front page of a national paper has got to beat Rod Stewart (although it did look like a full page article...), or the obscure Golf Course story.

If you really want to make sure someone notices, then this is where to start - it goes to the BBC, not whoever they pay to make the programme, and they're obliged to reply to you, so you know what's happened. (I made a complaint about the "Real Hustle" programme - they got back fairly promptly)Homes Live is a shonky show, with utter bias, and is of little relevance to anyone, and if their staff are treating the callers like that, you wonder what/who else they're being obstructive about/to :angry:

Link to post
Share on other sites

This morning ... sigh ... I have to admit I missed their "property news" slot.

However, I did catch their special of the day : "What to do if your property won't sell."

Hang on, the script has taken a turn off message!

Some people are actually* phoning in claiming their properties aren't selling. Can you imagine?

Caller Barbara : "I put my property on the market in April and it actually** sold in two days, but then the people pulled out."

Is it just me of is their something really Kafkesque about that sentence? :blink:

_________________________________________________________________________

* - correct usage

** - bogus usage, symptom of delusion

Edited by Sledgehead
Link to post
Share on other sites

Argggh!! I missed it! They didn't last long though...

Sledgehead - what was their advice on getting a house to sell? Did the thought of reducing the price cross their minds at all? Or was it all displays of different shades of magnolia designer paint for £50 a can?

Looks like it's back to Homes Under the Hammer - lets hope they start putting a new series of that on soon - it sounds like fortunes are changing in the Auction Houses, and it'll be a challenge for the programme to sidestep it for long...

Link to post
Share on other sites
Guest The_Oldie

It seems to have been axed.

Wife just phoned to say she tuned in to find that "The scheduled program has been replaced with a repeat of Homes under the hammer".

Could it be that the news is too bad to put on a positive spin?

Link to post
Share on other sites
It seems to have been axed.

Wife just phoned to say she tuned in to find that "The scheduled program has been replaced with a repeat of Homes under the hammer".

Could it be that the news is too bad to put on a positive spin?

It was only scheduled to last 1 month. Pity I'll miss the fit northern bird who presented it.

Link to post
Share on other sites

I actually didn't notice Homes Live had finished until I opened this thread.

In truth I watched the first 30 minutes with the usual mixture of contempt and disbelief. Having watched quite a number of Homes Live progs I was not surprised to see that property news today was supposedly:

1 ) A twenty something bloke accusing his pregnant wife of having an affair;

2 ) the wife counter accusing him;

3 ) a mutual friend accusing both of them of having affairs simultaneously with his sister.

I'll grant you, my suspicion was piqued a tad when the presenter (not Turner or Allwright, but somebody called Trisha) forced them all to take a lie detector test - could be useful in self-cert - but other than that it all seemed par for the Homes Live course.

Edited by Sledgehead
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...
  • Recently Browsing   0 members

    No registered users viewing this page.

  • 440 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%



×
×
  • 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.