Friday, February 8, 2008

The media think were being vitriolic and want us to go away

All property statistics are lies - or that's what some people would have you believe

This pro-crash lobby accuses the economists at Nationwide and Halifax of publishing figures that give a falsely optimistic view. Journalists who report these numbers are deemed to be either mouthpieces for lenders or determined to support the value of their own property investments.

Posted by landedgentry @ 07:49 AM (878 views)
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14 thoughts on “The media think were being vitriolic and want us to go away

  • Too funny… Anne Ashworth is the best comedian at the Times!

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  • She’s obviously talking about this site.

    Strange that she doesn’t provide a link.

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  • I posted this comment. The article is really comical aly’s weirdest dream

    Anne,
    I want to ask you two simple questions, hope you will answer in these comments.
    Can you please reconcile your rosy picture of the “UK economic fundamentals” which make the situation today sooo different from the ’90s, with the constant cry for BoE rate cuts that Mr Kaletsky (and yourself) print in the Times every first week of the month?
    Second, about your “These commentators can also claim that their past forecasts have been accurate”… not really. Halifax and Nationwide were predicting moderate growth in 2006 and 2007, while we had a rampant house price inflation (some 20% here in London). And that is exactly the view of the doommongers like myself, a bubble has formed taking house prices away from their “equilibrium” level of 3.5x salaries. Don’t you agree that if (as stated in this paper) BTLs are responsible for “7%” price increase, 7% is pure financial speculation and the moment they cash in (short term or long term, whatever) that 7% will have to come off prices?

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  • Stinging criticism indeed. She has basically missed the point though.

    I would say that the prevailing view on this site is that cheap money has lead to an asset price boom that has encouraged further excess borrowing and consumption which in turn has lead to an unsustainable and damaging amount of debt, and we don’t think this is a good thing!

    Hardly unreasonable or inaccurate.

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  • waitingfor hpc says:

    the times has no credability with me anymore. i don’t even bother to look on the website.

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  • I’m just trying to work out why Anne’s so upset. It’s either the fact that her Greater London portfolio has dropped 6.3% over Q407 (Halifax figures), or that
    one of the “doomsters” on here referred to her online “Bricks Chicks” videos as “more like Chicks with D1cks”.

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  • sold 2 rent 1 says:

    “the times has no credability with me anymore. i don’t even bother to look on the website.”

    Agreed. The Telegraph with Ambrose are right on the ball

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  • it_is_going_with_a_bang says:

    Wow she’s got a hair up her ar5se and it needs pluckin’

    I don’t ‘long for the human misery’ lol – I’m just not stupid enough or narrow minded enough to think that a whole economy should be run on house prices.
    It should have nothing to do with it whatsoever. A house should be a place to live not an ‘investment’.
    The whole point of this debate is what happens now and in the future with affordability? She misses the point totally.

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  • Well it’s nice to see that these people are worried enough about the impending CRASH that they keep tabs on us doomsayers. Anne, if you are reading, we just want to be able to afford a decent home in the country we pay huge taxes in, and our parents and grandparents (in my case) fought and gave their lives to defend. Don’t have a go at bloggers on this site because they had the sense not be drawn into the property bubble. The music has now stopped, and if you find yourself without a chair to sit on then that’s your own fault for being so gullible and getting drawn in. But you’ll be glad to know that we doomsayers have lovely comfy chairs with which to watch the ensuing canage. Popcorn anyone?

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  • “Another surprise development of the slowdown of 2008 is the sudden improvement in the image of the buy-to-let investor, previously the villain, blamed from excluding first-time buyers from homeownership. A study from the National Housing and Planning Advice Unit (NHPAU) indicates that first-time buyers have been more disadvantaged by their own lack of purchasing power.”

    What a circular reasoning by another useless quango!! MWA HAHHAHAHH AHHAHAHHAH

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  • Anne Ashworth. Braying Property Pornographer.

    She’s probably irritated that our opinions are more credible than hers and that her soothing platitudes are not working as people rush for the property investment exits.

    The Chicks that are Bricking it.

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  • It does make you realise the power of blogging etc. The media’s monopoly on opinion formation is being undermined. With power will come problems. We should support this HPC and other blog sites fully and thoughtfully. One thing I believe that we could work on is that sometimes the posts and comments here are excessively negative. If we are going to influence opinion we do need to give credit where it is due. Also I find the subject of “trolls” a bit troubling. We have recently had a troll who clearly was trying to, and succeeded in, winding people up. I agree that they should not be banned or flamed. It is no good arguing with them too much, it only gives them more energy. The kind of person who becomes a troll thrives on winding people up. Why else would they go not a blogsite with which they disagree?

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  • sorry .. go on a blogsite…

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  • I very much agree with Happy Renter’s sentiment.

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