Wednesday, October 6, 2010

JD at his best

Will house prices continue to fall ?

Northern Ireland EA given a lashing of facts.

Posted by doomwatch @ 12:07 AM (2472 views)
Please complete the required fields.



20 thoughts on “JD at his best

  • Doomwatch,

    Thanks for posting. The ‘mania’ (as Financial Planner calls it) is horribly exposed here. I’m not sure about the relevance to the UK mainlaind but there is a lesson here.

    Reply
    Please complete the required fields.



  • Estate Agents have been “unreasonably optimistic” about house prices in the period after the banking crisis.

    Thanks for getting that message out, Jonathan.

    Reply
    Please complete the required fields.



  • I think the reason why JD is so annoyed is that he has been denied his house price crash, by a currency being inflated – to give the appearance of prosperity. Same old trick by BOE…..

    Reply
    Please complete the required fields.



  • WSJ – Europe was encouraging governments to do a bit more currency inflation this morning. The governments of the world may yet save house prices – but at the cost of a £10 loaf of bread!

    No way the MPC will raise IRs this week!

    Reply
    Please complete the required fields.



  • No way the MPC will raise IRs this week!

    Or even this year…Not if they are talking about more QE

    Reply
    Please complete the required fields.



  • This guy is a terrible ambassador for the house price campaign. He is entirely devoid of charm and he frequently lapses into bouts of rage and incoherence. His message is always drowned out by his appalling manners and by way of contrast, he manages to make his protagonists seem calm, reasonable and measured. I wish someone would tell him that the radio stations are using him. Obviously he is an expert on house prices but that’s not why the radios invite him on. They know that his ‘man on the edge’ behaviour will get the audience more emotionally engaged. Unfortunately the majority of listeners will automatically dislike him and therefore discount his message. Many people in his position, take a mild sedative to knock the rough edges of their performance. I once had a colleague who was notorious for his rage and hyperactivity. Before every meeting he’s pop a few tranquillisers. His customers used to think that he was a ‘go to’ man in times of crisis. When the pills wore off he’d revert to type and start throwing office chairs. If drugs are a no go area, then he could try a bit of coaching.

    Reply
    Please complete the required fields.



  • ‘Houses are not an investment.’

    Correction, they never used to be.

    Reply
    Please complete the required fields.



  • Honestly, hands up, how many of you actually listened to that ?

    I’ve commented before that on a particular show JD had come across as a bit hysterical and that it probably hadn’t done his arguement any favours.

    This is an Irish radio phone in.

    His debator in this instance was billed as a member of RICS (vested interst I here you say, but a Chartered Surveyor would be taken seriously by the public).

    JD’s opener was to get this RICS representative to also fess up to his actual job – An Estate Agent. Which it turns out he was.

    It’s probably no coincidence the radio host has lost a fortune in property (no doubt as an investor cheered on by the likes of this Estate Agent posing as a Chartered Surveyor member of RICS).
    (As a side issue should RICS members be marketing property when they are also involved in valuations for lenders ? I think a line is being more than crossed here).

    JD’s performance was robust, I can’t say completely calm, but entusiastic in delivery.

    It wasn’t over the top and he has obviously got his message over to the listeners in Ireland who have now seen the actual falls.

    BTW the ‘RICS (Estate Agent) also started off by saying that the market was settling down and now becoming affordable – this despite the fact that RICS headline is that Northern Ireland is incredibly susceptable to the forthcoming government cuts due to the number of Civil Servants there.

    I’d say a good performance from JD who had done his homework.

    I do think the calmer approach works better with an English audience who aren’t so (call a spade a spade) as the Irish.

    Keep it up FP, I’m sure you’ll read this.

    Flashman – I take it you’re joking that someone wuld take a tranquilliser before going into a debate, where you would assume brain power was required ?

    Reply
    Please complete the required fields.



  • The Masked Tulip says:

    You have to laugh at this – it is cracking entertainment.

    I am glad that Jonathan has learnt to stop the shouting but he needs to get more short sound-bites in IMPO.

    Very good – such a shame this is not more UK widespread.

    Reply
    Please complete the required fields.



  • I’d say a good performance from JD who had done his homework.

    It isn’t what he says so much as the delivery. I agree with Flash; the danger is that he comes across as someone who is angry because they are wrong.

    Reply
    Please complete the required fields.



  • tyrellcorporation says:

    I quite liked the phone-in, all good fun and it peeled away the insanity of the boom in NI.

    Flash. ‘Unfortunately the majority of listeners will automatically dislike him’. I think nearly all the people who phoned in to the show actually supported JDs views. I see little evidence people automatically disliked him.

    Reply
    Please complete the required fields.



  • hpwatcher

    He’s more excitable than say an accountant, but maybe that’s what gets him exposure in the first place.

    But having listened to this I would say it was definately more coherent and calm compared to one I heard him on a couple of months ago.

    I thoght he came across pretty well, not politician like, but he answered all cases put against well and discredited his fellow debator and his fellow debators arguement well, through initially having done his homework. (ie finding out the other debator was in actual fact an estate agent).

    From that moment on (the beginning) the other debator was on the back foot.

    The property investing DJ was shown up for the thick property spiv we all dispise, who ‘never saw it coming’. Fortunately for him he no doubt earns enough money to bail himself out of his own greedy mess.

    Reply
    Please complete the required fields.



  • The thing I found interesting [actually hilarious given the context] was that the presenter has
    had JD on his show over the last few years, more or less as the “loony that thinks house prices will crash”, not
    listened to a word he’s said. Instead he’s believed estate agents and lost a fortune in property “investments”.

    According to wikipedia, he’s got a degree in business studies.

    Greed truly is blind then.

    Reply
    Please complete the required fields.



  • that was excellent – I just wish they could hear my shouted comments!! JD got a lot of support. Just a shame that when the caller accused him of being negative and depressing the young people he didnt just point out that low house prices are good for the younger generation. What is negative about lower house prices?

    Also the report seemed to cut off suddenly. I wanted it to carry on. Lots of EA bashing and telling the presenter who lost a load of cash by speculating in the market (even though the EA now tries taking the tack that “a house is a home not an investment”!!!) to suck it up.

    Classic. Can’t wait til we start having shows like that over here. I hope JD rides the wave, and becomes the UKs Warren Buffet

    Reply
    Please complete the required fields.



  • He’s more excitable than say an accountant, but maybe that’s what gets him exposure in the first place.

    But having listened to this I would say it was definately more coherent and calm compared to one I heard him on a couple of months ago.

    I just think that people just won’t listen to him if he is getting emotional and/or annoyed. He just sounds mad.

    Reply
    Please complete the required fields.



  • hpwatcher

    Maybe I’m getting used to him, but he really didn’t sound mad to me.

    doomwatch

    Fantastic, A DJ with a degree in business studies. And in his words ”I didn’t see it coming”. What a total idiot.

    Reply
    Please complete the required fields.



  • Im new to this whole thing, listened and was completly engaged and enlightened by what that man said and also very appreciative. It didnt bother me that his delivery was emotional, he gave that EA a good battering so its alright with me

    Reply
    Please complete the required fields.



  • str: He was inappropriately fired up from the opening bell. His voice was raised and he was immediately jabbing an accusation. He was embarrassingly eager to expose the surveyor as a vested interest estate agent, which is a little rich from someone who started HPC and profited from it. It’s best to start slowly and pick your moments to be indignant, otherwise you devalue the moments when you really want to make a point. I would not suggest that most people should take a sedative in similar circumstances but he was clearly agitated and to my ears, a little unhinged, before the debate even got going. He needs to learn to “Speak softly and carry a big stick”. The surveyor/estate agent did not have the tools or the desire to get at him but he would be easy meat for a better opponent. I can imagine him being forcibly escorted off a show if someone deliberately pushed his buttons.

    Reply
    Please complete the required fields.



  • Flashman

    ” I can imagine him being forcibly escorted off a show if someone deliberately pushed his buttons.”

    Ok that’s funny.LOL.

    FP hope you’re reading, you do need to get English people on side aswell.

    Reply
    Please complete the required fields.



  • Not listened but will do… in the meantime here is an exchange on here where FP made an apperance a few weeks back:

    This is what i asked him:

    “Fp i dont know if you wish to comment on this but i have been curious as to why you thought the stock markets would go up from circa march 09, but didnt say that the housing markets would follow. to me – as i have said on here before – that (admitting that res property would prob bounce) would have greatly increased your credibility. [not to mention being able to give it to peter bolton estate agent – between the eyes].

    i can think of a few reasons:

    1. you thought they would go up but didnt think they would go up for very long. A skeleton cat bounce if you like. so thought it best to maintain your position.

    2. you thought that going to the long side would actually affect people and be a contributory factor in the bounce.

    3. you thought res property was to illiquid to have the gains.

    4. you really did believe that res property as an asset class would be different to the stock markets and that therefore they would diverge.”

    and this was his reply

    “Re 2009 – st mkts move far quicker than property. I was far more confident of st movement in st mkt than st movement in prop. Note I prefer to forecast HPS for years rather than calendar year. twitter/jonathandaviswm”

    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>