The London Tonight interview was broadcast on ITV with LIVE comment from Kirstie Allsopp.

If you missed it, dont worry here's the video (WMV - 4.499 MB).
....and here's our Press Release in response to Kirstie's comments.

Broadband PC Users - Should work no problem in Windows Media Player.
Dial-Up PC Users - Allow 20 mins for it to download to Windows Media Player.
Mac Users - Sorry guys, we tried but couldn't get this into another format.

THIS EXCHANGE happened on another website (hpChat)

...Is it a Wind-up? as I suspect?...


The Professionals
28 Aug '04 09:59

DrBubb

Your claim that FTBers are not panicking to get onto the property ladder is not supported by that awful website that you shamelessly plugged just now because at that website I have seen some posts from some people that were shamelessly gloating that they have STRed recently and bragging about how much money they made, which can only mean that there are people that are still buying property.

DrBubb, you and that scurilous website is just trying to cause a panic by spreading rumours that there is going to be a crash so that prices will come down to enable those that STRed recently to make money from the misfortune and misery of other people. It is enough to make me see red! It is a bit like someone putting smallpox into the water because they have the patent to the smallpox vaccine.

= = =

MY RESPONSE:

DrBubb
28 Aug '04 10:12 : edited 1 time : last edit 28 Aug '04 10:14

The Pros,

I suggest you take a deep breath,
and try and write something less emotional.

It would be madness to blame the messengers who are talking about
a possible severe downturn. Better to blame those who will be genuinely
responsible for the pain: the brokers, agents, promoters, who have pumped
the market up, and benefited financially.

If you think you are on the high ground, better look again

I was trying to colour kirsty allsop's face in red - but then I thought I can't be naffed because soon she really will be going red - with embarrassment.

she will be having the red face - you watch.

What amazed me is that they allowed her to peddle her incorrect views. The last crash was not caused by high interest rates - we had high interest rates all through the boom - the really high rates came in 1992 before and during the ERM fiasco. The crash was caused by property prices being fuelled by greed and desperation to unaffordable levels. The same thing has happened now. It is not rocket science. Markets have their own dynamics. She referred to the misery a property crash would cause. What about the misery the property boom has caused? Loads of young people unable to afford anywhere to live and those that have managed to clamber on to the first rung of the ladder - saddled with massive mortgage debts. This is a good thing?

I've just noticed the caption on her picture. It says Property Expert. Yeah? Who says so?

i could quite happily throutle her!!!!

Insider trading? I don't know anyone else but I haven;t got any inside knowledge?

As for you BBB, your obsessed with making money, does it make up for some amazingly small genitalia? Are you hung like a buggies tongue?

Stop going on about money as though it's the only worthwhile part of your life (appologies if it is). If it is then buy all means visit www.rent-a-friend.co.uk, use go nuts, get a few, have a party.

I need a home, not a house, a home. I don;t want to make money, I just want to be able to afford a home, I'm happy to pay my morgage for the next 25 yrs.

I like most other here just want a half decent place to live, but, we can;t afford one (not yet anyway).

Yeah, it's just an opportunity to watch Krusty get over emotional.

I've only recently seen this video - its a shame its not on the front page for those who don't know of its existence. (It's also attached to a really boring old thread).

Anyway, my comments might be a bit late, but what does Kirsty the Clown mean by this (referring to STR) 5'10" in to the video:

"with stamp duty and agents fees you'd have to be looking at a 20% market crash in order simply to break even if you came out of the current market for more than a year"

A seller doesn't pay stamp duty.

I'm sure she's right though, she speaks with such passion.

Kirsty Allsop !!!!!

Well I was "investing" in the housing market ..........when the Producer of "Location Location Location" was a 16 year old schoolgirl working weekends and holidays in our shop on Skipton High Street ............and what a lovely, hardwoking, honest Yorkshire Lass our Katharine was/is.....used to dress a bit old fashioned mind, she liked her frills............but she is a Dales Farmers Daughter......So its not surprising she picked Kirsty to "Front" Location, Location, Location.


