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Wires 74

Daily Telegraph -roger Bootle

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Roger Bootle seems to be relishing the HPC !

http://www.telegraph.co.uk/money/main.jhtm.../04/ccom104.xml

`The Government has banged on ad nauseam about the need for "affordable housing" and has introduced various ill-conceived measures to promote it. In fact, the best way to make houses more affordable is for prices to carry on falling. Like it or not, that is what is going to happen.`

Edited by Wires 74

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Roger Bootle seems to be relishing the HPC !

http://www.telegraph.co.uk/money/main.jhtm.../04/ccom104.xml

`The Government has banged on ad nauseam about the need for "affordable housing" and has introduced various ill-conceived measures to promote it. In fact, the best way to make houses more affordable is for prices to carry on falling. Like it or not, that is what is going to happen.`

:lol::D:D

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`The Government has banged on ad nauseam about the need for "affordable housing" and has introduced various ill-conceived measures to promote it. In fact, the best way to make houses more affordable is for prices to carry on falling. Like it or not, that is what is going to happen.`

FINALLY FINALLY FINALLY someone in mainstream media states the ruddy obvious!

Labour have tried to keep this housing bubble inflated with CRIMINAL schemes to rope in the most vunerable FTB's (by that I mean this shared equity scheme nonense).

Why not just let prices fall......that is the BEST way to create affordability.

...but oh no. That would create problems for Mr and Mrs Labour voting BTL'er.

Labour's housing policies have been nothing short of CRIMINAL. The housing minister knows DAM well that prices are falling, yet they are still advocating interventionist policies to keep the bubble inflated.

Labour have screwed over anyone under 30, and words cannot express my disgust for Gordon Brown and the rest of his socialist idiots in government.

The day they get kicked out of government cannot come soon enough... :angry: :ph34r: :angry:

PS, Yes I have had a drink.. :P:lol::P

Edited by Notlongnow

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You could be excused for thinking he had been over here reading the threads here?

No matter what, it is really good to see him state this in a national newspaper. Many of us have been saying this for many, many months now.

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You could be excused for thinking he had been over here reading the threads here?

No matter what, it is really good to see him state this in a national newspaper. Many of us have been saying this for many, many months now.

Considering the article is only a few hours old theres an amazing amount of comments on that piece already on the Telegraph site ...

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Considering the article is only a few hours old theres an amazing amount of comments on that piece already on the Telegraph site ...

This comment from that link really sums it all :lol:

AFTER THE LORD MAYORS SHOW COMES THE DUNG CART!

The housing crisis was created through greed. Greed of Bankers, estate agents, the BTL market but mostly of the modern day attitude of the working class.

I have worked on building sites, and, not that many years ago, brickies, plumber, painters etc arrived in battered old vans, on time and had cheese sandwiches and a flask of tea.

During the last few years the above mentioned were driving huge 4x4 monster trucks, gleaming with stereos that could compete with the sound output of a jet engine. Their wives took the kids to school in somthing similar (only in pink) and their children no longer played hop-scotch but were into golf, tennis and some had a pony. Two of the sparkies children were at private shcools.

The brickies and even the labourers no longer unwrapped a shriviled 'sarnie' or poured their drink from a flask. No; one was elected to do the 'Nammit' run, and would come back with 'costa coffee' and at the very least subway baguettes etc.

When I once mentioned about their extrodinary spening power, one told me that his wife watches all these property programes on t.v, and that she is always on at him to 'improve' their home. His reply to her was ' why should I?' 'The house has made us £100k by me just sat on my bum in two years!' He then said that that was content with 'earning' an extra 'fousnad pounds a week by doing nothing.

So with this attitude multiplied by millions no wonder we are in such a mess. Many working class have had there house valued at £30k just a few years ago and at that time would have never drempt of 'borrowing' £10k+ to buy a truck, yet when someone 'tells' them that their house is worth £175k, then suddenly £10k does not sound that much!

I feel it won't be too long before there's a lot of big trucks for sale at very cheap prices or at the very least a lot of them with a lawn mower in the back and a sign hand painted saying 'gardening, and general building NO JOB TOO SMALL'.

Posted by Petra Beany on August 4, 2008 8:54 AM

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I would go as far as saying a house price crash is essential for the future economy success of the UK.

Reasonable priced houses at the normal 3.5 x wages would enable the younger generations to be able to buy a house and give them some stake in the country that they work in and would enable them to compete in the global workplace. If the Gov choose and are successful in propping the housing market up and price future generations out of house ownership it would only lead to a mass exodus of the young in the UK. I would hope Brown and co are smart enough to realise this. But then again maybe its what they want and then they could remove the restrictions on skilled

immigrants coming into the country and just have a workforce of cheap labour who rent.

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Guest X-QUORK
I feel it won't be too long before there's a lot of big trucks for sale at very cheap prices or at the very least a lot of them with a lawn mower in the back and a sign hand painted saying 'gardening, and general building NO JOB TOO SMALL'.

