88Crash Posted August 1, 2008 Share Posted August 1, 2008 The current reporting by most media and the press releases seems somewhere between disingenuous, misleading or maybe just total b*llocks! One of the latest quotes from HBOS about negative equity for example “In 1992, 34 per cent of borrowers had loans-to-value of more than 90 per cent” http://www.timesonline.co.uk/tol/money/pro...icle4438949.ece It doesn’t matter if the reporting is about price falls, negative equity, unemployment or interest rates, they all seem to have the same mantra “Compared to the HPC in the 90’s” They compare figures from an entire HPC that lasted several years to our current HPC that has lasted several months This HPC is only just beginning, so to compare the plight of people in negative equity today, compared to the same figure in 1992 is simply wrong Try that figure two years from now and that would e a fair comparable Quote Link to comment Share on other sites More sharing options...
Guest sillybear2 Posted August 1, 2008 Share Posted August 1, 2008 How many liar loans in 1992? How many BTL? Exactly! Quote Link to comment Share on other sites More sharing options...
Qplate Posted August 5, 2008 Share Posted August 5, 2008 were all fookd Quote Link to comment Share on other sites More sharing options...
Dubai Posted August 5, 2008 Share Posted August 5, 2008 I agree with you, 88Crash. Why does your "name" remind me of a Suzi Quattro song? Quote Link to comment Share on other sites More sharing options...
JustAnotherProle Posted August 5, 2008 Share Posted August 5, 2008 I agree with you, 88Crash.Why does your "name" remind me of a Suzi Quattro song? Because "48 Crash" was a Suzi song ? Quote Link to comment Share on other sites More sharing options...
Justice Posted August 5, 2008 Share Posted August 5, 2008 The more blaintant lies the BBC puts out the better as far to many people have not made the connection between the BBC and goverment paopaganda machine. I'm still looking for WMD in Iraq Quote Link to comment Share on other sites More sharing options...
StuB Posted August 5, 2008 Share Posted August 5, 2008 The current reporting by most media and the press releases seems somewhere between disingenuous, misleading or maybe just total b*llocks!One of the latest quotes from HBOS about negative equity for example “In 1992, 34 per cent of borrowers had loans-to-value of more than 90 per cent” http://www.timesonline.co.uk/tol/money/pro...icle4438949.ece It doesn’t matter if the reporting is about price falls, negative equity, unemployment or interest rates, they all seem to have the same mantra “Compared to the HPC in the 90’s” They compare figures from an entire HPC that lasted several years to our current HPC that has lasted several months This HPC is only just beginning, so to compare the plight of people in negative equity today, compared to the same figure in 1992 is simply wrong Try that figure two years from now and that would e a fair comparable Its spin. Its like this.. Ok house prices are down YOY but look at the prices 2 and 3 years ago, they are still up. Give it a few months and it will be.. Ok house prices are down YOY and but look at 3 years ago, they are still up. Neglect to mention prices from 2 years ago. When they go negative on 3 years they will start quoting 4 years ago. Quote Link to comment Share on other sites More sharing options...
bkkandrew Posted August 5, 2008 Share Posted August 5, 2008 Why use the 1992 figure? The crash was over two years in at that point and therefore the LTV's would be increased in line with the 2-years of drops already taken place. A fair comparison to today would be with the figures for 1990. Quote Link to comment Share on other sites More sharing options...
council dweller Posted August 5, 2008 Share Posted August 5, 2008 I'm still looking for WMD in Iraq Be careful out there. Quote Link to comment Share on other sites More sharing options...
Converted Lurker Posted August 5, 2008 Share Posted August 5, 2008 Why use the 1992 figure? The crash was over two years in at that point and therefore the LTV's would be increased in line with the 2-years of drops already taken place.A fair comparison to today would be with the figures for 1990. the correction we've seen inside ten months is already greater than in the 90's and the trend is apocalyptic in comparison. For now comparing a six month loss with a three year one works for the talking heads on BBC etc. Inside the next 4 months it won't as the comparison will be too stark to use. Quote Link to comment Share on other sites More sharing options...
ParticleMan Posted August 5, 2008 Share Posted August 5, 2008 Its spin. Its like this.. Ok house prices are down YOY but look at the prices 2 and 3 years ago, they are still up. Just wait until they start using '92 prices as a frame of reference. Quote Link to comment Share on other sites More sharing options...
juvenal Posted August 5, 2008 Share Posted August 5, 2008 The other little item they forget to mention when talking about '92 is the massive levels of personal debt individuals now have - that they didn't then. That makes today's situation even more dangerous. Quote Link to comment Share on other sites More sharing options...
CharlieChuck Posted August 5, 2008 Share Posted August 5, 2008 Also in 1992, more people had endowment mortgages, so the LTV would have appeared to be high ( 90-100% ) for a lot of people, but in reality they also had an endowment policy that should have acted as a repayment vehicle. Quote Link to comment Share on other sites More sharing options...
meow Posted August 5, 2008 Share Posted August 5, 2008 The current reporting by most media and the press releases seems somewhere between disingenuous, misleading or maybe just total b*llocks!One of the latest quotes from HBOS about negative equity for example “In 1992, 34 per cent of borrowers had loans-to-value of more than 90 per cent” Yes, but how many had loans of 125% ltv or 6 billion times wages Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.