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Debate House Prices
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Krusty Allcrap comes out of hiding
Comments
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OMG this woman is clearly mental
Do I need to repeat the same old same old supply demand argument to the nations SELF STYLED Property " expert"
Actually, I thought that snippet was quite correct. Once house prices fall to affordable levels and the banks start lending again (hopefully at sensible income multiples) there will be a rush to buy properties.
There are plenty of people in here who are champing at the bit to buy once house prices come down.
We do have an ever increasing population and we do have a high divorce rate where a couple sharing 1 home suddenly become single people in 2 homes.
I'm sorry, I just don't see what is incorrect in the text you quoted.Mortgage Free in 3 Years (Apr 2007 / Currently / Δ Difference)
[strike]● Interest Only Pt: £36,924.12 / £ - - - - 1.00 / Δ £36,923.12[/strike] - Paid off! Yay!!
● Home Extension: £48,468.07 / £44,435.42 / Δ £4032.65
● Repayment Part: £64,331.11 / £59,877.15 / Δ £4453.96
Total Mortgage Debt: £149,723.30 / £104,313.57 / Δ £45,409.730 -
Well at least he or she had something nice to say about her.
So she believes prices will rise again - is she any different from those HPCers that have been calling the top of the market since 2002?0 -
Well at least he or she had something nice to say about her.
So she believes prices will rise again - is she any different from those HPCers that have been calling the top of the market since 2002?
And for all the millions trapped in negative equity I say to Krusty
SHAME ON YOUKrusty & Phil Madoff, 1990 - 2007:
"Buy now because house prices only ever go UP, UP, UP."0 -
Its my view that the main reason why our population is growing is not due to immigration per se ( although I do see a number do come- and then go, particuarly with the building/ gangmaster trade etc) but the main reason is that of an ageing population ( some of whom will be immigrants of course, as along with many of our older people buy a house in the costas to retire to) . Therefore I believe that the "demand" in property lies predominantly with an ageing population. The sort of housing that this demographic generally needs is ground floor/ bungalow/specialist ( ie wheelchair adapted- this is particularly in short supply) supported ( ie sheltered accom) / group living and care homes. I know from the company I work for, there are a LOT of care homes coming out of use. However, these dont really make muhc money do they! So what a surprie these are not built. ( in the main)
Its my professional opinion that the sort of property that is being built or certianly HAS been built over the last 4 years of me watching London property is the 1/2 bed flat variety.-and does not meet this demographic. TBF I doubt some of these will be stil standing when I hit retirment in 30 years time!
Would you in your retirement want to live in what is being Built? No, probably not.
There are a lack, IN SOME AREAS of family homes ( eg inner london) . However, when the prices do drop to a place where families/ couples about to have kids can buy into, presumably some of these families will be leaving a family sized home vacant.
The problem is , in my view that it is not that there is no demand - but a lack of demand at the prices around, and that the lack of acceptable property for THOSE WHO NEED IT is not around. I dont tihnk we are going to see the sort of demand start up again for all these mothballed developments we see all over the place- do you? ? ( unless HAs buy them and rent them out on affordable schemes for the homeless):beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0 -
Well at least he or she had something nice to say about her.
So she believes prices will rise again - is she any different from those HPCers that have been calling the top of the market since 2002?
That's a fair point, however 'the property rampers' get a hell of a lot more airtime in the press and the TV than any of the HPC'rs. To be honest which ever side of the fence you are on, more balance is required in the media and it would be benificial to most people if there was
A small example was last night on the 6 o clock news. No mention of the Nationwide figures of 14.61% drop in prices, yet the night before mortgage approvals going up from a laughably 32,000 to 33,000 was given quite a bit of time (even though their was less days in September and so in actual fact approvals fell, thats another story though)
It's this perceived idea that rising prices is a good thing, when for most of the population it either makes no difference or is a bad thing.0 -
'Expert' Allsopp clearly has a vested interest in prices remaining high and a deeply flawed understanding of market cycles and basic economics. In short, she talks rubbish and the fact that the Tories have her as their Housing Spokesperson means they won't be getting my vote at the next election.0
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The Sun and Kirsty are well matched. Kirsty has zero knowledge of Economics much like the Sun's readership
P.S. How long before the Sun asks Kirsty to get them out for the lads on Page 3 :rotfl:0 -
Yeah i noticed Krusty it the Sun today. If i did not like her before i certainly do not now.
A worried reader (or journalist - which ever) asks that he or she is worried about negative equity. She then more or less completley ignores this and goes on how she bought and suffered NE (surely a property expert could not manage this?) and gives an essay on how well she did and made a profit after a few years on the same property. I am sure this does not help the person in anyway possible?! Her drivel about supply and demand is correct is some ways but this will not cause sky-high lending - this is the reason for massive price increases and it will not matter if there is one home for 25 people - if the banks will not lend no-one can have it.
Someone mentioned she is ramping the market up and they are spot on - to keep her in demand no doubt and pretend everything will fine in a few months.
Kirsty - Follow me sheeple - lets ramp those prices up.......rampety ramp, ramp......0 -
It's shocking that an ignoramus like Kirsty has been allowed to rise to prominence and was actually some sort of housing adviser to the Tories at one point! If this isn't an indication of dumbed-down Britain I don't know what is
How about an ignoramus like Jonathon Ross 'earning' £6M of our money per year?
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0
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