Monday, July 6, 2009

Still Way Overvalued

House Prices 04 July 2009

"We speak to Ray Boulger, technical director of mortgage brokers John Charcol and Andrew Oxlade, editor of thisismoney.co.uk."

Posted by doomwatch @ 12:00 PM (914 views)
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5 thoughts on “Still Way Overvalued

  • Wernerburger says:

    What is this obsession of Ray Boulger et al with absolute interest rates? So what if interest rates were 15% in the 1970’s; the position that should be considered is a relative one. Mortgage company interest rates only have to rise to 8% to double repayments. Not may people have that sort of money over at the end of every month at present. On top of that add in rising taxes and reduced incomes and the deflationary effect on property will be severe.

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  • Ray Boulger seems to have a rose tinted spectacle view of the housing market. He was wrong in 2007. I wonder if he’s wrong now.
    Check out this link from April 2007 http://news.bbc.co.uk/1/hi/business/6549299.stm

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  • Acceleratorhams says:

    Why is `Bulgy` Bougler still wheeled out as an expert? He is essentially just someone with a vested interest in house prices going up.

    If you listen to this recording he clearly states that in `his view`, the market has bottomed. Let`s watch over the coming months and years as the housing market continues to significantly decline and remind the BBC that he should get no more airtime

    Sorry, but I`ve had enough of these rampers!!!!!!!!!!!

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  • Here is another 2007 Ray boulger link where he gives an opinion.
    http://www.metro.co.uk/news/article.html?in_article_id=66608&in_page_id=34

    “But Ray Boulger, senior technical manager at John Charcol, said there were unlikely to be house price falls,
    adding that the problems in the credit markets could be good for house price inflation in the long run. “

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  • gone-to-colombia says:

    The VI guy says prices have bottomed out, fat chance.

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