House price pressures highlighted on today's Moneybox

nollag2006

Anyone else hear the show today?

http://news.bbc.co.uk/1/hi/programmes/moneybox/9538647.stm

It was really fascinating, and a very balanced view of price pressures in the housing market.

Good to see Jonny Davies, so-called wealth advisor, being decimated by the Nationwide's chief economist.

Did I hear somewhere that Jonny, who originally STR'd in 2002 or so, has now just bought back into the house market?

Oh dear. His wealth advice didn't serve his own needs too well in the period 2002 - 07, and since April 2009. Now, did they?

:rotfl:

abaxas

nollag2006 wrote: »

Anyone else hear the show today?



Oh dear. His wealth advice didn't serve his own needs too well in the period 2002 - 07, and since April 2009. Now, did they?

:rotfl:

That would depend on where it was invested.

Depending on timing, if he'd bought a boring FTSE tracker, he'd be quids in now.

Unless you assume he put the money under the matress.


NOTE : you are a numptie for not understanding how investment works.

AHAR

Everything he said was in such an angry tone of voice but I couldn't figure out if he was angry about the state of the housing market or angry that other people don't agree with his view of the housing market.

Thrugelmir

nollag2006 wrote: »

Anyone else hear the show today?



Good to see Jonny Davies, so-called wealth advisor, being decimated by the Nationwide's chief economist.


:rotfl:

I did. Appears to be a different one to you though. :eek:

As Ray Boulger is not the Nationwides Chief Economist. He is the media mouth piece for John Charcol (Indedependent Mortgage Brokers). So a very vested interest in talking up the market.

Citing examples of the Newbury and Saffron building societies offering high LTV mortgage deals was extremely weak. As unlikely that the Newbury BS would complete more 50 -100 of these deals. Considering their relative size.

Overall little new in content. Other than the future remains very uncertain.

Thrugelmir

AHAR wrote: »

Everything he said was in such an angry tone of voice but I couldn't figure out if he was angry about the state of the housing market or angry that other people don't agree with his view of the housing market.

He is asking the questions that many people are. There's considerable substance in his views.

Though the UK banks passed the EU stress tests yesterday. RBS is now on the watch list following them.

Thrugelmir

CarlosTheJackal wrote: »

Interesting J.Davies thinks house prices will be about the same as now in 2020. If the market stagnates like he says this would constitute a crash inflation adjusted.

The UK is going to recover back to levels of pre crash GDP output levels until 2013, or possibly even later. So why should house prices which in 2007 were at all time over priced peaks.

Cleaver

abaxas wrote: »

That would depend on where it was invested.

Depending on timing, if he'd bought a boring FTSE tracker, he'd be quids in now.

Unless you assume he put the money under the matress.

NOTE : you are a numptie for not understanding how investment works.

Selling your house and investing it in a FTSE tracker isn't investing, it's gambling.

geoffky

He got into gold in a big way and took his clients along for the ride i am told.

geneer

nollag2006 wrote: »

Anyone else hear the show today?

http://news.bbc.co.uk/1/hi/programmes/moneybox/9538647.stm

It was really fascinating, and a very balanced view of price pressures in the housing market.

Good to see Jonny Davies, so-called wealth advisor, being decimated by the Nationwide's chief economist.

Did I hear somewhere that Jonny, who originally STR'd in 2002 or so, has now just bought back into the house market?

Oh dear. His wealth advice didn't serve his own needs too well in the period 2002 - 07, and since April 2009. Now, did they?

:rotfl:

Nice to know ray boulger has been promoted to Nationwides chief economist. :rotfl:

Sterling job the mortgage broker did too..."when you look at the last 12 months". zzzzzzzz

abaxas

Cleaver wrote: »

Selling your house and investing it in a FTSE tracker isn't investing, it's gambling.

That would depend on how you viewed your own home.

But when the FTSE was below 4k, it was hardly a gamble.

Thrugelmir

abaxas wrote: »

That would depend on how you viewed your own home.

But when the FTSE was below 4k, it was hardly a gamble.

If Eurozone woes continue and US debt gets re-rated. Then I suspect the markets may turn very bumpy. We could be heading for financial crash no 2. Which will make the demise of Lehmans pale into insignificance.