Property Watch is part of the delusion

Annpan

PasturesNew wrote: »

These FTBs are looking uncomfortable at Merryn's answers.

I only caught a bit of the programme but am I right that Merryn sold at peak and is sitting on a hefty slice of bubble money until house prices fall further? Mmmmm. I just thought she was gloating a little but could have been a trick of the light bouncing off the water behind the set.

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Not sure about Merryn's situation, but she has had a slot on primetime tv to tell people how it is, that in itself is enough.

FoxtonsRIP

She seems like a very clever lady. It's just a shame that we had to wait for the bust before her pearls of wisdom about greed, reckless lending, etc got widespread coverage

PasturesNew

Merryn: http://en.wikipedia.org/wiki/Merryn_Somerset_Webb

No idea what this says ... some idiot decided this was a super colour scheme for a website and I can't read a single word of it: http://www.merrynsomersetwebb.co.uk/askmerryn.asp

spuds_2

Reading the above, I guess Merryn has a bit of a vested interest in property prices continuing to fall, though she seems to talk sense mostly. Hard to know who to believe really isn't it?

Overall, I'm with the beardy guy who reckoned that we need to fallout of love with property and stop thinking about it primarily as an investment. I sometimes watch Homes Under the Hammer and can't believe the prices paid in London for bog-standard terrace houses in some areas.

ninky_2

lostinrates wrote: »

4 generations in a house: unpopular but traditional.

i like your cosy notions lir. and it's the way people operate in more traditional societies like my OHs. but i think us brits might be a bit too punk rock for all that. many of us do like to rebel against the olds and flee the nest. i know i couldn't wait to move out of the house my mum was in and escape her catholic guilt trips. parents seem more appealing when you see them less often.

lostinrates

ninky wrote: »

i like your cosy notions lir. and it's the way people operate in more traditional societies like my OHs. but i think us brits might be a bit too punk rock for all that. many of us do like to rebel against the olds and flee the nest. i know i couldn't wait to move out of the house my mum was in and escape her catholic guilt trips. parents seem more appealing when you see them less often.

LOL, except I actually am living it. I didn't spend all tht much time with parents as a child (school in different country, then they came home but I pretty much stayed at school..then lived with a boyfriend for a bit, then, out to university, never came ''home''..straight on to other shared households, live in relationships and only a very brief stint of living alone. My adult domestic life has been far less lonely than the childhood one.) so its been ''interesting'' geting to know them as an adult on a more intense human scale. My sister and her children also ''returned'' home for a while, when she first separated from her husband, then I had them for a bit too. Its not easy, but then lots of domestic relationships aren't: I think its actually been good for me, on all sorts of levels, both with them and for me personally in developing some skills and understanding. I'd rather live near then in the future, next door, in a subdivision/have them in an annexe or simialr, but I know we could co exist ok: with some frustrations but many benefits to all, if we had too. I'd rather, if they need help, they were able to have that from someone who loves them. I know first hand that it can be better to have loving care than medical care.