Saturday, July 12, 2008

HPC-denier still desperately clinging on

Price crash is pure scaremongering but there are constraints

It's hard to avoid the headlines screaming about house-price crashes – but that doesn't mean there will be one. I am not suggesting that house prices in Scotland are likely to rise this year as they have done in previous years – a fall is entirely possible, although increasingly unlikely. A slowing market represents the best opportunity a buyer has of buying well, especially in a market with long-term over-demand/supply constraint problems.

Posted by little professor @ 01:41 AM (921 views)
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10 thoughts on “HPC-denier still desperately clinging on

  • Pure VI drivel, his peers will be proud of him.

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  • tyrellcorporation says:

    Methinks they protest too much!

    I just hope this guy’s property portfolio gets royally shafted and him with it! Fancy the Scotsman giving this idiot a platform to spout his VI excrement. Sad.

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  • japanese uncle says:

    HPS deniers are the most hazardous being to our society, thus must be subject to prosecution and imprisonment.

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  • japanese uncle says:

    Sorry correction.

    HPC deniers are the most hazardous being to our society, thus must be subject to prosecution and imprisonment

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  • This is disgusting but unfortunately not untypical of the Scotsman. There’s a huge amount of greed and vested interest going on in Scotland, especially in the outrageously overpriced Edinburgh market. It’s like they imagine property investors have a God-given right to make money hand over fist year after year – no understanding of the property cycle or the credit crunch.
    But the perpetrator does at least point out that HPC is good for people wanting to trade up.
    BTW I notice that the Edinburgh solicitors propert centre are offering special-deal mortgages for FTB – trying hard to sucker them in.

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  • Scotch Mist.

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  • This humungous credit crunch is just a “short-term demand squeeze”. So nothing to worry about then. Have a nice day.

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  • Or “potentially the biggest financial crisis in the history of the world” is just a “short-term demand squeeze”. It must be great in Scotland, they sound more chilled than Jamaicans!

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  • happyrenter says:

    have seen much the same in our local rag with local EA being interviewed essentially saying the affluent south will be different to the poor areas of the North and Midlands and price falls will be limited to those areas….it was the most condescending piece of drivel I’ve seen for some time….

    I think we’re likely to see larger falls – at least from asking prices – as the aspirants are still blindly adding 10% to last year’s asking prices….

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  • it_is_going_with_a_bang says:

    Ah yes another article written by someone who wouldn’t mind property prices and transactions to plummet….

    Jason Scott is a partner at Warners “solicitors” and “estate agents”

    Pre scaremongering. I asssume by this he means that if there is a crash he will resign his position at the estate agents and solicitors.
    I hope his businesses fail in spectacular style.

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