Regards this site................well I just found it a week ago..................and all I can say is ................It was about time something emerged to counter the garbage that is constantly pumped out by those in the pay of "Vested Interest" groups.

All markets are cyclical, and the housing market is no exception. And IMHO the present Housing Market, is in the process of topping out. You can measure cyclical markets from peak to peak, or trough to trough. This one has been fifteen years in the making, 1989/90 to 2004/05 peak to peak.

This UK bull run was [like in the USA] massaged by low interest rates, to induce Joe Public to spend spend spend. It was needed to prop up the Stock Markets with consumer spending, in the absence of corporate spending. Such market massaging can not be sustained indefinitely. Value has to return to any/ all markets before buyers will buy the market, and that means a market sell off has to take place before this can happen. .........Kirsty love....wise up.

Just found this gem.

HPC is "soooo irrisponsible". What about those poxy home, makeover shows kidding ordinary Joey's that some pokey pisshole is worth 200 grand because it has snakeskin tiles in it's bog?

The STR's are also irresponsible (savvy?). Apparantly HPC is like insider trading! FFS she really is a grade 1 muppet with a 1st Class Honours in Muppetry.

I'd force everybody in the UK to watch this.

She says economists are the only ones predicting a house price crash. Yeah, what do they know eh? Economists, what do economists know about markets. What a stupid group of people to ask about house prices.

!

I found it hilariuos too.

Wot's going on? I could not open either the video or voice link- Web page unavailable. Any tips on how to open?

Just checked the links and it works for me.

I think shes an ignorant tw*t who is full of sh*t, isnt what she is doing far far worse than what this website actually does? Im sick of all this one sided ******** we see on the media.

Shes basically telling all to go out and buy because the only way is up in value. If people follow the advice of this site what do they actually loose? If we invest sensibly and dont overstretch ourselves would a house price crash actually affect us?

I cant see why they are making this site out to be the bad guy, everything i have seen on here is presented with some form of evidence she makes out like you guys are just spouting mindless doom and gloom.

Who says houses are an investment? why should the value err I mean cost go up? they are just like ex wives they need maintenance and produce nothing.

The thing about Kirsty whatever-her-name-is that really makes me dispair is that I once read an article in a sunday paper, maybe is was about year and a half ago, where she was trying to pursuade young people getting on the ladder to raise funds however they could to get on the ladder, before you are priced out into a dickension-workhouse future of abject misery and poverty, instead of a dickension-workhouse future of abject misery and poverty in the 300K s**t hole of a mortgaged box on the 50th floor of an ex-authority block you bought back in 2005. Sell grandma's jewels, donate blood to private bloodbanks, volunteer your body to drug research institutes, work the streets in your evenings off, work three jobs, anything, everything.

She then told her own heartwarming story of how, as a 19yr old girl working in London all those year's ago, it was exactly the same, she couldn't afford to move out of her faimly home in Kensington Mews (F**** Hell!!!!!!! You can't even get a garage there under a million squids in that area, not even back then) and how she had to struggle to buy a modest two bedroom appartment in Clapham, which was up and coming. Granny lent her a 50% deposit so her job would cover the mortgage - that was oh, in 1993 as I remember in the article, oh yeah, just around the time of the last crash-trough as I remember. Convenient huh? So that was Kirsty's warming little story that propelled her into the world of property professionalism.

She really had to struggle some, huh? What are all those FTB's earning average money who have absolutely no chance of buying a delapidated craphole in those areas of London moaning about? All those nurses, firemen, teachers, shop workers, restaurant workers, etc., moaning about. Kirsty had to struggle but she just got on with it! So there!

Kirsty really is a person of astounding sensitivity and tact IMHO.

Kirstie can **** off and die!

Just watched this and yes it should be somewhere prominent on the site. Now I see why people on the site are so enraged by Kirsty Allsop. She talks utter crap. She shows she has little understanding of financial matters. Oh yeah, these people just went and set up a website that will cause the market to crash while they go off on holiday. No they didn't - they set it up for the education of the public and to fight against VI's like her. The fact they are going for a year out is irrelevant - apart from STRing means you can just up sticks with no property ties

One things for sure- She must really be scared of a HPC to react like that and she actually thinks that a site like this can cause it!

