Harder to rewrite history than you think Bulls.

geneer

Did someone mention JD.

Again.

heathcote123

geneer wrote: »

Did someone mention JD.

Again.

How long were you banned for then, seems like ages. Been boring round here.

robmatic

In summary:

JD - an unreliable gauge of future house prices.
That pillock at Charcol - an unreliable gauge of future house prices.

Glad we all cleared that up.

geneer

heathcote123 wrote: »

How long were you banned for then, seems like ages. Been boring round here.

Moderation eh. I'd have thought you would be packing up and moving to another forum by now Heathcote.
Turns out your principles are as flexible as your imagination eh. :rotfl:

Conrad

Rinoa wrote: »

The salient point is that you and many others have followed the advice of people like Jonathan Davis and are much the poorer for doing so.

He's been predicting a crash every year since 2003 and eventually got lucky once in 2008. So what did he predict next?

For 2009 he said lowering IR's wouldn't make any difference and he predicted falls of 15/20% http://www.aboutproperty.co.uk/uk-property/2009/01/08/jonathan-davis-makes-his-predictions

For 2010 he said the govt had delayed the inevitable by lowering IR's but was sure prices would fall 10/15% http://news.bbc.co.uk/1/hi/8386796.stm

For 2011, after being totally humiliated in 2009 and 2010 he again predicted falls of 10% http://www.bbc.co.uk/news/business-11914386 which currently look highly unlikely.

Is Jonatahn Davis your hero, do you have his picture on your bedroom wall?

Ha, this exact behavior is what the famous psychologist Dr Tetler found.
Study after study has found many experts will never admitt they are wrong, even decades later when thier predictions lay in tatters.

It is said that such people will always re - rationalise thier failed predictions and will year after year just keep saying that although they were slightly out on timing, it will deffo be happening in the near future, and they keep on saying it year in year out.

There were dozens of just theories and predictions in the 1960's and 70's which said America would enter a civil war due to famine, one was called The Population Bomb and decades later the authors still wont admit they were wrong, just that thier timing needs adjusting and each decade they keep on saying the timing was out, but the following decade they will be vindicated.

It's thought to be a coping mechanism that allows them to deal with the cognitive dissonance thier failed predictions bring about in thier minds.

Smart people conversely change as the facts change and are much less definitive in thier predictions, as they have the ability to take in all sides of the debate / evidence and dont tend to filter facts to suit thier PRE - EXISTING world view.

Conrad

geneer wrote: »

You seem to be suggesting there was no house price crash.
You are also unaware that large deposits earn preferential rates.

.

Landlords have been enjoying unprecidented spreads, I see this with my own eyes day in day out.

In the meantime I wonder what cash has been thrown off by the un leveredged 'invetsments' JD has been peddling since 2006.

geneer

Conrad wrote: »

Ha, this exact behavior is what the famous psychologist Dr Tetler found.
Study after study has found many experts will never admitt they are wrong, even decades later when thier predictions lay in tatters.

It is said that such people will always re - rationalise thier failed predictions and will year after year just keep saying that although they were slightly out on timing, it will deffo be happening in the near future, and they keep on saying it year in year out.

There were dozens of just theories and predictions in the 1960's and 70's which said America would enter a civil war due to famine, one was called The Population Bomb and decades later the authors still wont admit they were wrong, just that thier timing needs adjusting and each decade they keep on saying the timing was out, but the following decade they will be vindicated.

It's thought to be a coping mechanism that allows them to deal with the cognitive dissonance thier failed predictions bring about in thier minds.

Smart people conversely change as the facts change and are much less definitive in thier predictions, as they have the ability to take in all sides of the debate / evidence and dont tend to filter facts to suit thier PRE - EXISTING world view.

Irony levels approaching critical I think. :rotfl: