ITV News this evening

ruggedtoast

Were doing a story on home values. They seem to have decided theres mileage to be had in pointing out to homeowners how much less their homes are worth than they think they are and then showing them squirming on camera.

Which is of course a terrible thing to do.

Dont expect any economic lucidity from ITV though - Chris Choy was saying something like 'some homes wont sell at any price, the problem is mortgage availability, in the States theyve just released 200 billion to try and sort this out.' Fail.

EDIT This is an ongoing story for a year btw, you can follow properties theyre monitoring on their website.

Dan:_4

ruggedtoast wrote: »

Were doing a story on home values. They seem to have decided theres mileage to be had in pointing out to homeowners how much less their homes are worth than they think they are and then showing them squirming on camera.

Which is of course a terrible thing to do.

Dont expect any economic lucidity from ITV though - Chris Choy was saying something like 'some homes wont sell at any price, the problem is mortgage availability, in the States theyve just released 200 billion to try and sort this out.' Fail.

EDIT This is an ongoing story for a year btw, you can follow properties theyre monitoring on their website.

anything to fill up the time slot....

WTF?_2

Anyone remember the 'jobs-lost-and-gained-o-meter' on the News at Ten many years back?

They totted up new jobs vs redundancies that week and came up with a nett figure of how employment was going. Not very scientific but it certainly scared the bejusus out of people.

Generali

!!!!!!? wrote: »

Anyone remember the 'jobs-lost-and-gained-o-meter' on the News at Ten many years back?

They totted up new jobs vs redundancies that week and came up with a nett figure of how employment was going. Not very scientific but it certainly scared the bejusus out of people.

The point they missed was that whilst unemployment was rising pretty quickly, the nature of employment was changing too with huge factories closing and smaller employers taking their place.

BettiePage

Central news are doing a property portfolio thing where they track the prices of 4 different properties over the next few months.


http://www.itvlocal.com/central/news/?player=CEN_News_15&void=232730


Think she forgot her high heels though

moonrakerz

ruggedtoast wrote: »

Were doing a story on home values. They seem to have decided theres mileage to be had in pointing out to homeowners how much less their homes are worth than they think they are and then showing them squirming on camera.

Which is of course a terrible thing to do.

Why is it ? if people were "squirming" on camera it just shows how little they understand about finance !

The vast majority of people sell a house then buy another to live in. If house prices halve, they get half the money the would have got on their sale - but will only pay half as much for their new house. No loss, no gain !

Most of today's money problems were caused by people thinking that because of inflated house prices that they were "rich". Of course, they didn't actually have the money, so they borrowed it !

baby_boomer

This is the link to the ITV news national survey of different properties they will be tracking over the course of a year

StevieJ

Any News channel that has a headline story about a lady who failed her driving test because she drove through a pudddle is not really worth listening to.

dopester

BettiePage wrote: »

Central news are doing a property portfolio thing where they track the prices of 4 different properties over the next few months.


http://www.itvlocal.com/central/news/?player=CEN_News_15&void=232730


Think she forgot her high heels though

What was the first woman on?? Seriously... this crash is going to beat the HPI expectations out of everyone. And smash out people like the presenter referring to the property market as a "game" and "ladder".

So for living in a flat for 8 months, she decides that she should be rewarded with a 10%+ capital gain for her brilliance.

We bought the flat in March last year (2007) for £90,000. Put it up for sale in November (2007) for £99,950. Then we had to drop it to £94,950 because it wasn't sellin. Then we decided to take it off the market then rent it out.

brit1234

Here is the link to the national news where they tell people their property is a lot less than they thought.

They are monitoring 100 properties across the country.


http://www.itv.com/News/Articles/House-prices-could-drop-a-quarter-541405866.html

brit1234