Panorama tonight - Bursting the house price bubble.(merged)

gingin_2

Meanwhile on channel 4


Dispatches: Heat or Eat: The Pensioners' Dilemma

Monday 04 February
8:00pm - 9:00pm
Channel 4
The flagship current affairs programme takes a look at what life is like for elderly men and women forced to live on today's state pension and deals with the complexities of the government's means-tested benefits to keep body and soul together.

What a bl**dy mess we are in, going to get worse thanks to Gordo's miracle economy.

I'm settling for a glass of red and Masterchef :rolleyes:

Turnbull2000

subjecttocontract wrote: »

Lets hope its a fair balanced view.....not just all the bad stories.....it needs to include the successes as well.

Only bad news makes an OK program though so I expect in to be REALLY Biased

Give me a break :rolleyes:

We've had biased programing for years. There's Property Ladder, Location Location Location, Place in the Sun, House Doctor etc etc. Any losses, hidden costs and actual profit are rarely made public. It's made to look easy by riding the crest of a devastating asset bubble.

If you want a balanced view, then we'll need at least 3 more programs like The Truth about Property.

brit1234

Turnbull2000 wrote: »

Give me a break :rolleyes:

We've had biased programing for years. There's Property Ladder, Location Location Location, Place in the Sun, House Doctor etc etc. Any losses, hidden costs and actual profit are rarely made public. It's made to look easy by riding the crest of a devastating asset bubble.

If you want a balanced view, then we'll need at least 3 more programs like The Truth about Property.

I agree. This program is designed to highlight the fraud that has been happening across the housing markets for years ramping up prices beyond affordability. In balance of all the housing programs ramping up prices day in day out on C4 and BBC1 this is fair.

SquatNow

BettiePage wrote: »

reveals some nasty surprises for those who joined the buy to let frenzy

I wonder if they are planning to explain to all the BTL muppets what "Margin Calls" are....? (I can almost here the wailing starting now!)

sdooley

Am I the only one to find the above post exceedingly offensive, especially with the signature's reference to suicide, which is not a matter to take joy in?

Lotus-eater

Turnbull2000 wrote: »

We've had biased programing for years. There's Property Ladder, Location Location Location, Place in the Sun, House Doctor etc etc. Any losses, hidden costs and actual profit are rarely made public. It's made to look easy by riding the crest of a devastating asset bubble.

Property Ladder is still looking for people for the new series, so the telly said the other day, although it may have been one of the numerous repeats, can't remember.
Still it will be interesting, seeing investors "doing up" a property, in a falling market.

edit, sorry, should have said ..."investors"

SquatNow

sdooley wrote: »

Am I the only one to find the above post exceedingly offensive, especially with the signature's reference to suicide, which is not a matter to take joy in?

Your a BTL landlord arn't you? Come on... admit it... and admit you don't know what Margin Calls are either!

No BTL landlord has the right to take the moral high-ground. You've pushed up house prices and priced out FTB in a desperate attempt to line your own pockets. You'll get no sympathy here.

No-one will feel sympathy for BTL landlords who planned to sell at the peak for a huge profit, but hung on for a few extra bucks and lost everything. Expect protest marches through London by BTLers who had margin calls ademanding the government step in and compensate them for their failed gamble.

brit1234

sdooley wrote: »

Am I the only one to find the above post exceedingly offensive, especially with the signature's reference to suicide, which is not a matter to take joy in?

Yes, have no time for buy to let landlords who have many decent people owning property and others mortgaged to the max.

Common sense said prices are very overvalued, if you invested at these prices did you really think prices were going to get higher.:rotfl:

The house price correction continues.;)

morg_monster

I agree with most of what SquatNow says about BTLers but I still don't like the suicide reference in his sig... does sound like he can't wait for them to start topping themselves. I totally see why people are rubbing their hands in glee as BTLers are getting in trouble which is ultimately of their own making, but I still think one can be more dignified in delight at others' downfalls than dancing on their future graves!

subjecttocontract

There seems to be a lot of people here who think that if they hear of a few BTL investors who have 'caught a cold' then it applies to everyone.

There are always exceptions to every rule and there are people at both ends of the BTL spectrum and lots in the middle who are doing very nicely.

There are many of us who have been in the game for a few years. We've lots of property, some bought at low prices years ago, we've made lots of money and if a serious crash happened tomorrow we would ride it out with no problem. We'd probably view a price fall as a buying opportunity.

* I've bought property thats been on the market for months that no FTB'er have been interested in.
* I've bought run down & derelict property that no FTB'er has been interested in.
* I've bought property thats priced way above anything a FTB'er would buy.
* I've bought repossessions because the seller wanted cash and no FTB'er had any cash.

Not all property investors are going to sink if there is a crash and not all property investors have deprived FTB'ers of their chance.