Monday, February 18, 2008

MASSIVE – use of unsuitable descriptors

House Prices hit new high

Nice image of FTB's looking at a wall of unattainable housing. Now apparently even more unattainable

Posted by bystander @ 08:23 AM (1944 views)
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19 thoughts on “MASSIVE – use of unsuitable descriptors

  • ” Now apparently even more unattainable”

    Not at all. The express people simply don’t understand the difference between asking prices and the actual price paid.

    A rubbish article.

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  • A war of perception……..

    ”Stuart Law, chief executive of property investment firm Assetz, said: “Confidence is returning to the market. This latest rise in prices, combined with February’s interest rate cut, should fuel further optimism among both buyers and sellers.”

    Well, he would say that wouldn’t he?

    BoE were very irresponsible cutting interest rates last month.

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  • little professor says:

    I lolled.

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  • Phew I was giving up hopes to sell my house at the top of the market. This may just rally a few more fools in this madness.
    I really can’t see how prices have gone up at a time when bored EAs will drag you into their lair if you spend longer than ten seconds looking in the shop window. May well be reverse psicology ( of the worse irresponsible Capitalism) to kick start the Panto.

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  • it_is_going_with_a_bang says:

    “David Austin, of housing consultancy Property For Life”
    Why ask anyone with that title what they think should happen?

    In his defence the Rightmove director has said
    “Most sellers choose to test a more ambitious price early in the year as they have plenty of time to adjust it down later.”

    That’s hardly the way it’s reported in that headline is it?

    Feel sorry for anyone who goes and buys something after reading that VI article.

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  • Wow. The Express has really ‘Hit New High’s’ in propaganda.

    ‘And the 3.2 per cent surge will be a huge relief to home owners who have been concerned about falling prices in a faltering property market.’ Why? I am a homeowner myself and I want property prices to drop back to relative affordability. House price rises are useless to me unless I want to sell up and live in a cardboard box on the street.

    David Austin, of housing consultancy Property For Life, said ‘“However, to give property the boost it really needs, the Bank should be looking to reduce the base rate further, in line with cuts in the US.” – Yes property really needs a boost!?, and that would really help inflation here!??

    I do like the way the subtitle says – NEWS / SHOWBIZ. I’m not quite sure this article can be filed under either category, but it is more entertaining than newsworthy.

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  • japanese uncle says:

    Even my friend Humpty Dumpty (chairman of the Professional Property Charlatans) says he is too busy to bother with this rubbish.

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  • Good grief. Read the wording of the report – there was a 3.2% fall in December as low priced properties flooded the market ahead of the HIP deadline. This is simply reversing the effect of that – ie zero growth in two months – which is truly disastrous news at this time of year.

    The comments on the Express article make interesting reading though. Twelve months ago these would have been 95% smug BTL and VI nonsense – at this point the ratio seems to have reversed, even on the Express website.

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  • Dear Express Editor,

    Why, oh why, oh why, is there no news of Diana’a asasination or little Maddie? I already know that contrary to history; house prices only ever go up. Why I would have to be barking mad not to know that. Indeed during my time at Harrow, I learnt that bubbles never occur in assets.

    Yours Faithfully,

    Henry Barking-Mad IV

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  • This newspaper seems to specialise in MASSIVE use of unsuitable descriptors: their tagline is “the world’s greatest newspaper” – hmm.. that’s stretching the meaning of “world” and “greatest” for sure.

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  • Blimey, more up and down than a tarts knickers!

    tommorows headline: “misery for millions as prices slump!’

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  • House prices ‘Hit New High’ whilst The Daily Express ‘Hits New Low’

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  • “We need to see further rate cuts to ensure this home buyer confidence in maintained.”

    This person either knows nothing about money supply or too much. If ‘too much’ however, I think he would realise the peril that exists and would have moved on to greener pastures and not issuing property porn. I can only conclude that this person is an idiot.

    “It meant anyone contemplating selling must first stump up several hundred pounds to comply with Gordon Brown’s red tape before they can show a prospective buyer around.”

    The worst thing about HIPS is that it gives these guys something to gripe over, rather than addressing real issues. Any additional cost would be incorporated in the selling price and any increase in transparency is always a good thing.

    Nicholas Leeming, director of propertyfinder.com, said: “HIPs are seriously muddying the waters, making it hard to see housing market trends.”

    What? 400 quid is 0.18 % of 220 000, the price of an average house in the uk. It doesn’t take much to dirty these waters. AND this person is a DIRECTOR. Omigod. I’m in the wrong business.

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  • Another addition to the hook on the outhouse door I think.

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  • Is this “Front Page” even worth a response ? Obviously the answer is : NO. However it does give food for these wonderful comments above and no doubt below. So in the end it could be worthwhile to have such propagandist, blatant deception and media bacteria making the Headlines.
    Carry on misguiding Daily Ex.

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  • C'mon Correction says:

    I’m going to register a complaint with the Press Complaints Commission regarding the mis-leading head-line published. http://www.pcc.org.uk if anyone else is interested.

    Doubt it’ll do any good, but may make some people think.

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  • It really is a quality paper isn’t it.

    ‘Win a £32 995 Campervan (or as Bully called it a Caravanette)’

    ‘Free Spa day at Champneys for every reader’ (all 3 of them)

    ‘House Prices Hit New High’ next to a picture of the NR ‘Now It’s a Taxpayers’ Nightmare’

    The Daily Express, sponsored by Andrex!

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  • new user 2007 says:

    Mr ASSetz has used his usual genius understanding about economics to suggest that because sellers and estate agents are in denial, buyers are confident.

    He seems to think buyers have no say in a buyers market. Interesting logic, unless he assumes buyers also have an interest in paying as much as possible.

    I think even the building society reps are having a hard time not looking ridiculous by hyping things up, so they will not give journalists quotes. Hence the sudden surge of Mr ASSetz in the papers.

    No point having petitions. Like all newspapers and sites (including this one?) that paper has people who already have a view on the issue, probably positive, so they already do not accept the pessimism surrounding them.

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  • You can always rely on the Express for a laugh.

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