Express - Peak prices set to return

the_flying_pig

HAMISH_MCTAVISH wrote: »

...they maintain far more credibility than the discredited Moneyweek crash rampers...

So a gaggle of sub-estate agents [living hand to mouth via sales commission] wheedling lies from a warehouse in one of the less salubrious parts of Stockport have "far more credibility" than a group of highly educated financial experts who earn money through producing forecasts?

If you say so, Hamish, if you say so.

HAMISH_MCTAVISH wrote: »

...Assetz were the only one of the major forecasters to correctly call the recovery at the start of last year...

Might that have anything to do with the fact that they predict hyperinflation every year without fail? Care to enlighten us on how reliable their January 2008 forecasts proved to be?

HAMISH_MCTAVISH

the_flying_pig wrote: »

a group of highly educated financial experts who earn money through producing forecasts?
?

Oh please.....

Moneyweek are a joke, second only to Capital Economics (whose predictions they almost always base their articles on) for showing a stunning degree of innacuracy over a long period of time.

Crash Rampers, plain and simple, with about as much editorial integrity and credibility as the Sunday Sport.

PhylPho

TBH, any property ramper promoting to potential investors "stunning lifestyle opportunities in Cyprus" is about as worthy of note as a tour operator punting package holidays to Baghdad.

Richard Desmond continues to display a worrying obsession with the value of his UK property portfolio. If it gets any lower, he might even have to close the unsaleable Daily Express -- and then where will we all be?

No point in looking to its sister paper, the Daily Star. After today's glorious front-page Contempt of Court its future is less than assured. M'lud.:rotfl:

IveSeenTheLight

HAMISH_MCTAVISH wrote: »

Moneyweek are a joke.

Moneyweek are saying that the UK property has dropped 70% in real terms.
Of course it helps if you are purchasing from a stronger currency than the pound and does not reflect the general Brittish housing market.
http://www.moneyweek.com/investments/property/uk-house-prices-in-ounces-of-gold-02110.aspx

Just read a few of the comments and it's good to see there are people out there with common sence.

Turnbull2000

HAMISH_MCTAVISH wrote: »

Oh please.....

Moneyweek are a joke, second only to Capital Economics (whose predictions they almost always base their articles on) for showing a stunning degree of innacuracy over a long period of time.

Crash Rampers, plain and simple, with about as much editorial integrity and credibility as the Sunday Sport.

I hate to side with you, but yeah, I agree! Moneyweek have been laughable for at least two years.

the_flying_pig

HAMISH_MCTAVISH wrote: »

Oh please.....

Moneyweek are a joke, second only to Capital Economics (whose predictions they almost always base their articles on) for showing a stunning degree of innacuracy over a long period of time.

Crash Rampers, plain and simple, with about as much editorial integrity and credibility as the Sunday Sport.

with estate agents top of the pile, right?

HAMISH_MCTAVISH

the_flying_pig wrote: »

with estate agents top of the pile, right?

Are you trying to deny that both Moneyweek and Capital Economics have an atrocious record of house price prediction?

Henry_P_Chester

at least we can rely on the express for consistancy

Here one from august 2007 peak of the market:



as I said good for toilet paper

PhylPho

Wonderful, Henry. Wonderful. :beer: Where d;'you manage to find that gem?

PS: your reference to toilet paper is so apt, given that (according to the Direly Expressed) the price of an average bathroom -- based upon average house prices -- will be so far beyond any FTB that all they can hope for is a quiet place in a field and a wad of old newspaper.. .

Which, of course, this journalistic rag genuinely believes is cause for celebration.

the_flying_pig

HAMISH_MCTAVISH wrote: »

Are you trying to deny that both Moneyweek and Capital Economics have an atrocious record of house price prediction?

Yes, they've been wrong for a good five years.

But look at their credentials (e.g. http://www.capitaleconomics.com/rogerbootle/index.php). Think about their motives.

Then do the same for any estate agent. Especially Stuart Law.