House Prices

[rustyfunk 10]

Nope, but as it was on Channel 4 I can only assume it was ANOTHER programme about how house prices are in a state of despair.

 

Was it?

 

As opposed to the usual C4 property ramping shows??

 

It was more to do with the state of the (western) world economy and the role of over inflated house prices, dodgy mortgages and 'new financial instuments' which led to the credit freeze/crunch, and how it will bring the sorry story of property porn to its logical conclusion.

 

It is repeated on more 4 on wednesday night at 9pm iirc. Anyone with an interest in this thread should watch it - especially you phylis

[Stebbil 10]

I do agree with you that programmes such as Property Ladder currently will not have the appeal to viewers as the potential for increasing a properties value simply by adding a lick of paint has been lost. It was always interesting to watch that the reason the property value had gone up so much was 90% to do with the fact it took them two years to complete and 10% to do with the actual work that had been done.

 

People are interested in property and it does seem that the ones about the housing decline are taking over the location location.....etc ones. However, even with the others you have mentioned on alternative channels, channel 4 certainly has cornered the market of the "doom and gloom housing crisis" programme. Much in the same way it has about fly on the wall documentaries about obese people in America

 

We will see how the year progresses.....will it agree with Sham, or agree with Phylis? Place your bets people

[Phylis 10]

As opposed to the usual C4 property ramping shows??

 

It was more to do with the state of the (western) world economy and the role of over inflated house prices, dodgy mortgages and 'new financial instuments' which led to the credit freeze/crunch, and how it will bring the sorry story of property porn to its logical conclusion.

 

It is repeated on more 4 on wednesday night at 9pm iirc. Anyone with an interest in this thread should watch it - especially you phylis

 

I did watch it and it told nothing that wasnt already known.

[Phylis 10]

There is - it's something to do with the Land Registry but the daata is not exactly up do date (maybe about a year out).

 

Try ourproperty.co.uk they have sale price listings which are updated every month. They list upto december 07 at the minute but will update at the end of this month to show Jan 08.

[sham71 10]

I did watch it and it told nothing that wasnt already known.

 

Phylis, as you already knew everything, can you tell us what the programme was saying about credit default swaps (CDS) and how it is going to make the next stage of the credit crunch much worse than the first.

 

And can you tell us why that doesn't make you think house prices and the economy are due for a big fall?

[Stebbil 10]

Can you explain what CDS is please

[DavidRa 10]

Phylis, as you already knew everything, can you tell us what the programme was saying about credit default swaps (CDS) and how it is going to make the next stage of the credit crunch much worse than the first.

 

And can you tell us why that doesn't make you think house prices and the economy are due for a big fall?

 

Impossible to predict accurately house prices etc obviously economic factors play a large part such as interest rates, swap rates the lack of securitisation opportunities and the impact on mortgage rates, the high oil price the signs are not good we have only seen a small decrease in house prices.

[rustyfunk 10]

Phylis, as you already knew everything, can you tell us what the programme was saying about credit default swaps (CDS) and how it is going to make the next stage of the credit crunch much worse than the first.

 

And can you tell us why that doesn't make you think house prices and the economy are due for a big fall?

 

House prices are immune from economic shock

 

*repeat 'til true*

 

[Stebbil 10]

Just out of interest, if there isnt a sharp drop in house prices over this year or next (and am not saying there will or wont be cause i simply dont know) what will will the people who are predicting the drop going to say? I assume they will say it will happen the year after instead. Is this thread therefore going to go on for decades?

[sham71 10]

Can you explain what CDS is please

 

Phylis will as the programme told her nothing new.

[Stebbil 10]

Thanks Sham, very helpful

[Tony 10]

sham71, I know that you and Phylis don't agree but can you stop this continous low level sniping please.