Media Spin Full Speed Ahead

[VacantPossession]

Well, it was I suppose predictable, but media and VI spin is really getting to the point of outrageous. Both morning programmes on TV brought on a succession of "chief economists" of building societies, "property correspondents", "economic correspondents" and other dramatis personae of the VI school of thought, and every single one of them spun a total yarn.

Favourite was:

"Yes, house prices have fallen but that's good for first time buyers as THEY CAN NOW AFFORD TO BUY"

2nd Favourite B()llshit response was:

"A 2.5 % fall does not represent a crash, but a correction"

Other comments trotted out and presented unchallenged by ANY programme:

"The market has of course been talked down and this is putting buyers off"

"This is the result of the credit crunch making it difficult to buy"

"Houses are still a good investment if you take into consideration the boom of the last few years"

"Now is the time to buy as houses are now at a more attractive price"

ad nauseam.

NOT ONE SINGLE presenter, commentator or VI spin doctor had the decency, honesty or integrity to accept the figures for what they are: an indicator of what is to come in the next year. For any media type watching this site, we are watching you and listening to the unchallenged rubbish you spout and for those editors at the BBC, ITV and Channel 4: When are you going to balance your news with input from NON VESTED INTERESTS, and when are you going to stop broadcasting PR spin as though it was fact?

Please post below any recent spin you've heard on the same theme.

VP

Edited May 29, 2008 by VacantPossession

[Converted Lurker]

Well, it was I suppose predictable, but media and VI spin is really getting to the point of outrageous. Both morning programmes on TV brought on a succession of "chief economists" of building societies, "property correspondents", "economic correspondents" and other dramatis personae of the VI school of thought, and every single one of them spun a total yarn.

Favourite was:

"Yes, house prices have fallen but that's good for first time buyers as THEY CAN NOW AFFORD TO BUY"

2nd Favourite B()llshit response was:

"A 2.5 % fall does not represent a crash, but a correction"

Other comments trotted out and presented unchallenged by ANY programme:

"The market has of course been talked down and this is putting buyers off"

"This is the result of the credit crunch making it difficult to buy"

"Houses are still a good investment if you take into consideration the boom of the last few years"

"Now is the time to buy as houses are much more affordable"

ad nauseam.

NOT ONE SINGLE presenter, commentator or "analysist" had the decency, honesty or integrity to accept the figures for what they are: an indicator of what is to come in the next year. For any media type watching this site, we are watching you and listening to the unchallenged rubbish you spout and for those editors at the BBC, ITV and Channel 4: When are you going to balance your news with input from NON VESTED INTERESTS, and when are you going to stop broadcasting PR spin as though it was fact?

VP

Does it matter? Not working is it? Only issue left is to change their methodology/s and distort the key facts. TBH I'm surprised Gordo hasn't tried to 'fix it' already where's Alistiar Campbell when he's needed eh?

[VacantPossession]

Does it matter? Not working is it? Only issue left is to change their methodology/s and distort the key facts. TBH I'm surprised Gordo hasn't tried to 'fix it' already where's Alistiar Campbell when he's needed eh?

I think it does matter because though the chips are finally down, it would have happened a lot sooner if this PR stuff was balanced with other views. The market is STILL being looked upon as not crashing, when it palpably is.

VP

[Driver]

I'm afraid you have a lot more of this to come. Furthermore you can expect the EA's to start dusting off the "Now is the time to buy" banners for the window displays not to mention the "Buy now before prices start to rise again!" banners.

This is one of the most strongest memories I have from the last crash.

[eric pebble]

THIS IS THE LATEST DEVELOPMENT:

Read this thread [from today] - page 2 - halfway down onwards.... http://www.housepricecrash.co.uk/forum/ind...15&start=15

In order to keep the whole HPI scam going --- the Lenders are now resorting to "above board" 4 x, 5 x + [6+?] x income mortgages - 40-50 year terms................ As I have said on this site a number of times - and warned about -- the VI's will stop at NOTHING to keep the whole HPI scam going -- they will stop at NOTHING...... :angry:

WATCH OUT PEOPLE -- THE VI's AND SPIN MERCHANTS ARE FIGHTING BACK -- IT IS GETTING BLOODY...

[Now or never]

Let them get on with it, their futile spill isn't going to change anything!

It's now become` comical everytime a VI gives their opinions, soon more and more people will see it the same way.

Let them dig that hole as deep as possible and then in 12 months time watch it get back filled with them in it!

