The Truth About Property - BBC2 Monday night 8pm

dean_ham

That BTL guy that was worth 500M talked sence.
Wonder what his next move will be after shifting all them properties.

phil_b_2

What a complete pile of sh*t. I cant remember the last time I saw something so ludicrous.

The scene that took the biscuit was where she was telling that woman what her flat would be worth when she hits retirement.
Predicting 35 years into the future ?!?!? Are all doom'mongers as utterly idiotic and farcicle as those two idiots???? They took the crystal ball theorem to a whole new level PMSL!

They seemed to weed out only those with a pessamistic view of the future, and found one retard (letting agent guy) with optimism in some deliberate attempt to belittle the positive folk. The condesending facial expressions pulled when anyone mentioned prices being strong somewhere showed a very clear agenda behind the show and its creators. Full of bias and attempted brain washing as far as I could tell.

I for one am more confident those predicting huge drops are off their rockers after that show!

I must say, I do applaud them though, making an effort to push further a crash to the benefit of todays generation, who are undoubtedly struggling to buy a home of any kind. I'm sure many have more hope of being able to buy a house in the future.

Northern_girl_2

phil_b wrote: »

The scene that took the biscuit was where she was telling that woman what her flat would be worth when she hits retirement.
Predicting 35 years into the future ?!?!? Are all doom'mongers as utterly idiotic and farcicle as those two idiots???? They took the crystal ball theorem to a whole new level PMSL!

Yep, I wish I had the same crystal ball!

Also, and maybe I was just being thick, when they were taking out the costs from her 'profit' why did they remove the cost of her mortgage. Surely that should only be removed if she just left the house empty? If she is getting rent that should cover, if not all, at least some of the mortgage? Of course, I might have misunderstood it completely!

PasturesNew

I missed it.
I can never remember when programmes are on.

brit1234

Here is the link to the second program for those who missed it.

http://www.bbc.co.uk/iplayer/page/item/b00bf5dq.shtml?filter=txdate%3A13-05&filter=txslot%3Aevening&start=1&scope=iplayerlast7days&version_pid=b00bf5dn

PasturesNew

brit1234 wrote: »

Here is the link to the second program for those who missed it.

http://www.bbc.co.uk/iplayer/page/item/b00bf5dq.shtml?filter=txdate%3A13-05&filter=txslot%3Aevening&start=1&scope=iplayerlast7days&version_pid=b00bf5dn

Ta
I'll go watch that now

neas

Morale of the story is... houses can go down as well as up..

julz1982

I really wanted to hate the guy with the ridiculous hair cut and bleached blonde "goatie" but he actually spoke a lot of sense, so I ended up liking him! First impressions can be wrong.

lethal0r

they made some good points. not really an hours worth of material though. just a heads up for where the market is right now.

martinman3

Northern_girl wrote: »

Also, and maybe I was just being thick, when they were taking out the costs from her 'profit' why did they remove the cost of her mortgage. Surely that should only be removed if she just left the house empty? If she is getting rent that should cover, if not all, at least some of the mortgage? Of course, I might have misunderstood it completely!

Although they didn't mention it, I assume that the mortgage would be interest only and she would need to sell to get access to her "pension". That is the problem with relying on an increase in equity alone, if she could afford a repayment mortgage she could keep the property and live off the rent once mortgage was repaid.