Talk about someone with a VI! Facts are facts.

They should interview her once the crash has happened. Wonder if she'll be like Saddams spokesman, the one that was denying everything!

If she was a FTB in 93 (the very bottom of the last crash) and her Granny gave her a 50% deposit to buy. She is very, very fortunate. It doesn't qualify her as a property expert, whatever that means. She unwisely and outrageously said, buy now properties will not go down. what planet is she on. To protect herself she should of followed up that comment with "my comments are personal and do not constitute investment advice". She looked naive and foolish the next 18 months will add to this.

Pablo Silver or Lead!

webmaster - works on a mac fine.

thats a funny video.

she's a bit mental though, saying stuffing about having a vaccine or antidote for poisoned water. what an evil mind. bonkers too, getting all flustered up like that on live tv.

Any chance of fixing the link to the press release in the opening post or posting the text here? I'd be really interested to read it.

Sorry about that, all fixed now.

Still won't work for me

Right click link and copy into windows media player, that's how I got it working..

As I'm a HPC newbie it's the first time I've seen that video. That woman (kirsty) is a complete fruit loop....
Thank's for that, it's brightened my day considerably..

Cheers - just watched it for the first time.

Can't believe that someone who has got so much public exposure and has used this to ramp up house prices can accuse a website of behaving like insider traders in the stock market.

Still, she seemed a little angry - can't think why

I think we shouldn't be too harsh on the poor woman. In the politest possible way, I have to say that she isn't the brightest of people. It really does look as if the Directors at channel 4 may well have some vested interest in using this woman as a tool.

We need to ask ourselves how can someone this uneducated and silly be given a platform to promote debt.
Who chose to put her in the Channel 4 Programmes in the first place? who decided to air the programmes? and who authorised/came up with the property programme ideas? This woman was created and used as a tool by the directors of C4 either to promote their own VI in the housing market or those of the C4 sponsors.

Surely to get angry at her would be like getting angry at the bulldozer that was used to knock your house down, instead of the person driving it?

The less intelligent are often used at tools, just look a G.W.Bush. Does anyone really think that someone with such a low IQ is really running the country?

I think showing the folloy of what the pawns say is helpful. I think it is also useful to highlight the VI of the controllers of the pawns and publicise it in any way possible.

Anyone any idea what the VI of C4 is, or are they just pandering to the wants of the homeowners?

When all is said and done, we all found HPC because we took responsibility for our own lives with regards to buying a house, and did some research on the internet. As 1 in 3 people have internet access then 1/3 people have the opportunity to do some digging of their own before they take out such a big loan that will affect their lifelong financial situation. Kirsty has never held a gun to anyones head and made them buy a house. Anyone who would base their home buying decision on a TV programme is being irresponsible.

Agreed but the programmes lead to pressure from parents etc to get onto the ladder. So even those who have never seen it are indirectly affected by it.

I think the "red" she is seeing is the colour of her bank balance after the crash.

You lot are the best! I am sat here crying my eyes out with laughter and just forced my husband to watch this and read all of your posts. I am a believer in what goes up must come down and totally agree with all of your comments here. I thought things would come down sooner - but the crash will come - I really hope that it doesn't leave some people in trouble as that's not the reason we're all waiting! People I talk to still think that growth of 4% in the market is good news when they're probably paying 5% interest on a non-repayment mortgage so they're just renting from the bank and paying to do the place up to boot. All of my friends have been busy remortgaging to pay for home improvements with money that isn't actually real until you sell the house for what it's supposed to be worth. I have been telling everyone to be careful and to look for the signs but they just want to 'do the done thing' for some reason. I love renting - we have two extra bedrooms and a better location for our money, we might not be able to make improvements and have a designer pad but I feel a lot freer and less restricted thanks to not having a 25 year commitment.

Agreed, but it will leave many in serious trouble. The longer the crash takes to happen the more people will eventually be affected, so it is in almost everyones interest to get it over with. Unfortunately, life is not like that.

