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ITV News at 10 Going With House Price Crash Main Headline

brarus20
brarus20 Posts: 26 Forumite
edited 26 February 2013 at 11:28PM in Debate House Prices & the Economy
Blimey.

130,000+ homes sold at a loss.
Average Loss: £24,000+
Over £3 Billion in total

And this is just the start.

The masses will now start to realise what really is happening.
«13456

Comments

  • purch
    purch Posts: 9,865 Forumite
    brarus20 wrote: »

    The masses will now start to realise what really is happening.

    What ?

    That ITN is no longer a reliable source of News :eek:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • brarus20
    brarus20 Posts: 26 Forumite
    purch wrote: »
    What ?

    That ITN is no longer a reliable source of News :eek:

    Ah I take it you get your news from the Daily Express then?
  • Mr._Pricklepants
    Mr._Pricklepants Posts: 1,311 Forumite
    Probably ITV Northern Ireland or something, because here the ITV news at 10 started with that Libdem Rennard dude.
  • chewmylegoff
    chewmylegoff Posts: 11,466 Forumite
    First Anniversary Combo Breaker First Post
    http://www.itv.com/news/

    Seems to be some stuff about it here.


    Basically someone has done some analysis and identified a total of 130,000 "losing" transaction. Seems somewhat disingenuous to ignore any "winning" transactions when preparing such analysis.


    I haven't watched the video but the caption indicates it is about people trying to blame other people for their own financial mistakes.
  • purch
    purch Posts: 9,865 Forumite
    brarus20 wrote: »
    Ah I take it you get your news from the Daily Express then?

    I quite like the Tampa Tribune, but generally find the St. Pete Times more reliable. I don't read the Sarasota Sun Herald.
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • chewmylegoff
    chewmylegoff Posts: 11,466 Forumite
    First Anniversary Combo Breaker First Post
    Sorry, I should have read it properly. It identifies significantly more "winning" transactions with an average "win" twice as big.
  • ILW
    ILW Posts: 18,333 Forumite
    Saw some of it, basically whinging because they thought buying a house was a guaranteed way to make easy money and did not pay off in the short term. It's sooo unfair sort of thing.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    First Post First Anniversary Photogenic Name Dropper
    So 60% of people who bought and sold between 2007 and 2012 didn't lose money.

    Remarkable.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • chewmylegoff
    chewmylegoff Posts: 11,466 Forumite
    First Anniversary Combo Breaker First Post
    HAMISH_MCTAVISH wrote: »
    So 60% of people who bought and sold between 2007 and 2012 didn't lose money.

    Remarkable.

    You'd probably always expect more transactions in profit than not given that it is difficult to sell when you're in negative equity and given that repossession rates are low. I don't know what these figures do prove but they certainly don't prove what the OP thinks they do.
  • brarus20
    brarus20 Posts: 26 Forumite
    HAMISH_MCTAVISH wrote: »
    So 60% of people who bought and sold between 2007 and 2012 didn't lose money.

    Remarkable.

    No they probably are stagnating, don't you think 40% who did lose money is actually quite a significant figure?

    Going to be interesting to see how the bulls react to this news, can already see some of the obvious bulls charging without a red flag in sight now.
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