The Housing Trap: ANOTHER ONE!!

CYBERCIDERSAVER

Channel 4's doom and gloom look at the housing market.

It's dispatches, so expect it to be biased. (So should be a lot of fun!)

Monday 5th November. 8pm. C4

epz_2

there does seem to be an awfull lot of house price crash talk on the telly bbc and channel 4 these days cant help but think they will end up driving the market down more effectivly than the fundementals.

A_Nice_Englishman

Well, they helped drive the market up with all those 'paint a radiator and make 10 grand' programmes....

$$$_12

A_Nice_Englishman wrote: »

Well, they helped drive the market up with all those 'paint a radiator and make 10 grand' programmes....

Yes - probably all of the up-and-coming media lurvies have finally realised that they can't afford anything more than a parking space in Hackney rather than the nice pad in Notting Hill which is their birthright. So they are doing their bit to improve the situation.

ManAtHome

Yer Meeja survives on boom and bust, build-em-up and knock-em-down etc, not much "news" value in "steady as she goes" (in either direction) is there...

poppy10_2

Sounds like it'll be quite bullish actually.

RabbitMad

poppy10 wrote: »

Sounds like it'll be quite bullish actually.

Are you being sarcastic? From the traillers I've seen I thought it was going to be Faiser from Dad's Army saying "we're all doomed" for 1 hour.

However , here is a question. Do the media drive HPI or Crashes, or do they just report them?

IveSeenTheLight

RabbitMad wrote: »

However , here is a question. Do the media drive HPI or Crashes, or do they just report them?

You only need to look at the recent Northern Rock issue to see that the media can cause panic and drive situations such as this

It seems that it is much easier journalism to be doom and gloom (on whatever topic) than it is to report good news.

Here's a wee experiment. Open up any paper today and take a look at roughly how much is reporting a negative situation and how much is reporting a positive situation.

Now is the paper you are reading portraying life positively?

tr3mor

RabbitMad wrote: »

However , here is a question. Do the media drive HPI or Crashes, or do they just report them?

Both......

mystic_trev

The flagship current affairs programme examines the problems facing first time house buyers trying to find a property in the current price boom. The investigation asks whether or not we are approaching a crisis point in which a generation of young people will not be able to afford thier own homes - and whether the government should be protecting the interests of investors or providing affordable housing for its citizens

http://www.onthebox.com/program/724610/dispatches.aspx

macaque_2

epz wrote: »

there does seem to be an awfull lot of house price crash talk on the telly bbc and channel 4 these days cant help but think they will end up driving the market down more effectivly than the fundementals.

The media like to build things up and then demolish them. They have done this to countless celebrities so why not the housing market?

The media have played a significant part in sustaining the housing boom beyond its safe shelf life. Editors have used banner headlines like "house prices to double in 5 years" to sell papers. TV programmes have attracted viewers by showing people flipping houses for £100K profits. The media have compliantly regurgitated biased stories and statistics from lenders in return for advertising revenue.

Never forget however that the media's favourite food is a disaster story. Judging from recent newspaper articles, they have smelled blood in the housing market and they are now intent on hunting it down like a pack of dogs.