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The Times Calls Time On Housepricecrash.co.uk


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The end of annoying one-issue websites. The harbingers of doom at websites such as www.housepricecrash.co.uk and www.propertysnake.co.uk will have nothing left to warn us about. House price crash? Been there, done that.

The end of property porn programs littering TV, Been there, done that.

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she was telling 1st time buyers to buy in january this year!! Now she writes like she saw it all along.

LOL. thank goodness for the internet.

2 short planks

If a court found that such advise was given with the intention of inducing her readers to act on that advice and they have suffered as a result her advice may sound in liability to compensate for any losses. Provided, of course she was holding herself out as an expert such that the ordinary person would reasonably rely upon such advice. I think she would benefit from taking legal advice as should her employers under the principle of respondat superiore. IMO, advising anyone to buy when most experts knew or should have known the market was at substantial risk of collapse was reckless.

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Oh where to start? Says more about her than anything: what she feels is within her control and all that.

I read her list. It was pretty sad. Number 5 I think was about divorce: she thinks a lower divorce rate is desirable without considering that those who cannot afford to separate are forced to coexist in misery. And its nonsense, because it would be cheaper after a HPC for them to get their own places and new lives sorted out. What did she get paid for that piece?

Many posters on here could have generated a wittier and more pertinent list. This is probably annoying to someone who relies on the income from writing such garbage to see others do it better, for free, and for no other reward than seeing someone acknowledge their view. Maybe with a smiley. What is more worrying for some journos is that the web has encroached so far into their domain that many people go to their favourite site first to see which newspaper articles others think are worth reading.

:)

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QUOTE (Method Man @ Sep 25 2008, 08:34 AM)

she was telling 1st time buyers to buy in january this year!! Now she writes like she saw it all along.

LOL. thank goodness for the internet.

2 short planks

I love these comments from that short planks

It would be interesting to know of Rebecca O'Connor's qualifications if any. This is very poor advice and flies in the face of received wisdom which is that property is overvalued by up to 40%. The same thing happened at the end of the last property boom but I would guess Rebecca is too young to remember...

malcolm head, skilgate, somerset

Because now is a great time to be advocating taking out £150,000 loans for first time buyers isn't it....

Kevin, Salisbury, UK

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Oh where to start? Says more about her than anything: what she feels is within her control and all that.

I read her list. It was pretty sad. Number 5 I think was about divorce: she thinks a lower divorce rate is desirable without considering that those who cannot afford to separate are forced to coexist in misery. And its nonsense, because it would be cheaper after a HPC for them to get their own places and new lives sorted out. What did she get paid for that piece?

Many posters on here could have generated a wittier and more pertinent list. This is probably annoying to someone who relies on the income from writing such garbage to see others do it better, for free, and for no other reward than seeing someone acknowledge their view. Maybe with a smiley. What is more worrying for some journos is that the web has encroached so far into their domain that many people go to their favourite site first to see which newspaper articles others think are worth reading.

:D

Seriously though you are right. There is a lot of this lazy unresearched journalism appearing more and more. It's pathetic, this site has given better more accurate financial advice in it's short history than the Times has since it began publishing.

edited : fat finger mistake.

Edited by symo
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How can you not like the purpose of this website? Free speech and all that. Oh I see, you mean you're mortgaged up to your eyeballs for the rest of your life for being a sheep, and you've realised your self esteem has a directly proportional relationship to the value of your bedsit. Shame.

I love it when you dont even have to leave your sofa to cook your tea :lol::lol:

Bad luck Becky love. Shame you got here too late.

Most people on here didnt need HPC.com to know which way the wind was blowing.

THATS the difference between you and me Bex. :wub::ph34r:

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Probably not. But lets just assume it is anyway.

Might as well be, might as well be the parrot writing the articles (maybe it is). The VI`s are running scared, the monster scam is coming down around their ears and the sheeple are catching on a bit more every day. "Been there done that" ! she wishes, we have not been anywhere or done anything yet with regard to this crash. There is anecdotal evidence of 20% drops, the sheeple are picking up on it and just waiting to see what happens, the VI`s are DESPERATE to call this the bottom, hoping that people will pile in and snap up bargains (excuse me while I go and wring out my pants) unfortunately the banks won`t/can`t play. What a f*ck up for the VI`s.

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......... the VI`s are DESPERATE to call this the bottom, hoping that people will pile in and snap up bargains (excuse me while I go and wring out my pants) unfortunately the banks won`t/can`t play. What a f*ck up for the VI`s.

FINALLY..................

THE END OF THE WORLD'S BIGGEST EVER PYRAMID SELLING SCAM.........?!?!?

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Ahh, just had a look at the comments posted on the Times site. It's nice to know that HPC members don't take this crap sitting down.

As others have mentioned it's also good publicity for the site too.

I really can't believe people who were ramping up that market just a short while ago are now behaving like they saw it coming all along.