Bring that day on, the sooner the better. I sometimes wonder whether I live in the UK or Texas given the amount of monster trucks on the roads.

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This comment from that link really sums it all :lol:

(cut)

Posted by Petra Beany on August 4, 2008 8:54 AM

Any relation to Sarah Beany? We should be told!

SB always struck me as a realist. ;)

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I wonder if they post my comment? :lol:

"Anyone who thinks that house prices rising faster than the rate of inflation is an idiot. It really is that simple."

Well they might, but it doesn't make sense...

Is it missing a "should be" before "rising" or similar? :rolleyes::rolleyes:

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Maybe Roger Bootle could have a Christmas hit with "Let the Prices Fall", a reworking of Barry White's "Let the Music Play"?
Ha ha. That got me thinking about what would be a great HPC theme tune. But I was thinking more along the lines of Harold Faltemeyer's "19" - you know, that funky keyboard rap thing about Vietnam. "The average price of a mid-terrace in Stoke-on-Trent before the crash was 200,000 pounds. In 2013 it was 119, na na na na nineteen nineteen.."

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One of the comments starts:

What a disgusting and sickening article.....

Yes, it's not going to be a vote winner for those who bought at or near the top of this pyramid scam.

The rest of that comment doesn't make any sense. He claims to have bought at an inflated price but within his means but then says that he has had to spend 8 years working abroad to afford the mortgage.... :unsure: If he bought 8 years ago he certainly didn't pay bubble prices.

Maybe Roger Bootle could have a Christmas hit with "Let the Prices Fall", a reworking of Barry White's "Let the Music Play"?

Followed by a reworking of Evelyn "Champagne" King's hit "Price Come Down" and then we can finish off the disco to the sound of "House Price Inferno" :lol:

It was so entertaining

When the market started to explode

Burn baby burn

House price inferno

Edited by thecrashingisles

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Ha ha. That got me thinking about what would be a great HPC theme tune. But I was thinking more along the lines of Harold Faltemeyer's "19" - you know, that funky keyboard rap thing about Vietnam. "The average price of a mid-terrace in Stoke-on-Trent before the crash was 200,000 pounds. In 2013 it was 119, na na na na nineteen nineteen.."

Harold Faltemeyer? He did Axel F

Paul Hardcastle I think...

Anyway surely we could have

"The average IQ of a Banker in 2007 was 19 ... nnnnn19"

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Ha ha. That got me thinking about what would be a great HPC theme tune. But I was thinking more along the lines of Harold Faltemeyer's "19" - you know, that funky keyboard rap thing about Vietnam. "The average price of a mid-terrace in Stoke-on-Trent before the crash was 200,000 pounds. In 2013 it was 119, na na na na nineteen nineteen.."

:lol::lol:

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Ha ha. That got me thinking about what would be a great HPC theme tune. But I was thinking more along the lines of Harold Faltemeyer's "19" - you know, that funky keyboard rap thing about Vietnam. "The average price of a mid-terrace in Stoke-on-Trent before the crash was 200,000 pounds. In 2013 it was 119, na na na na nineteen nineteen.."

The average wieght in stones of a property porn bint is 19 nanananananan

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FINALLY FINALLY FINALLY someone in mainstream media states the ruddy obvious!

he's been banging on about the housing bubble since 2003, and taken royal loads of sh*t for it too.

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But then again maybe its what they want and then they could remove the restrictions on skilled

immigrants coming into the country and just have a workforce of cheap labour who rent.

There's a restriction?

Maybe Roger Bootle could have a Christmas hit with "Let the Prices Fall", a reworking of Barry White's "Let the Music Play"?

Or...

Let the prices hit the floor, let the prices hit the floor, let the prices hit the....

...FLOOOOOOOOOOOOOOOOOOOOOOOOR!!!!!!

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he's been banging on about the housing bubble since 2003, and taken royal loads of sh*t for it too.

Agreed - but even Will Hutton appreciates that there is a bubble, but he wants i/r's slashed to keep the unsustainable status quo.

It's his approach to dealing with the problem that I was welcoming.

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Quote:

THE ELEPHANT IN THE ROOM IS MORTGAGE FRAUD...HERE IS THE ROOT OF ALL THE PROBLEMS..FRAUD PRICED OUT TOO MANY PEOPLE WHO WOULD NOT LIE TO GET A HOUSE..SOON THE SCAPEGOATS WILL BE NEEDED LETS HOPE NO ONE LIED???

Posted by GEOFFK on August 4, 2008 1:50 PM

GEOFFK could be Eric Pebble's twin!

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Harold Faltemeyer? He did Axel F

Paul Hardcastle I think...

Anyway surely we could have

"The average IQ of a Banker in 2007 was 19 ... nnnnn19"

Touché! Basil-don. Brigh-ton. Hali-wide. Skipt-on. Na na na na nineteen na na na na ninetten..... I'm beginning to get a little too into this. Avon out.

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  • 395 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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