MSE loses claims to impartiality. Pah.

mizzbiz

Dan: wrote: »

It may have been outrageous at the start of the year, but the above is looking more likely every day.

gr8 - i'm dying to MEW.

Seriously though - at least for a few years there's no way the likes of Northern Rock and The Con Artist Formerly Known As Bradford And Bingley are going to be able to go back to the lending patterns of the past few years, and this is primarily what funded the boom (price rises). Without this, where is that extra money going to come from to sustain 5% + rises over the next few years? On what basis does this guy have evidence that, in his words, "the crash is over"? I hope it is in a way, as we have to remortgage next year, however, I don't see the sustainability behind it. The rising redundancies are also an issue.

Dan:_4

mizzbiz wrote: »

gr8 - i'm dying to MEW.

Seriously though - at least for a few years there's no way the likes of Northern Rock and The Con Artist Formerly Known As Bradford And Bingley are going to be able to go back to the lending patterns of the past few years, and this is primarily what funded the boom (price rises). Without this, where is that extra money going to come from to sustain 5% + rises over the next few years? On what basis does this guy have evidence that, in his words, "the crash is over"? I hope it is in a way, as we have to remortgage next year, however, I don't see the sustainability behind it. The rising redundancies are also an issue.

"The Crash is Over" does not mean will sustain 5% + rises over the next few years for the reasons you point out but we have reached the bottom in nominal terms.

I expect to see prices falling towards the end of the year, and we may be back to Feb 09 levels by Feb 10. This will be followed by another session of rises around next spring/summer before some further falls.

I honesty think we are going to head into a period of stagnation for house prices.

It's all about sentiment which is soaring right now, and will continue all the while the BBC are saying the "crash is over" and "now is the time to buy".

Jonbvn

Even if there is no substance to the article, it may have been worth posting it just to see them frothing at the mouth over on that "other" site.

Former_MSE_Andrea

Morning everyone

By all means discuss the news story and what you feel about it being written (hopefully you've read it properly!) but please keep it friendly and on topic.

Thanks!

Andrea

carolt

Any "official" comments, Andrea, on the impartiality of this story?

How do you see it fitting in with the supposed ethos of the site?

MSE_Martin

I've just seen this thread. And I think its important to understand.

MSE news is a different beast to MSE main. The aim is to provide a wider viewpoint on news related to the MSE audience - unless an MSE person is quoted it doesn't represent opinion. (that opinion comes in our guides).

Its perfectly possible to do a news story on something that has the opposite view to mine or the sites as part of news.

You'll note this story had a headline in quotes to show it wasnt fact but reporting the opinion of a respected, but polemic, commentator.

If we had

"Bank charges reclaims are nonesense"

And a story how the BBA was saying bank charges reclaiming shouldn't happen - that wouldn't mean it was this sites view, it'd mean it was reporting the news.

And this story is identical.

As it happens (and if you'd seen GMTV this morning I was saying exactly this) I think its far too early to call that house prices are over and there's a risk we're in a W not an L shape. The current end to the falls is about seller supply shortage, and if people flood in we could see a return.

However I'm not a house price commentator - its not my core subject - so I wouldn't deem it worthy of a news story what I say.

So has MSE lost its impartiality - no not on house prices (as I also said today on GMTV its wrong to assume house prices rising is good and falling is bad - for some its the other way round).

However overall I do hope MSE is partial. We are a campaigning agenda'd website - outside of MSE News the aim is to show people how to save money, and fight what we consider to be financial injustice - impartiality is not in the core remit - certainly on bank charges, PPI reclaiming, cutting debt costs we're highly partial.

Martin

MSE_Martin

Actually to clear things up I've closed this thread and continued it here

http://forums.moneysavingexpert.com/showthread.html?p=24112219#post24112219