Phil & Krusty Back on Our Screens

morg_monster

Hey i just got round to reading the Sunday Times home supplement today at breakfast, and Phil had an article in it about the show (sorry if anyone has already mentioned this, I read the first 6 or so pages of this thread...). In it, it said the RAF family already had 2 houses - the one they were living in, and another on the same street they were letting out - I'm sure they didn't mention that in the show, just said they had one already? So no wonder they were getting cold feet - potentially having THREE mortgages to pay!

There is also a nice big photo of the evil twins in there too. Might be useful for designing next year's trick or treat costume.

harry_w

morg_monster wrote: »

Hey i just got round to reading the Sunday Times home supplement today at breakfast, and Phil had an article in it about the show (sorry if anyone has already mentioned this, I read the first 6 or so pages of this thread...). In it, it said the RAF family already had 2 houses - the one they were living in, and another on the same street they were letting out - I'm sure they didn't mention that in the show, just said they had one already? So no wonder they were getting cold feet - potentially having THREE mortgages to pay!

There is also a nice big photo of the evil twins in there too. Might be useful for designing next year's trick or treat costume.

Interesting that the programme didn't actually present a true picture of the family's housing circumstances.

I'd imagine they programmers thought their 'survival guide' would look better if they appeared to be helping a struggling family rather than a couple of BTLers with ambitions to expand their portfolio to finance their own move 'up the ladder'.

The July podcast above has a contribution from Reinhard Schu of Berlin Property Investments, who tells how he was featured on London Tonight in 2004 along with housepricecrash.co.uk, and how they were criticised by Kirsty (appearing as the shows 'property guru').

More details, and even a video of the piece is over there:

HPC on TV! London Tonight with Kirstie Alsopp emotional outburst
Aug 20 2004, 10:51 PM
The London Tonight interview was broadcast on ITV with LIVE comment from Kirstie Allsopp.

If you missed it, dont worry here's the video (WMV - 4.499 MB).
....and here's our Press Release in response to Kirstie's comments...

Schu is linked to housepricecrash.co.uk, they've been predicting crash (and acting accordingly since 2004, a long time, but just before the jitters of 2005). More on Schu here:
Ft Article: Spins In Need Of A Doctor, HPC IS THERE!!


I have seen the future, and it is led by close-knit groups of financial advisors doing battle with one another, recruiting through the media and deploying their legions in the market.

This really is a case of bulls vs bears.

fatpig_2

Cannon_Fodder wrote: »

Everyone should put their comments on;

http://www.channel4.com/4homes/property-money/housing-market-news-views/kirstie-and-phil-on-house-prices-and-the-credit-crunch-08-11-17_p_1.html

I thought the funniest comment was from the mug who said he had bought kirsty's book previously and had been a great fan but was now a bit disappointed in her!

lynzpower

his show was very disappointing. I've been a fan of P&K for years, I enjoyed their shows, I even bought their book; How To Buy A House. I don't blame them for the advice they've given over the years. I didn't think prices would crash, so I can respect that they didn't they would either. However last nights episode left me quite angry. The dogs on the street know now that prices are crashing so a lot on this show was very irresponsible. Showing year on year prices from Apr 07 - 08 was purposefully misleading. Showing a time period which included rises in the early part of that period gave a skewed picture of the current situation. There was no proper discussion of what alternatives any of the participants had in lieu of buying. The case with the young woman, Claudia, was baffling. The reasons given for her to buy now "as she may miss her chance" were entirely spurious. If P&K had come out and said prices are falling, lets look at all the options. But after that if the participants were still adamant about buying, then P&K should have been helping them to look at everything out there and driving a hard bargain (as Phil later did with the two couples). Then shown them auction options, and even rentals available. It would have been a good, honest show. But what was shown was dangerous nonsense. You've lost a fan.

No fatpig

The funniest bit is in fact :

I don't blame them for the advice they've given over the years. I didn't think prices would crash, so I can respect that they didn't they would either.

hhaah you are joking. Even "non experts & non gurus on here and HPC have seen this one coming even reporters in mainstream press worried about the boom last year. There is NO EXCUSE WHATSOEVER for them not knowing apart from pure stupidity.

Would you like fries with that hat Kirstie?

GracieP

fatpig wrote: »

I thought the funniest comment was from the mug who said he had bought kirsty's book previously and had been a great fan but was now a bit disappointed in her!

