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After a lengthy delay the hometrack report is finally on their site:

http://www.hometrack.co.uk/index.cfm?fusea...sitem&newsid=98

Mr Wrigleswoth is full of his usual bull:

"We expect prices to resume their long-term inevitable upward movement

before the end of the year, fully compensating for the recent falls.......

A more stable interest rate outlook, ongoing low unemployment, and rising household incomes will

all help support rising house prices by the end of this year. Commentators, forecasting a housing

market crash will soon have to again revise their forecasts, as the reality of a healthy housing

market will undoubtedly increase the amount of egg that they already have on their faces.â€

That guy is such a tosser. Even using his own figures, his statements look out of place. For example the demand index is still showing a fairly hefty negative trend

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After a lengthy delay the hometrack report is finally on their site:

http://www.hometrack.co.uk/index.cfm?fusea...sitem&newsid=98

Mr Wrigleswoth is full of his usual bull:

"We expect prices to resume their long-term inevitable upward movement

before the end of the year, fully compensating for the recent falls.......

A more stable interest rate outlook, ongoing low unemployment, and rising household incomes will

all help support rising house prices by the end of this year. Commentators, forecasting a housing

market crash will soon have to again revise their forecasts, as the reality of a healthy housing

market will undoubtedly increase the amount of egg that they already have on their faces.â€

That guy is such a tosser. Even using his own figures, his statements look out of place. For example the demand index is still showing a fairly hefty negative trend

"Regarding cities 30 out of 54 remained stable or reported price rises"

Which means 25 (or 44%) of listed cities reported price falls between 0 and -2.3%. Yep, definately looks like a recovery to me.

Strange how he doesn't mention exactly how many cities reported rises (only 7).

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Well spotted Booboo,,

another anomoly on the london report

"we expect prices to continue to fall over the coming months,.....but London market to recover fully by the year end..

Further on Hometrack greater london home price inflation -5%.

so prices will continue to fall then miraculously the london market will recover by year end but greater london to be -5% for the year..

Is this a play on words ,, does recover fully by year end mean that december will not show a decline or the year to december will not show a decline.

I am beginning to think the english language is being stretched further and further by these VIs

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Let us all accept that Mr W is just performing his job - he works for a Building Society. He is a vested interested. I am a bear, but realise and accept that it would be stupid for him to do otherwise, unless he had some other job lined up or he was planning to retire.

There have been numerous posts on HPC detailing newspaper articles and building society forcasts calling the bottom of the market during '89-'94 that proved totally eroneous. Why should it be different this time?

There will be a crash, but it will take years to work out. Remember basic ecomonic theory and the elasticity of price? Everyone knows that property prices are more elastic going up than they are going down.

Small rises here and there over the next 3-5 years or so will be hailed as a recovery in the market but the overall trend will be downwards. Just let Mr W do his job and relax. It will take years before we reach the bottom but it WILL happen.

VOR

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Let us all accept that Mr W is just performing his job - he works for a Building Society. He is a vested interested.

He is deifintely a VI however, to set the record straight:

He used to be at the B&B until about 5 years ago (b4 that at UBS) but now he owns a share of Hometrack which sells the survey service to EAs. So, he has to, somehow(!), appease them BUT OF COURSE HE CAN NO LONGER SUCCEED.

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VOR & ianbe - wise words.

Clearly, he is a vested interest but that doesn't necessarily mean he has to talk complete and utter nonsense everytime he opens his mouth. He should take a leaf out of Miles Shipside's tone of late, although representing another VI recently he has sounded quite sensibly and rather bearish of late, quite a contrast to the 'Chemical Ali' sounds of Mr Wriglesworth.

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Let us all accept that Mr W is just performing his job - he works for a Building Society. He is a vested interested. I am a bear, but realise and accept that it would be stupid for him to do otherwise, unless he had some other job lined up or he was planning to retire.

VOR

Not doing his job very well afraid. If he was any good he would not predict at the moment. He would be better off blethering on about stability, a cooling period and more buildings on the way, bla bla vague, bla bla fudge, etc. IMO of course.

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Guest Working Class Lad
After a lengthy delay the hometrack report is finally on their site:

http://www.hometrack.co.uk/index.cfm?fusea...sitem&newsid=98

Mr Wrigleswoth is full of his usual bull:

"We expect prices to resume their long-term inevitable upward movement

before the end of the year, fully compensating for the recent falls.......

A more stable interest rate outlook, ongoing low unemployment, and rising household incomes will

all help support rising house prices by the end of this year. Commentators, forecasting a housing

market crash will soon have to again revise their forecasts, as the reality of a healthy housing

market will undoubtedly increase the amount of egg that they already have on their faces.â€

That guy is such a tosser. Even using his own figures, his statements look out of place. For example the demand index is still showing a fairly hefty negative trend

By any chance is Mr W a member of New Labour ????

More spin.

I emailed Mr W to spin on his load of ********.

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VOR & ianbe - wise words.

Clearly, he is a vested interest but that doesn't necessarily mean he has to talk complete and utter nonsense everytime he opens his mouth. He should take a leaf out of Miles Shipside's tone of late, although representing another VI recently he has sounded quite sensibly and rather bearish of late, quite a contrast to the 'Chemical Ali' sounds of Mr Wriglesworth.

I think you mean 'Comical Ali'

Comical Ali was the PR guy we saw on TV a lot (subsequently, the Americans let him off)

Chemical Ali didn't do much PR work - he was too busy killing large numbers of Iraqi's

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I think you mean 'Comical Ali'

Comical Ali was the PR guy we saw on TV a lot (subsequently, the Americans let him off)

Chemical Ali didn't do much PR work - he was too busy killing large numbers of Iraqi's

LMAO oops - well spotted 88crash. :rolleyes:

FAO Mr Wriglesworth's Solicitors - comparisons between Mr Wriglesworth and Chemical Ali were wholly unintentional and no offence was intended. He talks bull but I'm sure he doesn't go around launching chemical attacks on FTB's or STR's.

Apologies.

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  • 442 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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