House Price Crash Discussion Thread

adr0ck

boinging wrote: »

Does anyone know why the Express has such a vested interest for higher house prices. Twice in the last few months they taken their whole front page on this kind of news.

because it sells papers

same as when they predict a massive crash in prices................this sells papers too

their business is selling newspapers

van_persie

boinging wrote: »

Does anyone know why the Express has such a vested interest for higher house prices. Twice in the last few months they taken their whole front page on this kind of news.

Why is it welcome relief for home owners that houses are worth £1,000 more?

The Express and many other papers carry an awful lot of property advertising and subsequently receive a considerable fee for so doing. They cannot be seen to talk the market down.
It's no coincidence that the Guardian (whatever you think of its general content) is one of the most bearish/honest papers in its reporting of the current property situation as it doesn't carry much property advertising. Ditto the Observer.

adr0ck

van_persie wrote: »

The Express and many other papers carry an awful lot of property advertising and subsequently receive a considerable fee for so doing. They cannot be seen to talk the market down.
It's no coincidence that the Guardian (whatever you think of its general content) is one of the most bearish/honest papers in its reporting of the current property situation as it doesn't carry much property advertising. Ditto the Observer.

i agree with what you say re: advertising

however the express and other papers will still publish headlines which do talk down the market

such as this one

HOUSE PRICES FALL TO 'EARLY 1990S LEVELS'


this was their headline on 16/01/08

as i said above newspapers are in the business of selling newspapers

reporting a big crash / rise in prices sells newspapers

simple as that

codger

The problem with mentioning the Daily Express in any discussion of newspapers is that it isn't one.

It's a comic run by a !!!!!! king who likes to shop at Harrods.

So whichever eejit allowed the January 16th front page to run was very likely fired on January 17th, because given the Express's modern-day provenance, it sure as hell needs advertising revenue from wherever it can get it.

Anyway. To save this thread from constant updates on the latest Daily Express reports, here's one of next week's front pages:

DIANA "SAW" CRASH
BEFORE IT HAPPENED!

People's Princess Diana predicted a housing market crash shortly before her mysterious death.

According to People's Butler Paul Burrell, she revealed exclusively to him that property prices in Britain would go down one day at some time in the future.

Can't go on

"It can't go on like this," she sobbed.

Speaking from his luxury home in Florida he told the Express: 'This is why I live here now. Diana told me everything. I was her rock. My place in Cheshire's only a Buy To Let.'

The possibility that Diana was killed because she knew what was going to happen to the UK housing market has never been made public until now.

Yet today there is real fear throughout the country -- and especially, in the already-tragedy-struck community where Maddie's parents live and where residents now realise that Diana was right.

Can't go on

"It can't go on like this," said a sobbing home-owner.

Backing the Express's call for a new £10 million taxpayer-funded enquiry into the real reason why Diana was silenced, a Mr Mohammed Al Fayed said last night:

"The People's Princess knew it was her duty to warn the people. But powerful secret forces stopped her, an alliance of Prince Philip, Bovis (note to ad dept: you sure they don't advertise with us?) and Northern Burrell. It's no coincidence that MI5 runs the National Association of Estate Agents."

On other pages:

Heartbroken woman speaks out
Heartbroken man speaks out
Glen Miller: exclusive interview
Is the Pope a Catholic? Amazing Express investigation
Prince Philip: Greece is the word

lil_lady_2

ok im new to this site so hello....
what i wanted to know was , iv seen alot of posts saying to wait for 12 - 18 months to see how the market goes and im not planning on trying to get a morgage till then any way so lets say in 12 months there is a price crash ? is that good for a first time buyer? i will not be buying in rip off london , and is 12 months long enough to wait ? do things change that quickly ?

adr0ck

how longs a piece of string?

if you have a good deposit and a good steady job (that isnt affected by a recession) then yes a crash can be good for a first time buyer

however you may find that its harder to get a mortgage in the first place

who says prices are going to crash anyway?

adr0ck

codger wrote: »

The problem with mentioning the Daily Express in any discussion of newspapers is that it isn't one.

It's a comic run by a !!!!!! king who likes to shop at Harrods.

So whichever eejit allowed the January 16th front page to run was very likely fired on January 17th, because given the Express's modern-day provenance, it sure as hell needs advertising revenue from wherever it can get it.

Anyway. To save this thread from constant updates on the latest Daily Express reports, here's one of next week's front pages:

DIANA "SAW" CRASH
BEFORE IT HAPPENED!

People's Princess Diana predicted a housing market crash shortly before her mysterious death.

According to People's Butler Paul Burrell, she revealed exclusively to him that property prices in Britain would go down one day at some time in the future.

Can't go on

"It can't go on like this," she sobbed.

Speaking from his luxury home in Florida he told the Express: 'This is why I live here now. Diana told me everything. I was her rock. My place in Cheshire's only a Buy To Let.'

The possibility that Diana was killed because she knew what was going to happen to the UK housing market has never been made public until now.

Yet today there is real fear throughout the country -- and especially, in the already-tragedy-struck community where Maddie's parents live and where residents now realise that Diana was right.

Can't go on

"It can't go on like this," said a sobbing home-owner.

Backing the Express's call for a new £10 million taxpayer-funded enquiry into the real reason why Diana was silenced, a Mr Mohammed Al Fayed said last night:

"The People's Princess knew it was her duty to warn the people. But powerful secret forces stopped her, an alliance of Prince Philip, Bovis (note to ad dept: you sure they don't advertise with us?) and Northern Burrell. It's no coincidence that MI5 runs the National Association of Estate Agents."

On other pages:

Heartbroken woman speaks out
Heartbroken man speaks out
Glen Miller: exclusive interview
Is the Pope a Catholic? Amazing Express investigation
Prince Philip: Greece is the word

so you agree with me then

newspapers will publish anything to sell newspapers

beingjdc

adr0ck wrote: »

how longs a piece of string?

who says prices are going to crash anyway?

The LSE, Goldman Sachs, Morgan Stanley, the IEA, the derivatives market, mortgage approval figures...

Nobody much.

lil_lady_2

adr0ck wrote: »

how longs a piece of string?

if you have a good deposit and a good steady job (that isnt affected by a recession) then yes a crash can be good for a first time buyer

however you may find that its harder to get a mortgage in the first place

who says prices are going to crash anyway?

well thats what i though i didn't think there was a time on these sorts of things, but im just going on wot iv been reading thats y i asked,
wot would be a good deposit ? im not thinking of buying in london more like nottingham.lol
doubt my job would be affected badly ( beauty theapist) people all ways need to be waxed!

WTF?_2

lil_lady wrote: »

doubt my job would be affected badly ( beauty theapist) people all ways need to be waxed!

I hate to burst your bubble but that's exactly the sort of job that would be affected in any economic downturn.