[Converted Lurker]

I think it does matter because though the chips are finally down, it would have happened a lot sooner if this PR stuff was balanced with other views. The market is STILL being looked upon as not crashing, when it palpably is.

VP

good points.

[hedgefunded]

THIS IS THE LATEST DEVELOPMENT:

Read this thread [from today] - page 2 - halfway down onwards.... http://www.housepricecrash.co.uk/forum/ind...15&start=15

In order to keep the whole HPI scam going --- the Lenders are now resorting to "above board" 4 x, 5 x + [6+?] x income mortgages - 40-50 year terms................ As I have said on this site a number of times - and warned about -- the VI's will stop at NOTHING to keep the whole HPI scam going -- they will stop at NOTHING...... :angry:

WATCH OUT PEOPLE -- THE VI's AND SPIN MERCHANTS ARE FIGHTING BACK -- IT IS GETTING BLOODY...

You'd have to be several levels of magnitude above standard stupid to take on a 50 year / 6x income mortgage in a falling market. People will probably do it in droves.

[Pindar]

The property porn still spewing out at channel 4 last night with sarah beeny and some muppet couple who'd overspent by a whopping £70K and actually managed to make a loss of £50k. The woman seemed to be living on another planet and thought that spending £10K on a home entertainment system was good value in a ridiculously over-dressed flat above a shop. They used a room with a miniscule window as the "master bedroom" and even spent a fortune on stainless steel and marble in the kitchen. At the end, they said they would move in themselves and "wait until spring" so they could get a better price. I laughed and laughed and laughed. Talk about mutton dressed as lamb.

Edited May 29, 2008 by BarrelShifter

[moonriver]

And on itv news just , todays figures were just glossed over by the commenators and their guest estate agent as being just a "correction". They had a seller in Bath who soon soon sold his home because he had reduced it by 5% ! We even got to see him putting up his sold sign.

And of course they reminded us that this is just one survey, so we can't take much from it !

[juvenal]

And on itv news just , todays figures were just glossed over by the commenators and their guest estate agent as being just a "correction". They had a seller in Bath who soon soon sold his home because he had reduced it by 5% ! We even got to see him putting up his sold sign.

And of course they reminded us that this is just one survey, so we can't take much from it !

Yes - there was spin and rubbish all over the airwaves today, but..

did you see C4 News at 7 tonight? That was about as bearish as you can get. It should have frightened the s**t out of anyone out there thinking there wasn't a full blown slump/crash happening. A lot of daft would-be buyers will be thinking again, and a hell of a lot of EA's will be getting calls tomorrow from near-completion buyers, who now wish to renegotiate - down!

See the relevant threads on here.

[me me me]

The property porn still spewing out at channel 4 last night with sarah beeny and some muppet couple who'd overspent by a whopping £70K and actually managed to make a loss of £50k. The woman seemed to be living on another planet and thought that spending £10K on a home entertainment system was good value in a ridiculously over-dressed flat above a shop. They used a room with a miniscule window as the "master bedroom" and even spent a fortune on stainless steel and marble in the kitchen. At the end, they said they would move in themselves and "wait until spring" so they could get a better price. I laughed and laughed and laughed. Talk about mutton Krusty Allslap dressed as ^Amanda lamb.

I think that that couple will soon be parting ways. Hope she doesn't have life insurance

[Slumpmonkey Returns]

Yes - there was spin and rubbish all over the airwaves today, but..

did you see C4 News at 7 tonight? That was about as bearish as you can get. It should have frightened the s**t out of anyone out there thinking there wasn't a full blown slump/crash happening. A lot of daft would-be buyers will be thinking again, and a hell of a lot of EA's will be getting calls tomorrow from near-completion buyers, who now wish to renegotiate - down!

See the relevant threads on here.

Yes, but you are forgetting one important factor - the sheeple don't watch Channel 4 news! The sheeple hang on every last word of Declan "Fat Boy I've Got a Massive Portfolio" Curry every morning on the dumbed down BBC. The sheeple just watched the News at Ten on ITV where they wheeled out an EA to state who we are panicking about nothing.

British investigative and impartial journalism at it's best!

Edited May 29, 2008 by SlumpmonkeyII

[moonriver]

Yes - there was spin and rubbish all over the airwaves today, but..

did you see C4 News at 7 tonight? That was about as bearish as you can get. It should have frightened the s**t out of anyone out there thinking there wasn't a full blown slump/crash happening. A lot of daft would-be buyers will be thinking again, and a hell of a lot of EA's will be getting calls tomorrow from near-completion buyers, who now wish to renegotiate - down!

