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Debate House Prices
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Merryn Somerset Webb and Kirstie Allsop on R4
Comments
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If house prices continue falling at the same rate then they'll continue to be better off over the long-term by delaying purchasing.
For house prices (according to the LR) to maintain the YOY drop of -3.2% it will need a 0.8% drop in the next release.
It's quite plausible this might happen.
the question is, do you think this is sustainable in the coming months / years?:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
ruggedtoast wrote: »Honestly, it really doesn't matter what Kirstie Allsopp thinks about anything. The woman is a member of the privileged elite. She has never had to worry about money in her life, nor is she probably even on speaking terms with anyone who has. She has not even the vaguest clue what it might be like to worry about retirement or not be able to pay a bill, or what leveraged property ownership over 25 years might mean to a person who actually has to work for a living.
She dropped out of A levels in her exclusive private school because she was too thick to do them and couldn't see the point anyway, a fact she has occasionally joked about on TV, without any apparent irony.
Due to her connections, plummy voice and reasonably pleasing visage she landed a selection of media jobs and ended up on TV plugging property, as at some point two synapses in her brain had overcome their genetic torpor and evolved to connect together with the understanding that in a rising housing market, making a house a bit nicer makes it worth more.
That as far as I am concerned is the sum total of her knowledge in economics. She just doesnt have the wit or the brain power to defeat Merryn, either in the arena of political debate, or in my putative mud wrestling contest.
She should have taken along her sidekick to the radio interview.That economic genius Phil. On the other hand didn't his property company go belly up?
I often wonder who in their right mind, when making the biggest financial purchase they will ever make, takes advice from these two.0 -
IveSeenTheLight wrote: »For house prices (according to the LR) to maintain the YOY drop of -3.2% it will need a 0.8% drop in the next release.
It's quite plausible this might happen.
the question is, do you think this is sustainable in the coming months / years?
the question is, do you think its not?0 -
nollag2006 wrote: »I do love Kirsty ... she should do an update on how Rheinhard and the HPC guy did on their STR decision in 2003:
http://www.housepricecrash.co.uk/forum/index.php?showtopic=246&st=0
What would be more interesting is the number of people who STR in 2007 and made !!!!!! loads of cash, but why do that, when you can point fingers at two people who fooked up.
Jesus wept...0 -
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IveSeenTheLight wrote: »I've already posted my prediction and they have been "validated" as being pretty close.
How's your "validated" predictions?
He'll only tell you about the ones he made two years ago without telling anyone.0 -
heathcote123 wrote: »He'll only tell you about the ones he made two years ago without telling anyone.
Yep.
Just confirm he's talked bullsh!t for the last two years or is doing so now as he realises his last two years of prediction are unlikely to be fullsilled.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
heathcote123 wrote: »It's not a very big number.
Well with 100,000 sales a month for a year, surely a proportion of those were STR's, unless you or ISTL have any evidence to the contrary?
Didn't thinkso, your opinion is moot...0
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