Thursday, December 13, 2007

Get over it

It's time this house price obsession ended

A message to all the 'professional' housing market commentators: "shut up, go back to your miserable little City office, to your stack of statistics and your feeble forecasts. We don’t need you. We don’t want to hear from you. We can work out for ourselves what is happening in the real world."

Posted by mary @ 12:21 PM (1274 views)
Please complete the required fields.



11 thoughts on “Get over it

  • crash bandicoot says:

    Once the “if you don’t buy it now, you may never be able to” theory has been rejected by the general public, the party is over. There will be no prolonged stagnation, plateau or period of small declines. We are headded straight for the scene of the crash.

    Reply
    Please complete the required fields.



  • “But now you would think that the whole world depended on it” Unfortunately, many people’s buy now, pay later world does depend on the supposed increase in value of their “property”
    What happens when their world crashes around about them ? I expect there will be very little rejoicing in the streets.

    Reply
    Please complete the required fields.



  • @Crash bandicoot: Agreed, the mentality of “If I don’t buy now I’ll never get on the ladder” will vanish once the public realise prices are falling again. In fact people will probably talk about property prices a lot less once they are falling!

    Reply
    Please complete the required fields.



  • george monsoon says:

    a nicely delivered rant.

    Reply
    Please complete the required fields.



  • “Now UK house prices are on the way down. Face it! If Mervyn King thinks that 0.25% here or there is going to make a scrap of difference, then forget it. So please, housing market commentators, shut up, go back to your miserable little City office, to your stack of statistics and your feeble forecasts. We don’t need you. We don’t want to hear from you. We can work out for ourselves what is happening in the real world.

    But much more important – we don’t really care! ”

    Well said, Mr Bulford.

    “There will be silence at dinnerparties when the talk is about property,
    And silence during weekday TV slots where propertyporn used to be.”

    Reply
    Please complete the required fields.



  • it_is_going_with_a_bang says:

    “wide boys find that they are not so clever after all”

    LOL. Enough said. Great rant.

    Reply
    Please complete the required fields.



  • I’m looking forward to boring all my propertied-friends with how much I’ve made on my Tax-free, interest-free, maintenance-free, instantly liquid-ible (if that is a word) gold-invested ISAs. I intend to rave on endlessly about them and then tell them that if they haven’t got gold now then they’ll have to move quickly or they might never be able to afford one. I’ll then go on to say how important investing is and that interest paid on mortgages, and maintenance paid on properties, is just dead money.

    I’ll then ask them how their house investments are doing, and pretend to look sympathetic. “Oh, you haven’t managed to sell your house yet? But I thought you’d dropped the price by 50% – still no viewers – oh dear.”

    Reply
    Please complete the required fields.



  • Best article yet surely, and such a valid point made regarding the significance of a measly 1/4 point cut. Hooray the world is saved!….pillocks.

    Property is everything this day and age, I look at ex council houses selling for a 100K in some depressed parts of the UK and often burst out laughing. In fact it has gotten so ludicrous that I can’t take anything with the property market seriously anymore.

    Reply
    Please complete the required fields.



  • This’ll be more like a supertanker going downhill on skis. The banking system and governments must be very worried (panicking?) to have put together such a deal as they recently have. But the figures quoted of money being made available is just a drop in the ocean to what is actually needed. I reckon these people would be quite happy for the general taxpayer across the planet to pick up the tab for keeping the supertanker at the top of the ski slope for as long as possible! To their benefit.

    Renting

    Reply
    Please complete the required fields.



  • Urine Trouble says:

    geed. Council houses are very good quality, is what my local agent says. In some instance I would agree that they are well built, and have generous gardens, its all the scrap cars and dirty kids with chocolate on thier hands and faces and smashed up garden sheds I don’t like. Saw one the other day £249,950.00 in a semi rural location, I’d want a whole farm for that!

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>