House price pressures highlighted on today's Moneybox

thor

abaxas wrote: »

That would depend on how you viewed your own home.

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

Nothing is certain. The FTSE could shoot upwards but there is nothing to stop it crashing below 1000 either. If you think that sounds far fetched then remember no one 10 years ago thought that the banks could collapse the way they did.

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:

Old JD does tend to get a bit Dalek!
Hes not doubt sick of talking to !!!!o's like boulger who always insist on looking at the small picture.
"when you consider the last 12 months" "current interest rates" etc. And pointedly refuse to put things in any kind of context.

Probably reminds JD of the halfwits he used to argue with on HPC.

Naturally like the halfwits boulger likes to continuously reset the discussions, conveniently forgetting, y'know the economic collapse and the crash etc.

Whilst JD is judged solely by the fact that he called it a few years before the bust (this does seem to be a bit of a slippy claim...I'm sure by this time next year the bulls will be claiming he called it in 1974).

In the same was as Boulger was no doubt calling a soft landing.
Naturally, every thing JD ever said right up until the nano-second of the crash is negated by this single point. you wish.:rotfl:


I can imagine they !!!!ing hate each other. The two of them appear on these things together so often its like they're married.

ukcarper

abaxas wrote: »

That would depend on how you viewed your own home.

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

How much did he pay in rent it those 9 years.

Davesnave

ukcarper wrote: »

How much did he pay in rent it those 9 years.

I don't know, but when we sold our house and rented in 2008/9 our surplus after paying the landlord was around £16k pa. With prices falling in our area of interest, it was a situation we were able to live with.

Only JD knows how his personal sums stacked up in those 9 years, but that won't stop people speculating here!

doire_2

Thrugelmir wrote: »

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.

.

Another FAIL from nollag :rotfl:

ukcarper

Davesnave wrote: »

I don't know, but when we sold our house and rented in 2008/9 our surplus after paying the landlord was around £16k pa. With prices falling in our area of interest, it was a situation we were able to live with.

Only JD knows how his personal sums stacked up in those 9 years, but that won't stop people speculating here!

Are you saying your rent was £1300 a month less than your mortgage.

peakoil_2

abaxas wrote: »

That would depend on how you viewed your own home.

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

not much use to him if he invested his money in 2002. he would have been caught up in the crash that took the FTSE down to 3500. a double whammy of losing out to HPI and then having your money decimated by a stockmarket crash.

Davesnave

ukcarper wrote: »

Are you saying your rent was £1300 a month less than your mortgage.

No, I'm about the same age as you, so I didn't have a mortgage.

(But my mortgage was piddle-all when I still had it anyway.)