Ajay Ahuja at it again - Crash denial

brit1234

Ajay Ahuja at it again - Crash denial



Ajay Ahuja - Spin Merchant or Liar??

From his most recent blog

I read the ticker tape news you see at the bottom of BBC News channel and it said that LandReg figures show only a 5.1% fall in house prices from September 2007 to September 2008. This is a big difference from the 15% that is widely reported. There is only one official statistic and that is of LandRegs.

So have we witnessed the biggest overhyped property crash of the 21st century? Well yes as we have only been in the 21st century for 8 years! But you know what I mean. A recession is very likely but a property crash - not very likely. :rotfl:

Housing is in BIG shortage now the housebuilders have gone out of business or simply stopped. This is going to have major ramifications and is not going to be solved quick. If you are already a landlord hang on to what you have got on the mortgages you have got.

http://www.ahuja.co.uk/property-news/ajays-blog/

Sorry but this blog stinks. He is denying Octobers Halifax and Nationwide figures by comparing them with Land Registry figures from September. Not only is there about a 3 month lag with the Land registry figures he goes back an extra month with them to make the difference look even bigger. Actual Land Registry figures for October are about a 8% fall. He won't compare like for like to spin his vested interest rubbish.:mad:

Octobers Land Registry figures video:
http://news.bbc.co.uk/1/hi/uk/7695430.stm

So is there anyone else out there who believes property isn't crashing?

dopester

I enjoyed his sudden, but late, oh-so-late, realisation of the obvious threat of deflation ahead, in his blog post of August 2008.

Even if he only half-recognised it as clearly where we are heading.

With increasing rents will mean increasing yields which will mean increases in property prices. Also, wage increases increase a borrowers buying power. So if someones salray increases by £2,500 then they can afford roughly 4.25 times more to pay for a house as the bank will lend them an extra 4.25 x £2,00 = £10,625.

So all in all if you have actual debt which is greater than your cash balance then you are ok. If its the other way round I suggest you change this, unless of course deflation is on the way, then I am heading for the bunker.

I would like to point out that deflation has not happened in this country in my lifetime and is something the government ensures never happens. But it is still a risk.

Anyway, enjoy life in debt and good luck with your property pursuits.

Ajay

http://www.ahuja.co.uk/property-news/ajays-blog/date/2008/08//inflation-is-at-4.4-per-cent-officially/

Deflation can not often be fought by political authorities or central banks, for whatever the X-factor generation may like to think.

It is not whether government have the power to borrow or print money. It is "When do the benefits of borrowing or printing money exceed the costs?"

If political authorities could benefit only from inflation, and not be harmed, they would obviously print more money in higher denominations than they do.

MissMoneypenny

Has he got a lot of properties that he is trying to shift?

Annpan

He's asked us to look at articles in the Daily Express and the News of the World - as if they're serious newspapers. Anyway I say liar pants on fire.

Dithering_Dad

Why do you care so much and get so angry at what this stranger has to say? If he's right or wrong then history will show it.

Why is it such a crime on the Housing Boards to have an optimistic slant on the Housing Market?

brit1234

MissMoneypenny wrote: »

Has he got a lot of properties that he is trying to shift?

On the Singing Pig forum (which I have been banned from 3 times now )

Ajay Ahuja, author of the Buy to Let Bible, the Property Cycle, and many others, who is incredibly bullish, is selling up half his portfolio, 57 in fact!

http://www.singingpig.co.uk/forums/thread/467589.aspx

One of his properties
http://www.rightmove.co.uk/viewdetails-20571956.rsp?pa_n=1&tr_t=buy

Don't think he sold any back in April.

brit1234

Ajay Ahuja - Crook & Fraudster




Ajay Ahuja - Crook & Fraudster

From his site

Buy your dream home with no deposit!

It is possible to buy your dream home with no deposit if you can satisfy one condition: You can get the property at a bargain price!

A bargain price is deemed to be 15% less than what the market value is. It is what us property professionals call Below Market Value or BMV for short.

So let us say your dream property is up for sale at £200,000 and you have utilised all your negotiating skills to get the price down to £170,000 due to the current climate (15% discount) then we can acquire that property for you without the need for a deposit.

Or let us say you see your dream property for sale for £170,000 and you know it is easily worth £200,000 then we can also get this property for you without the need for a deposit.

Now this assumes you can afford the mortgage. We can get you a mortgage with a well known lender which is 4.1 times your single or joint gross salary as long as you have a good credit score.

How can we provide this service?

Quite simply we:

1. know the lender that allows below market value zero deposit purchases for residential properties.
2. have solicitors who are well trained in this niche part of the industry who can handle a no money down transaction so it complies with the Council of Mortgage Lenders, CML.
3. Use an innovative scheme which ensures the value you put on a property you desire is backed up by the surveyor when they actually go and visit and value the property. This is a totally unique service which very few people know about.
4. Have a mortgage broker who knows how to package your mortgage application so that you get your mortgage application approved. This is priceless in the current conditions considering lenders simply do not want to lend unless you have lived your life like a nun!

http://www.ahuja.co.uk/property-services/dream-home-no-deposit/




Yes this is fraud. Having a surveyor going round to a home to value it at your choice so you can decieve the mortgage provider with the price paid lower than you declared is fraud by representation on behalf of the solictor and fraud by abuse of position for the Surveyor.:mad:

http://www.opsi.gov.uk/Acts/acts2006/pdf/ukpga_20060035_en.pdf

neverdespairgirl

I honestly do wonder why he has 4 computer screens on his desk. Seems like overkill, to me.

PasturesNew

neverdespairgirl wrote: »

I honestly do wonder why he has 4 computer screens on his desk. Seems like overkill, to me.

It depends how many things you have on the go that you need to instantaneously flick your eye over and react if necessary.

I had a job where I had 3 screens in front of me and one to the side.

It was genuinely the only way the job could be done. I needed all four screens to get through the work and stay on top of all deadlines and priorities.

ad9898_3

neverdespairgirl wrote: »

I honestly do wonder why he has 4 computer screens on his desk. Seems like overkill, to me.

One reason only, surfing !!!!!!

Kruger

Difficult to take Ajay or his company seriously when his website is so poorly written, gave me a laugh browsing it though, as I wanted to get my red teachers pen out.