I actually think that's the most relevant comment in terms of influencing C4 or the LLL team. It's pretty obvious that the bulk of the comments are made by people who have been predicting the crash for a long time and would never have liked Location. But this is by somebody who actually liked the show and trusted the presenters and is now very angry at them. If I was working for LLL this is the type of person I'd be most concerned about, as losing existing fans means a loss of ratings.

baby_boomer

Market Oracle

"Kirstie and Phil self professed property experts make a return to the UK's TV screens with a more muted version of their long standing delusionally bullish UK property candy floss show :rotfl: :j:rotfl: titled location, location, location that helped feed the get on the property ladder frenzy of the last few years.
Finally, Kirstie has been forced to recognise the fact that house prices can actually fall which follows earlier near religiously opinionated programming that fed on and reinforced the fervour that gripped much of the country as annual house prices roared ahead every month by more than that which people earned in wages, that house prices are a one way bet.

The credit crash is clearly leaving the presenters in an air of frustration that the wood be buyers are in increasing numbers failing to act on their suggestions of buying found properties as people increasingly realise the risks of buying into a crashing UK housing market. Kirstie is still not getting the message that no matter how much you want house prices to rise, you can't talk up the market. But still the impression is that the presenters desperately want the potential buyers to BUY the located properties upon which the programme still hinges, when most are not wanting to once they do the sums away from the glare of the TV cameras, that BUYING does NOT stack up.... and concluded that house prices need to rise by more than 2% per annum to beat renting, anything else and buyers lose money......"

Corals

I personally find it ridiculous that you could even contemplate blaming two people just presenting a property programme, albeit they may claim to be property experts, but everyone who has taken out mortgages in the last 7 - 9 years (mainly first time buyers) were not forced to sign on the dotted line.

The Banks, Building Societies, IFAs and Media are the people to point the finger at, for lending first time buyers up to 7 or 8 times their annual salaries. The Retailers and Credit Card Companies also fall under this umbrella, for constantly advertising store cards and credit cards. It is a sad fact that there are a lot of people out there who just live beyond their means, their want it now attitude, instead of working and saving hard to achieve the things they really want / need in life is why we are in this credit crunch.

At the time when the property market was buoyant Kirsty & Phil presented their programmes accordingly. However, it was inevitable that it would come down again. Property near to where I live in Kent doubled in a period of five years. I started to house hunt 9 years ago, when the prices really started to rise rapidly and things were selling within days. I took a risk & we decided to live with my parents, which has not been ideal but we all just got on with it. I am now 36, and have yet to get on the property ladder. I am now working part time, which I earn excellent money for & studying Accountancy for 3 years, but kept on saving, will have saved £50k by March next year.

I have just paid of my only ever loan, my car is paid for outright and have one credit card which I use for holidays or larger purchases, and always pay before interest is incurred.

These are all of my own personal choices and sacrifices that I have made, not too mention good old fashioned hard graft to achieve this. To blame two TV presenters for people over stretching their finances is just pure ignorance, people need to wake up and face the music.

That said, It is the ones that have worked and saved hard, who are now losing their jobs and homes as a consequence, because of the ones who hocked themselves up to the eyeballs with the knowledge that they were just taking out loans and credit cards just for the non essentials in life, & now can't pay their debts.

I have no sympathy for people who have knowingly built up large debts just for pure greed, and then the other people who have worked hard all their life are now suffering as a knock on effect.

In conclusion the banks knew what they were doing lending all that money, and so did the estate agents who were selling the houses to first time buyers, these are the people I hold responsible for starting the panic buying that we saw 9 years ago in our property markets.

ad9898_3

The reason The Krust and Spendor are reviled is they are the public face of the avarice and greed of the past few years.

mewbie_2

Corals wrote: »

At the time when the property market was buoyant Kirsty & Phil presented their programmes accordingly. However, it was inevitable that it would come down again.

You are right of course that we can't hold these two solely responsible for the housing bubble / crash. However, not once, in all their "must rush, borrow the max you can afford, they are rising fast" spouting - not once was there a word of caution along the lines of "this can't go on forever, God these prices are ridiculous", or mention of a possible bubble in housing.

If we generously assume they did not deliberately mislead the public, as they are presented on their TV show as being 'experts', we must believe that a significant number of Joe Public will have swallowed their line each and every week.

"Must get on the ladder, renting is dead money, borrow as much as you can afford, they are rising fast"

Doesn't it seem so out of date now?

smudger1946

phil can go, but i have something to give Kirsty MMMMMMMMM1