Tuesday, September 2, 2008

Well its all hunky dory according to Aunty BEEB

Home buyers weigh up aid measures

Looks like the BBC has been out getting the unbiased opinion of people who would vote Labour even if told to jump off a cliff. Nice solid BBC unbiased reporting as usual. When are we going to ditch this propaganda organ of the Labour Politburo.

Posted by last_days_of_disco @ 12:48 PM (1776 views)
Please complete the required fields.



19 thoughts on “Well its all hunky dory according to Aunty BEEB

  • Oh give it a rest. I think your tinfoil hat has slipped off.

    Reply
    Please complete the required fields.



  • That’s not how I read the article. Mind you, I was blinded by the utter fecklessness of the first couple, borrowing 4 and a bit times COMBINED salary for a >100% mortgage from Northern Rock and who then skip mortgage payments to afford Christmas presents. For each other, mind, no kids.

    What utter idiots. Sorry to get all Daily Mail about it, but seriously. My tax money to support this pair of Kerry Katona and Peter Andre wannabes, who pushed up house prices for anyone who was actually being prudent and saving a deposit? Do one. Do one immediately.

    Reply
    Please complete the required fields.



  • NEWS FLASH…Government pisses in the Ocean, Flood warnings

    Reply
    Please complete the required fields.



  • James @2 the first couple isn’t too bad. Look the last one – 21 old nurse on £22,500 salary bought a blxxdy £210,000 flat, nearly 10 times of her salary. And she think she is in a good position!

    Reply
    Please complete the required fields.



  • Ah, but she did get a key-worker deal at least and repayment / rent is only £320 pm – relatively far more affordable than the heat wannabes. Plus – she’s a rather fruity nurse, so difficult to summon the wrath the first one does.

    Reply
    Please complete the required fields.



  • The couple have a combined salary of £30,000 and mortgage repayments of £800 a month.
    According to a PAYE calculator, assuming they earn £18,000 and £12,000 each, that makes £1,168 and £823 each which is £1,991 total. So after mortgage repayments they have £1,191 a month to live on, or nearly £600 each. Yep, life must be tough* for them…..

    Have they considered selling the car and getting a bus pass? After the house, the car is most people’s single biggest expense.

    *heavy sarcasm

    Reply
    Please complete the required fields.



  • On 1 o’clock news BBC business correspondent was reporting that estate agents have been on to him already saying clients in the £180-200,000 price range are furious at the govt for effectively forcing a significant price reduction on them overnight…

    Could kickstart the market alright…in just the direction we want.

    Reply
    Please complete the required fields.



  • Oh my gaawd… they can’t even go on Holiday…..seriously Gordon…..SOMETHING MUST BE DONE!!!

    Reply
    Please complete the required fields.



  • hash Browne said:
    >>Oh my gaawd… they can’t even go on Holiday…..seriously Gordon…..SOMETHING MUST BE DONE!!!

    That’s right! They just don’t know they’re born these days, don’t know they’re born.
    When I bought my first gaff when I was 18 I ate nothing but sticks dipped in salt for a whole year.

    Reply
    Please complete the required fields.



  • Still-waiting says:

    @ peter_2008: She actually spent 5 times her salary on half a house worth 210,000, so she’s only in for 105,000. The housing association owns the other half and rents it out to her. The rent will remain at the same level if the house price falls.

    Reply
    Please complete the required fields.



  • crash bandicoot says:

    Jayk,

    “Why don’t you cut the snide sarcasm and start debating points head on?”

    “I think I know enough about your thinking now to know that you dislike those who do not toe the line you stick to with such rigidty.”

    Those are your words not mine…………………

    Reply
    Please complete the required fields.



  • denzil @7

    Absolutely right.

    Like you, when I bought my first house I lived a very frugal existence for a couple of years – it was what most people expected to do. Now the expectation is; new house, fully furnished, new car, plasma tv, foreign holidays etc – all on credit!!!

    I say: bring back Monty Python and the Brown Paper Bag.

    Reply
    Please complete the required fields.



  • The sad thing is that these plans sound so reasonable and sensible – but in reality they are not even just short term attempts at political popularity, they are actually utterly toxic.