If you listen to Kirsty you can hear her say that... the reason why we wont get a house price crash is

1) Interest rates are low (Well, looks like they are forecast to rise now)
2) Unemployment is at a historical low. (Week after week.. almost day after day we hear of job loses)

She took the existence of this website far to personally to be an independent market expert/analyst to the public, her outburst proves this. She should be dropped by any channel especially as very soon she will be VERY unpopular by the masses.

And on the accusations thrown at us for engineering the coming crash proves how dim the woman really is!

How can an analysis of the UK and World housing market by the people on this website and the readers of this website (Which is a small percentage of total population that watch horrible programs like hers) bring the market down?

She better be able to plead stupidity in court when all the people that financially ruin themselves start looking
to the people who were in a trusted position who gave unprofessional and biased advice.

CAS

Maybe this has been discussed before, but people in extremis can be totally irrational. I wonder if this site might be held up as a scapegoat, ie 'HPC wouldn't stop talking about it so they made it happen'. It's pretty difficult mustering up a lynch mob to attack a web-site, though - I hope.....

TLM

Whats her level of education?

Probably a 50m swimming certificate and and "O" level in needlework.

And Granny gave her the deposit. Didn't have to work too hard to get started with then, did she? Still couldn't buy my house now even with a 75% deposit. Dreamworld occupant. I hope she loses the bloody lot. Shall we award her a new certificate in the art of talking s**t? Wake up darling, the bogey mans coming to get you......

Hmm, I dunno, what do you mean by 'average money' I think someone on national average money can certainly buy a nice house in London, infact I know that's true becuase I did it ! Read my FTB story if you are interested. Someone on London average money can certainly afford a house!

I think the point is that there are certain essential key workers that dont make average money, not teachers btw, my gf gets paid more than I did at her age, and its around the national average! But obviously there are many workers way under the average that are going to struggle. Im not sure a big crash will be great for the economy, Id rather just see prices sit still for the next 10 years, which is what I personally think will happen. Either way Im gonna continue to save and work as hard as I can so I can provide for my family, what else can we do..?!

Oh dear poor Kirsty AllSlop. She's annoyed. Annoyed at a website that mirrors the views of millions of Brits.
Wake up and smell the coffee sweetheart.
You fuelled this crap. Now it's time to face up to the reality of what you've created.

I'm annoyed at you too BITCH.

Has someone already said that this works a treat on mac?
Ta very much anyway.
Hilarious!

Funny how she winges about the rules of the stock market and the regulations are in place. Since when were rules and regulations applied to this money printing industry?

Touchy wasn'tshe ? Stamping her little feet and throwing her toys out of the pram !!!! Looked quite sweet actually, didn't she ?
One worry I have got tho , I note that the clip came from August 1994 2 1/2 years ago , sadly still no sign of the crash . Keep watching tho , I reckon it could be soon

1994?

OOOOPS!!!!!!!!!!
2004 LOL

OK, so I had a few scotches tonight but does anybody else think that Allsop is worth a scooby-doo?

Yeah when it all goes tits up... literally

After watching the video I came to the following conclusions

1. Her concern that anyone who sells to rent with the aim of prices coming down, maybe priced out of the market. Yes this is a possibility and a risk. One that she does not think that anyone should take. Her anger towards anyone who encourages this is understandable given her views. It seemed that she really did feel that such advice was irresponsible.

2. I was rather touched by her belief in the power of the media and this web site in particular. The talk of insider trading etc. Seemed to point to her belief that HPC could influence a crash. Which is unrealistic.

3. I did wonder if her rage was due to the fact she reads this site and has seen the slating she receives. Particularly the negative emphasis given to her appearance.
Which to me has always seemed over the top and an issue of inconsequence.

4. I shall continue to ignore her property programme (as I have for a long time).

Actually, I think she's quite aware of what she's doing, and she will be rightly vilified for her irresponsible property ramping by those badly affected by her advice.

lol just seen this for the first time.

Sold house in Mile End London in 2003 due to crash coming in the autumn ouch!