Monday, July 7, 2008
You lied to me – it IS different this time …
Property Webcast
Gary McCausland confirms we have almost the exact opposite of what we had in the 90's ... today we have low interest rates (that will fall to 4% sometime next year), high employment, high 'pent up' demand and of course, a limited supply and inflation at only 3%. PS don't forget to buy my new book 'How to make a million from property' GM This is a 7 minute video, FF to 6 minutes in.
Posted by angonamo @ 08:39 AM (2107 views)
23 thoughts on “You lied to me – it IS different this time …”
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yorkshireman says:
How about affordability ?
Stevie Dee says:
The Labour Party should employ this guy immediately. Charming Fellow!!!
Davros says:
Which is why prices are falling at a fast rate than the 90s. Sorry mate, look at the statistics before telling us it’s different this time. If anything else, it’s worse.
drewster says:
9:22am and still no sign of the Halifax House Price Index for June. What’s going on?!
justwatching says:
Drewster
Smooooothing
Is it time to call their press office?
doomwatch says:
I think you can judge from their body language the game is well and truly up.
doomwatch says:
Oh, yeah, is this the same Gary McCrapper “expert” that said on 5 live last year that property is “inelastic”.
wally says:
doomwatch – couldn’t agree more. He didn’t seem to believe what he was saying.
justwatching says:
Oh no!
B*llshit overload. Watching the video, oh dear.
Why was the lady on the right there, she said fook all?
Did you see them try to pass on the ‘hot potato’ mike when the repossesion question came on?
FTB question, why did he say to get advive from an EA (worse, several EAs) to see if he was paying the right price? Why not just tell em to put it off??
How about the sellers qu? HOLD OFF SELLING UNTIL LATER IN THE YEAR (AND COST YOURSELF A FEW K)
Well thats all floks no HPC, this chap said so.
INTEREST RATES ARE GOING DOWN. CAUSE most EXPERTS SAID SO. hmmmmmmmmmmmmmmmm
holding out says:
Drewster – They never give an exact release date – just a tentative one, probably so they can release it at a time of their choosing and use it to influence other events probably the MPC meeting – So could be a bad (good) one. It has been rescheduled for href=http://www.forexfactory.com/calendar.php>Tuesday – could move again of course.
hpwatcher says:
He is 1 year too late to be selling that book. Clearly it was written at the height of the boom, and has taken this long to get published.
Unfortunately, for him, things have moved on so his book looks out of date, but he has no choice other than to try and sell it, coz of all the money that has been invested in it!
doomwatch says:
Looks like the Hailfax are delaying till as late as possible to try an influence the MPC, as they always try to. Pathetic.
holding out says:
Drewster – Try again, They never give an exact release date – just a tentative one, probably so they can release it at a time of their choosing and use it to influence other events probably the MPC meeting – So could be a bad (good) one. It has been rescheduled for Tuesday – could move again of course.
Brownout says:
Wheres the Halifax figures ? I’m getting suspicious. Maybe the Govt’s “Ministry of Database Massaging” has been re-working them all weekend….
Geed says:
Its comical stuff from the Halifax, Holding out is bang on, obviously the Halifax will show monthly falls so they will delay as much as possible to try to influence the press and the way the press pressures the BoE to make its decision. The Halifax know that the press are fickle, and go all out for a drop in rates if the most recent set of data in their minds are falling house prices, if a set of inflationary stats are released closer to the BoE date, the Halifax will not be happy and the fickle press will back a BoE ‘hold’.
I’d like to think that the BoE members can make their own minds up. A drop in IR is just unthinkable at present.
george monsoon says:
amazing! and just when I thought the housing market was in freefall.
I will go and tell all the estate agents in my town not to worry, because Gary McCausland says everything is fine.
Can’t do anything about the two that already closed since may!
:O)
Ah-so says:
It was so nice to hear the phrase “pent-up demand” again.
That demand is so pent-up that it is entirely invisible.
Stevie Dee says:
@11 Or expensive bonfire… or better still.. he won’t be out of toilet paper for a while.. bless
drewster says:
holding out,
Thanks for that info. I assumed from the forexfactory link last week that Monday really meant Monday. Guess it’ll be Thursday morning then, in time for the MPC meeting.
p. doff says:
15. drewster said…”Guess it’ll be Thursday morning then, in time for the MPC meeting”.
……or just before the 11th when HBOS has to receive notification of some shareholders decision about the rights issue.
nooneo says:
Gary McCausland “noiw, oi doin’t think theres going to be a hoiuse prioce crash.” – Sooner or later on the these “experts” are going to have to admit that this is a HPC and therefore they will have to eat HAT. They have been wrong predicting it, and know that it’s started they just can’t bring themselves to admit they were wrong, brilliant strategy. Canute – tide – @*sehole – it’s a word assoctaion game!
He is starting to look a little off colour, romour has it that Krusty is almost off her food completely, ha, ha!
mark wadsworth says:
There was a delay getting his book published because he had to re-think tactics and repackage it as ‘comedy’ rather than ‘investment’.
Stevie Dee says:
@Geed #16 Interest Rates will actually go up a quarter point in line with the ECB. That’s my prediction for this week.