    The central problem in the UK economy is that it contains excessive levels of debt – both personal debt and government debt. The problems with the government debt have not yet become noticeable (but they will), but the problems with personal debt are becoming very clear.

    Until recently personal debt in the form of mortgages was hidden by inflated property prices (which were only able to rise to such heights because of cheap and easy loans).

    Attempts to prop up over-priced houses by the government ‘buying them’ to rent them back to their former owners will mean two things. First, the taxpayer will effectively have to pay above market price for these houses, which means that eventually taxes will have to rise. Second, new home buyers will have to buy into an inflated market thereby incurring excessive debt. On both counts it is a morally reprehensible policy.

    Finally, history teaches us that attempts to artificially maintain unrealistic prices at best delay the inevitable and at worst end up making the problem much worse.

    I’m sorry to say it – but the UK must go through a painful adjustment. There are no genuine ‘quick fixes’ available.

    Reply
    Please complete the required fields.



  • Watched both BBC and ITV news this lunchtime. To be fair, both did comment/ask, in various ways, if it was sensible for the government to encourage people to buy into a falling market. However, ITV coverage apperared much more bearish to me, with commentators saying these measures won’t have much impact.

    I think it’s important to take account of the messages that the masses (who aren’t as interested as us about the intricate details of the market) are hearing – because that is what drives the dinner party talk, and the mood of the market. We can deride the VI representation of the Daily Excuse, Brown Broadcasting Corporation, Krusty & Co etc as much as we like on here (reading it keeps me amused for hours!!!!) but I am aware that how they discuss property is regarded as gospel by your average man on the street. They read their chosen rag for a reason…because they believe in it, and identify with it. I’ve been telling friends for over a year that house prices were going to fall, but they thought little old me was off my rocker!!! Because it wasn’t front page news.

    A simple change in media language from “house prices dive” or “property market slumps” to “house prices becoming more affordable” and “property market recovering from unsustainable price rises” will gradually change people’s perspectives. I feel the mood of the media has changed over the past few months, from one of denial, to acceptance that a ‘correction’ is happening – and more recently that it will be in the form of a large, sustained fall in values – and that this isn’t a bad thing, as reported in the Times today (as posted by somebody earlier this morning). The ‘experts’ lag behind the economic indictors, media lag behind the experts, and the sheeple lag behind the media – takes a while for the message to get out, and finally believed and accepted by all.

    Personally, I think the faster we get to the bottom of the bust cycle, the better (erm… don’t know what effect this would have on the banks’ balance sheets, business viability etc. though – I’m not an economist and I expect some of you might like to comment on the potential economic fallout) but as far as the housing market is concerned, the inevitable is happening and the quicker values return to normal, the quicker the market will revive. The government’s tinkering will either have no effect, or prolong falls over a longer period of time, sucking in a few hapless individuals who get suckered in, and used to prop thing up for a few months more.

    Reply
    Please complete the required fields.



  • to all the ones that think that now they can afford a home and they could not before.
    you are wrong now you have less probabilities to affor one! considering you might loose your job also.
    ahahahaha

    Reply
    Please complete the required fields.



  • Bandicoot, go and play your little antagonistic games elsewhere. Trolling is for children and I will not take a lecture on etiquette from the likes of you.

    Reply
    Please complete the required fields.



  • Jayk, are you saying that the BBC is not biased or that people are being silly and paranoid for thinking the BBC is biased?

    Reply
    Please complete the required fields.



  • Paul,

    Whatever the political views of the journalists and organisation as a whole (which I have already conceded previously are very obviously largely – but not exclusively – aligned to the far left), I think that talk of only Labour voters being interviewed and notions of the BBC being the “propaganda organ of the Labour Politburo” are immature, stupid and very pathetic. I know the difference between a contrasting view based on evidence and reason, and a crankish view based on paranoa and irrationality. Look at the way the rubric was worded: does this language fill you with confidence that the author thinks sensibly, calmly and rationally? What next? “Reds Under The Bed!”?

    By the way, precisely who has an unbiased view of the housing market? We certainly don’t! Everyone has a view and everyone has their reasons why think thing “X” or “Y” about HPI. So who should the BBC have interviewed about the UK housing market? Parisians?

    Reply
    Please complete the required fields.



  • Denzil,

    Salt ! You had salt !

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>