Trevor McDonald's Tonight programme - Reposession, Reposession, Reposession.

FaTB

Did anybody see the programme last night ? ITV 8pm between Corries

Has the mainstream media finally woken up to the UK's debt crisis and the biggest property bubble ever ?

Anybody see it, what are your views on the matter or the programme ?

wobblegobble

Yep saw it. Very interesting. Think the mainstream press has now finally cottoned on to this. This together with the recent articles in the Times and Guardian might convince some more people of the current/future state of the market. Mentioned it to a few people at work who also saw it and their reaction was " Mmm you might actually be right after all".
Almost makes up for the months of ridicule I had to endure when I was the only one who thought that prices were going to fall! After all house prices always go up don't they Kirsty?

Woby_Tide

Not sure the Times really are subscribing to that view yet. Even this weekend they were running articles called "Is the worst now over?" and trying to highlight why market why be stabilising

http://property.timesonline.co.uk/article/0,,14049-1776988,00.html

wobblegobble

I was actually referring to this article in the Times :

http://property.timesonline.co.uk/article/0,,14050-1769541,00.html

Point taken about the article this weekend, but I think that the article will actually make most people more worried than reassured. Worst over?
Was there a problem then? Funny no-one mentioned it earlier in the year. The article also goes on to mention that not everyone thinks the worst is over.....

Woby_Tide

(your link is broken, think it's the c'n'p)

not sure I agree with other comments either, pretty much all press has acknowledged price rises have slowed dramatically, and fallen in some areas. But Capital Economics still seems to be only main dissenting voice(also their figures always seem drastically polar opposite to lots of other stuff, i.e. price fall predictions much higher than others whilst interest rates seem lot lower than others, very bizarre)

FaTB

The articles you are getting in the media now are very similar to many articles seen during the last house price crash.

There were lots of conflicting reports, and headlines promising a recovery every year through the early 90's

See - what the papers said last time around, sound familiar ?

http://www.housepricecrash.co.uk/site-map.php

djohn2002uk

YAWN! :rolleyes:

wobblegobble

Link should be ok now. Not sure if Capital Economics is the only dissenting voice predicitng falls though - The Economist, American Express, Invesco Perpetual, Durlacher etc etc are all predicting falls. Anyway no-one will really know for sure. I do know however that I will not be buying soon! People will always disagree on this - only time will tell.

FaTB

djohn2002uk wrote:

YAWN! :rolleyes:

You can yawn, it doesn't mean its not true.

Just hope your not one of these people who've recently bought, and already struggling with a 100% I.O. mortgage

CTT_2

Come on Helen R you can manage a one liner. YAWN, YAWN

rrwfotr

I work in a big telecommunications company in the UK and the majority of our internal IT/telecoms work is being off shored, thousands of people may be made redundant in the near future.

I think it's just a matter of time to a major recession. The UK does not produce any suffient GDP and basically the majority of our work is service originated on a world platform. And the majority of this work is being sent to cheaper economies such as India and China who sooner or later will go up the value chain.

Feel sorry for the poor idiots that have loaned themselves up to the neck!! Expect a major drop in your lifestyle very soon.