TV Property Rampers lose minds on Radio

brit1234

Mad Property TV hosts want you to buy now to save there jobs/shows

Last night on the radio I never heard so much property ramping in my life from Kirsty Allsop & Kristian Digby. These TV property hosts showed how deluded they were with the current situation and want you to buy now despite the massive continuing price falls in an attempt to save their jobs.

Through out they showed anger at any one trying to tell the truth about how bad it is. My favourite quote was when Kristian Digby lied and said it only took a couple of years for him to save a £40,000 deposit on a low wage. Hear the callers ring in to string him up.:mad:

If you have the stomach to bare the tripe, its about 15-20mins below.

http://www.bbc.co.uk/iplayer/episode/b00gqy82/Stephen_Nolan_18_01_2009/

Kirsty Allsop / Location, Location, Location




Kristian Digby / To buy or not to buy

I say don't buy, rent and save a deposit. Prices won't shoot up at the bottom, they have never done, there will be years of stagnation before slow rises.:think:

Share your thoughts on their views.

PasturesNew

I'll be needing a much bigger screen soon, if your fonts get any larger.

Cleaver

PasturesNew wrote: »

I'll be needing a much bigger screen soon, if your fonts get any larger.

I heard Currys and Dixons on the radio last night ramping up bigger screens and trying to get people to buy now. I'd suggest you wait until 2010 when prices will be lower.

brit1234

PasturesNew wrote: »

I'll be needing a much bigger screen soon, if your fonts get any larger.

Are you sure its my fonts and not the picture of Kirsty filling your screen. :rotfl:

PasturesNew

LOL "there will be an unholy rush"

Snarf999

brit1234 wrote: »

I say don't buy, rent and save a deposit. Prices won't shoot up at the bottom, they have never done, there will be years of stagnation before slow rises.:think:

In your opinion. I note that you're predicting 50%+ drops from the maximum, to be honest I'll go with the majority who think prices will drop from about 25% of the maximum, that means possibly another 10% this year before levelling out or rising (once again in my opinion).

I doubt there will be years of stagnation, I expect prices will start to come back up again once the economy recovers a bit (within the next year or so). The question really is about identifying the perfect point before interest rates start to rise and when house prices stop falling.

PasturesNew

I had to laugh, at 22:07

Kristian Digby said "When I bought my house, I saved up £40k, you know when I had a low income job, and I saved for a couple of years and I bought my house"

Hardly a low paid job if you can SAVE £20k/year is it??

It takes a £27k salary to have a take-home of £20k/year.

Edit:
Several people phoned in and queried this (29:30).

One caller said: I'm in a relatively secure job, in Plymouth, earning £16,500, 3 kids, has £24/month left over at the end of the month. Average family home there is £150k. Where is the money coming from?

Kristian Digby said "I saved for 3 years". So he saved £13k/year every year for 3 years.

penguine

Snarf999 wrote: »

In your opinion. I note that you're predicting 50%+ drops from the maximum, to be honest I'll go with the majority who think prices will drop from about 25% of the maximum, that means possibly another 10% this year before levelling out or rising (once again in my opinion).

I doubt there will be years of stagnation, I expect prices will start to come back up again once the economy recovers a bit (within the next year or so). The question really is about identifying the perfect point before interest rates start to rise and when house prices stop falling.

In previous crashes, property prices levelled out and remained stable for several years before beginning to rise again. Given that our banking system has almost collapsed, that our government, businesses, and many households are up to their eyeballs in debt, how is the market going to recover more quickly from this crash has happened in the past?

The most optimistic predictions are for a further drop of 15-20% this year, by the way. We're only at the beginning of a recession (not yet officially even in recession I believe) and we've seen 18% so far.

brit1234

Snarf999 wrote: »

In your opinion. I note that you're predicting 50%+ drops from the maximum, to be honest I'll go with the majority who think prices will drop from about 25% of the maximum, that means possibly another 10% this year before levelling out or rising (once again in my opinion).

These same experts said prices would rise slowly in 2008, they were wrong. They then said there would be small falls, they were wrong again. Now property prices are falling at the fastest rate ever (about 10 times the rate of the last recession)

I have said for 2 years there will be 50% falls back to 3.5 times salary (traditional lending) There are already increasing amounts of property at 50% off.

Snarf999 wrote: »

I doubt there will be years of stagnation, I expect prices will start to come back up again once the economy recovers a bit (within the next year or so). The question really is about identifying the perfect point before interest rates start to rise and when house prices stop falling.

Sorry but you forget that people have to raise deposits, it can't be done over night. Higher costs, unemployment, 4 day weeks make that harder. There will be years of stagnation followed by small rises. There simply isn't enough international credit to allow them to rapidly rise.

torontoboy45

OK. I've had my 20 mins worth of hilarious entertainment. well worth it, I can tell you.
k and k sounded desperate and increasingly defensive. neither show any articulacy or any real grasp of what is happening. in fact, they come across as the pair of overpaid, educationally-challenged meejah types we always took them for.

I'm going to play this to my daughter and take her through it bit by bit to teach her the value of choosing the advice of 'experts' very carefully.

dopester

Filth.

Kirstie and her ilk would have you buy to enjoy "home-ownership" at any price, at whacking mortgage levels.

Have them step in earlier Kirstie, when on your show you just pressed ahead for years with buyers coming in at higher price after higher price.