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Did anyone watch BBC's Newsnight last night?
Sapphire
Posts: 4,269 Forumite
Rampant property spin by two VIs (a property developer and estate agent), preceded by Yvette Cooper.
Cooper was incoherent as usual. For example, when asked whether the government wanted to see a return of the type of lending that existed in 2007, she again avoided answering by saying that the house prices actually slowed in August 2007. How on earth did the woman ever get a government position?
The two VIs – the property developer was someone who used to appear on a property !!!!!! programme – said what would be expected from such people. There was no balanced coverage of the matter. I was incandescent with rage. :mad: So much for the independence of the BBC.
It seems to me that wanting to inflate house prices even more, and to be so reliant on massive housing debt, is complete madness, which would eventually (soon) trigger another crisis, one that would be even worse than the current situation.
Can the government actually force the nationalized banks to offer mortgages of the kind that were being offered at the height of the boom? What would that do to the independent building societies and banks? Would they have to be nationalized as well because they would lose business?
Cooper was incoherent as usual. For example, when asked whether the government wanted to see a return of the type of lending that existed in 2007, she again avoided answering by saying that the house prices actually slowed in August 2007. How on earth did the woman ever get a government position?
The two VIs – the property developer was someone who used to appear on a property !!!!!! programme – said what would be expected from such people. There was no balanced coverage of the matter. I was incandescent with rage. :mad: So much for the independence of the BBC.
It seems to me that wanting to inflate house prices even more, and to be so reliant on massive housing debt, is complete madness, which would eventually (soon) trigger another crisis, one that would be even worse than the current situation.
Can the government actually force the nationalized banks to offer mortgages of the kind that were being offered at the height of the boom? What would that do to the independent building societies and banks? Would they have to be nationalized as well because they would lose business?
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Comments
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I've not watched newsnight for a long time, but the opinions of it on the various blogs are negative. I'm not a fan of conspiracy theories, but the bbc do seem to take odd editorial decisions.Happy chappy0
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The EA was hilarious
"Property price falls are the first sign of recovery"
:rotfl: :rotfl: :rotfl:Politics is not the art of the possible. It consists of choosing between the disastrous and the unpalatable. J. K. Galbraith0 -
Sir_Humphrey wrote: »The EA was hilarious
"Property price falls are the first sign of recovery"
:rotfl: :rotfl: :rotfl:
That's why I haven't taken any notice of the news since about 2001.
MSE is a better source of well balanced and informative news. And it's an anonymous internet forum!
It really should be illegal, especially from the BBC. But then misinformation and propoganda is not a new theory to the government (into which I include the BBC). I belive a certain A Hitler introduced them to it's potential for mass mind control some years back :rotfl:I'll have some cheese please, bob.0 -
I' ve heard alot about it, absolute one sided crap by all accounts. Glad really that I missed it as I have a 50' plasma that wouldn't have looked to good with a fist through it;)0
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Yeah, Cooper gave the impression that the 'plan' was just to restore lending to the crazy levels of the peak and prop house prices up. Just crazy.
The only thing more scary than greedy bankers dictating the course of the economy is stupid, clueless politicians.
Plus, those two planks on after her - the Irish property developer and London EA could have been reading a script taken right from our resident trolls here...... :rolleyes2--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
That's why I haven't taken any notice of the news since about 2001.
MSE is a better source of well balanced and informative news. And it's an anonymous internet forum!
It really should be illegal, especially from the BBC. But then misinformation and propoganda is not a new theory to the government (into which I include the BBC). I belive a certain A Hitler introduced them to it's potential for mass mind control some years back :rotfl:
And he ensured that as many household as possible had a wireless to listen to that propoganda!
The BBC have a poor track record on telling the truth!0 -
I see that everyone here missed the bit on Newsnight with the Roger Bootle interview where he reckoned prices would fall 30-40%.
Selective criticism of the beeb here I think.Politics is not the art of the possible. It consists of choosing between the disastrous and the unpalatable. J. K. Galbraith0 -
Sir_Humphrey wrote: »I see that everyone here missed the bit on Newsnight with the Roger Bootle interview where he reckoned prices would fall 30-40%.
Selective criticism of the beeb here I think.
No, we're just commenting on the stupidity of Cooper and the two VI tools which was quite staggering and provided unintentionally hilarious entertainment.
I thought the presenter did a good job of ridiculing them, but he could have went for the jugular especially with clueless Cooper.
The Bootle interview was good stuff but not really remarkable in the way that the car-crash TV HPI cheerleading team was......
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Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
the thing is people are believing it!!! my father in law came round yesterday and said that we had reached bottom and the only way was up.....i used language that made him go red and then asked him to bet me £5grand as i always do to the idiots and it always shuts them up...never had a taker yet...anyone willing to bet i will bet that house prices will be going down for the next year at least...or 4 or tenIt is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
Sir_Humphrey wrote: »I see that everyone here missed the bit on Newsnight with the Roger Bootle interview where he reckoned prices would fall 30-40%.
Selective criticism of the beeb here I think.
Was that in 2001 or 2002?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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