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The Masked Tulip

Housing Market Will Crash According To National Homebuyers

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The UK housing market is set to collapse like a "pack of cards", potentially leading to more people seeking a fast property sale.

[uKPRwire, Mon Mar 03 2008] The Times has reported that a leading analyst has told clients that it is "payback time" for a market which he accuses of over speculating for years.

Homeowners are likely to seek a fast property sale following the comments, which will send shockwaves through the industry.

Until now, most analysts have been restrained in their comments about the failing housing market but Alistair Stewart from Dresdner Kleinwort Wasserstein has blown the lid on where he thinks the market is heading.

"We believe it is payback time for years of speculation and sharp practice," he said.

"Overbuilding, overlending and more than a whiff of fraud have in our view led to 'mini-Floridas' in cities from Leeds to Leicester," he added.

Mr Stewart went on to predict a "full-scale crash" as the market heads towards hitting "a wall".

http://www.ukprwire.com/Detailed/Real_Esta...ers_15969.shtml

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Housing Market Will Crash According To National Homebuyers

Not according to the article in the link...

Quick property sale expert Julian King of property buyers National Homebuyers disagress, "A crash is highly unlikely. The market is simply correcting itself.
Edited by Without_a_Paddle

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We have vested interests now. Excellent.

nope just a crappy press release, trying to panic home owners into selling up to quick property purchase company.

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Quick property sale expert Julian King of property buyers National Homebuyers disagress, "A crash is highly unlikely. The market is simply correcting itself

yer a 50% correction.

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"Properties have been overvalued for sometime, but this is levelling out and when buyers are back in the market, it will be business as usual. However, it doesn't solve the issue that many homeowner are in financial difficulty and will still require a quick sale of their property."

Anyone else think that this is a case of cognitive dissonance?

Levelling out + buyers back on the market = ok

therefore:

House price inflation up/stable

Now we have a problem, Julian King has contradictory thoughts:

homeowner are in financial difficulty

+

quick sale of their property = more ditressed sales and more property on market

therefore:

House price inflation = likely to fall

So come on Julian you cant possible think that HPI will rise AND fall at the same time..yeah but no but yeah but no but :lol:

Mr King is a diretor of National Homebuyers, the UK's leading quick property sale company. The company is also a leading provider of mortgage rescue schemes like Sell and Rent Back where the homeowner can sell their property, but remain living in their home as a tenant.

Its not hard to explain when Julian is a "diretor" of a vested interest company who is not only the "drug dealer (debt through over inflated property prices)" but also the rehab provider ( mortgage rescue)...you couldnt make this up.

Edited by JustAnotherProle

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nope just a crappy press release, trying to panic home owners into selling up to quick property purchase company.

Look again. National Homebuyers are DENYING it is a crash.

It is Alistair Stewart, the analyst at Dresdner Kleinwort Wasserstein, who is gorging on bear food.

Not a VI as far as I can see.

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Look again. National Homebuyers are DENYING it is a crash.

It is Alistair Stewart, the analyst at Dresdner Kleinwort Wasserstein, who is gorging on bear food.

Not a VI as far as I can see.

Well spotted Selling Up. ;)

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Look again. National Homebuyers are DENYING it is a crash.

It is Alistair Stewart, the analyst at Dresdner Kleinwort Wasserstein, who is gorging on bear food.

Not a VI as far as I can see.

I would say a Director (or rather diretor as it says in the press release) of a firm that buys up properties from distressed sellers was a VI

Housing market will crash according to National Homebuyers
The UK housing market is set to collapse like a "pack of cards", potentially leading to more people seeking a fast property sale.

This is there press release, written by National Homebuyers

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I don't understand. If prices are falling, how the hell will this help National Homebuyers? The properties they own will be sod all use to them if they're shedding value.

Because they want the sellers to think the market will crash, but they do not believe it will themselves. National Homebuyers / A-quick-sale or whatever they're called these days are a bunch of ex-singingpiggers who did a very effective job of building these distressed sales businesses. The whole skill-set revolves around convincing people the market will tank. BUT, if they really believed that themselves, they would'nt be buying. They're property investors looking for the holy grail (to them) of BMV properties

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I would say a Director (or rather diretor as it says in the press release) of a firm that buys up properties from distressed sellers was a VI

Agreed, but if you read the piece you will see that the bearish prognostications in the press release are not coming from Mr King, but from Alistair Stewart, analyst at Dresdner Kleinwort Wasserstein. Who isn't a VI as far as we know.

The headline is misleading: The most Mr King has done is to publicise Stewart's bearish comments.

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  • 298 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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