:ph34r:

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http://timesbusiness.typepad.com/money_web...092220

Quote:

The end of annoying one-issue websites. The harbingers of doom at websites such as www.housepricecrash.co.uk and www.propertysnake.co.uk will have nothing left to warn us about. House price crash? Been there, done that.

Been there and done that? What?? I thought the crash still had years to run, and won't be behind us for some time. With VI spin like that to combat I suspect HPC.co.uk will be around for a while yet.

:ph34r:

Edit: fixed url for article

Looks like a back-handed compliment to me...

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If a court found that such advise was given with the intention of inducing her readers to act on that advice and they have suffered as a result her advice may sound in liability to compensate for any losses. Provided, of course she was holding herself out as an expert such that the ordinary person would reasonably rely upon such advice. I think she would benefit from taking legal advice as should her employers under the principle of respondat superiore. IMO, advising anyone to buy when most experts knew or should have known the market was at substantial risk of collapse was reckless quote]

So was taking the advice........................the sheeple have got to learn to think for themselves, maybe the coming meltdown will encourage them a bit?

Edited by dances with sheeple
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Guest An Bearin Bui

Is this the same Rebecca O'Connor who bought a property oop north to let out because she couldn't afford to buy in London, being under 30 and on a journalist's wages and so on? She wrote an article about it in The Times around late 2006/early 2007 saying that being a landlord somewhere cheaper is a great idea if you're priced out of London. I seem to recall she even went halves on the deal with her sister too - joint ownership is the answer to every priced-out FTB's dreams, after all!

I've been trying to track down this article to see if I'm right or just confusing her with some other Times hack but there is definitely someone at the Times Money or Property section who did this and wrote about it. I remember feeling sorry for them at the time as they were clearly buying under pressure and out of desperation at facing eternal renting and it seemed like such bad timing...

If it's her then that would explain some of the bitterness... anyone handy with google around here?? ;)

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Since we're on the subject, here's some advice from Lorna Bourke in yesterday's Evening Standard property supplement (I normally try to avoid it - "one-bedroom flat Belsize Park, superb potential for refurbishment [!], only £490,000", etc), but for hilarity it takes some beating.

This is from an article titled "Positive thinking" on how falling equity is just fab:

Looking on the bright side, it was time for a correction in the market; first-time buyers can now enter the market if they have access to a deposit. Even those who need to move house are not trapped, as long as they still have equity of about 10 per cent. If their home, formerly worth £200,000, is now worth only £150,000, the property they want to buy, formerly worth, say, £300,000, is probably now worth only £225,000. So they lose £50,000, but save £75,000 on the new property leaving them £25,000 better off.

(not yet up on the interwebulator, so no linky)

I don't quite know where to start with this! If they still have 10% equity left (i.e. £15,000 on a house now worth 150K, having lost, I suppose, £50,000 of equity already), it constitutes under 7% of a deposit for the more expensive place they now want. How does that work?

Or am I missing something?

Anyway, get out of trouble by trading up! Housing market saved!

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Looking on the bright side, it was time for a correction in the market; first-time buyers can now enter the market if they have access to a deposit. Even those who need to move house are not trapped, as long as they still have equity of about 10 per cent. If their home, formerly worth £200,000, is now worth only £150,000, the property they want to buy, formerly worth, say, £300,000, is probably now worth only £225,000. So they lose £50,000, but save £75,000 on the new property leaving them £25,000 better off.

Hmm, doesn't this just mean that when prices fall by a further 20-30% that you just lose more money buying a more expensive house now?

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How can a website actually be annoying? It's hard to actually end up on a website by mistake, despite what you may say when caught with porn on your screen.

TV ads, celebrities, shouty TV presenters, Gordon Brown and the like can be annoying as they can still enter your mindspace even if you try to avoid them.

What the crappy journo means is 'I'm annoyed people can read a bunch of amateurs busily discussing and debating the big issues years before us cut'n'paste slackers stop writing twaddle about hot property markets'.

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Might as well be, might as well be the parrot writing the articles (maybe it is). The VI`s are running scared, the monster scam is coming down around their ears and the sheeple are catching on a bit more every day. "Been there done that" ! she wishes, we have not been anywhere or done anything yet with regard to this crash. There is anecdotal evidence of 20% drops, the sheeple are picking up on it and just waiting to see what happens, the VI`s are DESPERATE to call this the bottom, hoping that people will pile in and snap up bargains (excuse me while I go and wring out my pants) unfortunately the banks won`t/can`t play. What a f*ck up for the VI`s.

exactly, Banks are just lining up to lend the millions of potentially soon to be unemployed joe and janes out there, the banks are just falling over them selfs as to whom the next mortgage customer will be, all's alright in Banking Land and house prices only every go up in a country that sells to much the world and is rolling in foreign reserves from our highly educated productive citizens.

get real Lady from the times, my 5 year old could have put togeather a more articulate article.

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  • 441 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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