Phil & Krusty Back on Our Screens

fatpig_2

Generali wrote: »

. Some fat bird doesn't get up on TV and say "Buy mountains"

.

Fair enough but there's no need to get personal about Kirsty Alsopp

Generali

fatpig wrote: »

Fair enough but there's no need to get personal about Kirsty Alsopp

I didn't mention a name in the post. If you tale the words 'bird' and 'fat' and associate them with a famous TV presenter then well*........







*Yes I am being disingenuous but then I am trying to stick up for her in a funny sort of way.

Entertainer

Jaw dropping stuff.

Some of the highlights:-

We had FTBer Claudia who was absolutely determined to buy her flat come what may. You could have told her it was about to have an airport runway built through it and she would have still bought.

Apparently, according to Allbroke she was, and these are verbatim quotes,

"Under huge pressure to buy" and "Claudia risks losing everything if she doesn't buy now." Later she adds, "if she doesn't act now she loses everything, it really is now or never!"

So she buys an ex council wreck in Stockwell, South London (she wants to live in North London naturally) on offer at £235k "at the top end of my budget." She makes an offer of £223k and the Frumpster says "it's a great deal!"

The we have the RAF engineer and family who can't sell their house so decide they want to buy another house (with a mortgage) and rent the first one out. All in a falling market. So Phil helps them in the quest for "the family home they badly need to find" in his words.

Apparently also according to Frumpo prices have fallen 7.8% in the last year and are back to 2006 levels!! Amazing. So the 29.6% falls in auction prices are...... what... someone put a decimal point in the wrong place maybe?

I have clashed with Brit in the past over his glee and schadenfreude at the misfortune of property investors but even I am beginning to see his point when I watch this insanity.

Being serious for a moment, the problem with all this is that Channel 4 are publically owned and have a public service remit. Even now, where was the person pointing out how overvalued property was and still is? Where were the wealth warnings in the last few years in all these property shows saying that prices could go down and that property was very expensive historically??? Same goes for the BBC. They showed these programmes about investing in property as well. Not one person was putting the counter argument. And all paid for by the involuntary tax of the licence fee.:mad:

ad9898_3

Well I didn't watch it, I booked for some colonic irrigation instead. Having read most of the posts it looks like it was very informative:D. The good thing is by the sounds of it they have lost even more credibilty, if that was possible.

dopester

Entertainer wrote: »

The we have the RAF engineer and family who can't sell their house so decide they want to buy another house (with a mortgage) and rent the first one out. All in a falling market. So Phil helps them in the quest for "the family home they badly need to find" in his words.

They do pass themselves off as property professionals, and I believe they do a very poor job at it, if they can standby, in mid 2008 as they film a new series, in a crashing market, with banks going under and clear market fears over others struggling, and not make clear some of the obvious risks to individuals involved and the viewing public.

The risk being of unemployment rising, not being able to get a tenant, rental values falling, wages falling... not being able to cover your first mortgage on a home you a renting out - whilst increased risk of RAF cutting back as well, either in manpower or investment or on wages.

Channel 4: Phil Spencer's biography.

As a recognised and respected property professional, Phil’s experience of business and presenting, coupled with a warm and engaging manner, have also made him a popular corporate choice with clients including British Gas, HM Land Registry, and Norwich Union.

dopester

And just a taster of the future in today's news for our economy-blinkered property experts.

http://www.dailymail.co.uk/money/article-1086883/CITY-FOCUS-Defence-funding-firing-line.html

Defence funding in the firing line

By Karl West
Last updated at 11:23 PM on 17th November 2008

Britain's defence companies are again in a dogfight with the Ministry of Defence after it ordered a crackdown on spending.

General Sir Kevin O'Donoghue, the man in charge of the £16billion-a-year equipment budget, has made it clear in an internal memo there will be no money for new projects and that existing programmes are not to be given additional funding.

The clampdown comes as the MoD is wrestling with a £2billion-a-year shortfall in the defence budget.

Number 11's crackdown on defence spending comes as the government has nationalised two of Britain's lenders, and the taxpayer has bailed out the country's banking system to the tune of £500billion. Defence firms have seen the spending crunch coming.

MissMoneypenny

sjaypink wrote: »

kirsty: i typed in 'kirsty allsop fault' into the internet

phil to kirsty: what did you find?

kirsty to phil: some very strong stuff..... :rotfl:

I just googled "Kirsty Allsop" fault and on the first page, this thread came up:eek::D

Krusty Allcrap comes out of hiding
http://forums.moneysavingexpert.com/showthread.html?t=1247485

dopester

Sure. Lenders are now going to be more than happy to lend on wafer thin profit margins and a collapsing economy that is being taken in to a deflationary vortex after 11 years of massive and unsustainable credit-expansion that has led to banks failing.

Location Location Location: a Survival Guide

Last Updated: 12:01am GMT 15/11/2008

But even since the fast-turnaround special was made, there’s been a crucial shift in the mortgage market thanks to the Bank of England’s massive cutting of interest rates, a step which Allsopp thinks may mean we’re nearing the bottom of the property price plunge. But the pair believe their advice is far-sighted enough to still be valid.

Spencer believes the upturn in the property market will be as fast as the downturn was, due to the shortfall of new housing being built in relation to demand, a shortfall that is only going to be getting worse while the market remains static – meaning prices will shoot up on existing properties once credit becomes available again.

And Allsopp doesn’t think the crash is as bad as everyone’s been saying it is anyway. ‘[A couple of weeks ago] the Land Registry said prices had dropped year on year [July 2007 to July 2008] by eight per cent. That’s much less than you think because the headlines have been screaming the worst possible figures. I went through the papers the other day and the variations in predicted market drops went from five per cent to 35 per cent – a difference so vast it makes the predictions meaningless.’

Allsopp, you feel, has some right to have a go at the press, since property programmes have been blamed by the media – most notably, BBC business editor Robert Peston – for overinflating the property bubble. One newspaper accused Location’s stablemate, Property Ladder, of making developers think they can ‘do [a house] up and flog it on for what they confidently expect will be a massive profit…’. Although, since Location advises people on buying homes to live in themselves, it can scarcely be accused of that fault.

http://www.telegraph.co.uk/arts/main.jhtml?xml=/arts/2008/11/15/nosplit/bvtvsunfeat15.xml

Gen, go tell the RAF engineer, or others, when they meet the deflationary changing conditions, even from their advice at 2008, that these experts have no blame to be attributed to, in not pointing out many obvious risks.

baby_boomer

bo_drinker wrote: »

Mrs. Krustys been on the pies as well....... probably why we don't see too much of her (fuller figure)

I didn't see the programme, but I thought she'd lost at least two stone on 31st October.

Sun picture of Krusty

Or was that just a bit of helpful airbrushing ?

brit1234 wrote: »

They were even telling people it was pointless to wait for prices to fall further and that prices would start rissing in the next few months.:eek:

Quotes like this will surely see them off our screens in time.

They're haven't noticed the changed world banking situation and coming recession. For them it's a direct correllation between interest rates and housing prices - just like it's been for their entire brief careers.

ianian99

beegee123 wrote: »

Location Location Location: A Survival Guide

Channel 4, Monday, 9.00pm.

Wonder if they'll apologise

apologise for what? people being stupid?