Tuesday, June 24, 2008
Stuart Law, chief executive of Assetz, said: “We are in a period of weakness, not a crash
House prices appear to be falling
House prices in the UK, grew by 0.3 per cent during the year to May 2008, but this signalled a decline in the annual growth rate recorded in April 2008 of 1.7 per cent, according to property investment firm, Assetz.
Posted by housebear @ 09:34 PM (964 views)
9 thoughts on “Stuart Law, chief executive of Assetz, said: “We are in a period of weakness, not a crash”
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drewster says:
He’s like Monty Python’s black night….
One arm chopped off: “Tis but a scratch!” — “A scratch? Your arm’s off!” — “I’ve had worse.”
Both arms chopped off: “Just a flesh wound”
Both arms and one leg: “I’m invincible! The Black Knight always triumphs!”
All limbs chopped off: “Oh? All right, we’ll call it a draw.”
Peter Anton says:
Ah yes – our good friend Stuart Law again – CEO of Assetz, a company shortly to go into administration according to the rumour mills.
I see a brilliant future for young Stuart in the northern working men’s clubs – as a hilarious comedy act.
crash bandicoot says:
I know it’s late (for me) but I don’t understand this. Prices are up even though they are falling? Up 0.3% during the year, with a 1.7% reduction in the annual growth rate. Surely a reduction in the annual growth rate still ends up with growth? If prices are falling there needs to be a minus sign somewhere.
Perhaps there has been an inversion in the annual capital appreciation yield index, but there’s no point worrying your pretty heads with that, just buy some more housez and we’ll all be OK (subject to termz and conditionz).
new user 2007 says:
Drewster…
excellent:)
I was thinking of someway of wrting about how truly pitiful and pathetic his views look while he refuses to give in. Your words sum him up.
Crash…
the fact is that anyone who bought since September 2007 has lost money between then and now. He can twist the facts anyway he likes. The key thing is that even the other VIs think he is an idiot.
str 2007 says:
Crash Bandicot
”inversion in the annual capital appreciation yield index”
LOL, I like this, I’ll use it at this summers barberques, when the subject comes up, so as not to upset people.
Yerhavingalaugh says:
Just been tonight to see Spamalot. First class Drewster.
wiltshire says:
Yes Drewster, that’s perfect.
Stuart Laws is classic. So far I think he’s still got all his limbs (maybe that first arm is half severed) but already his comments are getting more and more desperate – “Demand has not gone away, buyers still want to purchase a home, but they are waiting for improved deposit requirements.” True but what Mr Laws will find is their deposit will increase monthly as house prices plummet, not that banks will suddenly start lending them ridiculous sums again.
Someone should find a way to catalogue Laws comments as this period of weakness unfolds….. He’s the new Iraqi Information Minister.
yorkshireman says:
“I am not drowning, just waving” – Stuart Law 24th June 2008
nopensionnohouse says:
What a plonker “Demand has not gone away, buyers still want to purchase a home, but they are waiting for improved deposit requirements.”
Yeah, and I still want a million quid Bugatti Veyron. Doez that mean I haz pent up demand and all I haz to do iz wait for improved depozit requirementz?