See the relevant threads on here.

missed the C4 one, every house news I have seen on bbc1 , itv and Working Lunch has been so full of spin.

I'll take a look at the C4 threads. I have previously read a few posters on here say this has now become the best news channel for telling it how it is.

[moonriver]

Yes, but you are forgetting one important factor - the sheeple don't watch Channel 4 news! The sheeple hang on every last word of Declan "Fat Boy I've Got a Massive Portfolio" Curry every morning on the dumbed down BBC. The sheeple just watched the News at Ten on ITV where they wheeled out an EA to state who we are panicking about nothing.

British investigative and impartial journalism at it's best!

Good point, I wonder what the actual viewing figures are for C4 news is, in comparison to the other 2 sides ?

And I wonder what take the papers will have on it tommorrow ?

that itv Estate agent item was just cringeworthy.

[chichi]

Under FoI act can you ask the BBC what property portfolios its main reporters on the economy have?

[Slumpmonkey Returns]

Under FoI act can you ask the BBC what property portfolios its main reporters on the economy have?

You could but you won't get anywhere. It is pointless complaining to Pravda (the BBC or McStalin Broadcasting Corporation). Many people on this board, including me, have complained about their obvious bias over the years and you receive a standard reply a couple weeks later stating that they are not biased and how they have championed the plight of first time buyers yadda, yadda:(

Edited May 29, 2008 by SlumpmonkeyII

[W12]

Under FoI act can you ask the BBC what property portfolios its main reporters on the economy have?

I'm a BBC News staffer, and I don't know if you can or can't; I suspect not. But I encourage you to try it, on the business/economics/personal finance reporters and producers, just as long as you promise to report back here, whatever the outcome.

[VacantPossession]

I'm a BBC News staffer, and I don't know if you can or can't; I suspect not. But I encourage you to try it, on the business/economics/personal finance reporters and producers, just as long as you promise to report back here, whatever the outcome.

W12: can you please comment on the frequency of Vested Interest spokesmen and women appearing on the BBC and spouting purely PR stuff which is announced as "news"? Are the news editors aware that they ought to occasionally seek an opposite view? Can you explain why the BBC repeatedly publishes not news, but regurgitates PR spin with no challenge, independent research or even a balanced presentation inviting contrary views?

Thanks.

VP

[Slumpmonkey Returns]

Yes, W12 why is the BBC so biased?

Edited May 30, 2008 by SlumpmonkeyII

[mrcutegurlzz]

I laughed and laughed and laughed.

lol

[Nicholas Cage]

I'm a BBC News staffer, and I don't know if you can or can't; I suspect not. But I encourage you to try it, on the business/economics/personal finance reporters and producers, just as long as you promise to report back here, whatever the outcome.

They had £579 Million back in 2004 invested in UK Real Estate through the golden pension scheme. This is only about 10% of the total investments they have.

http://www.bbc.co.uk/foi/docs/responses_em....shtml#pensions

The pension scheme is controlled by the BBC Pensions Trust Ltd so by being a seperate trust are not subject to FOI requests, they hand over control to other funds a total of circa £7.5 Billion making the BBC one of the largest controlling groups of UK fund investment.

Thanks to the licence fee any loss they make from Real Estate will be covered, so the licence fee will pay a larger sum and employee contributions can remain stable. So they have no reason (apart from personal investments) to hype property.

Edited May 30, 2008 by maxwell

[bendy]

i don't know who the owners of this site are, but if they could afford 1, just 1, 20 second advert in between an episode of corro, promoting the site and the forum, just what kind of effect do you think that would have?

[Timak]

I'm a BBC News staffer, and I don't know if you can or can't; I suspect not. But I encourage you to try it, on the business/economics/personal finance reporters and producers, just as long as you promise to report back here, whatever the outcome.

They wouldn't release that information under FOI as there is an exemption for personal financial information.

Then again their Chief political correspondent, Nick Robinson, was leader of the Young Conservatives but you are told to trust journalistic impartiality in his case so surely it is the same for economic correspondents?

[dances with sheeple]

Events are moving ahead of the spin, sheeple know that everyone they know is suffering and can`t sell their house. There are more and more boards going up and staying up. We are close now to ugly and serious panic. Just look at the faces of the newscasters across all the channels, the "pulled from the ashes of a Zeppelin" look gives it away, they are the ones who have f*cked up on property. Declan is up to his balls in the stuff.