For what we are receiving, may we all be truly thankful...

Download Moneybox extract on house prices (5 min 25 sec, 32kbps MP3, 1.24MB)

This is on Radio4 right?

I assume you were on the pre recorded program? I hope you gave 'em some stick FP.

And can I request that in future posts are left to circulate normally for a few hours before being pinned? I'm sure these threads will get more exposure that way.

Right now this thread has only had 249 views - it should have had far more than that.

I won't be able to listen to this 'live' but I'll be listening later:
http://news.bbc.co.uk/1/hi/programmes/moneybox/default.stm

That's because there have been only a couple of posts.

...I'm waiting....

Guy speaking now that it is a good thing that we will be able to borrow less in the future! Inflation rising....

He's on

FP on now.....

"BTL 'flocking' to exit"

Presenter - "You've been predicting this for years - (YAWN)"

Presenter - "Housing surplus - (YAWN)"....

Well done - You held up well!

Bulger: "5 per cent drop then it will pick up."

VI kn@b!!!

Great work FP - well done. You countered all the blows from the interviewer very confidently - you are clearly very well versed in this now ! Nice to hear even VI Boulger admitting that prices are coming down and will continue to do so - even if he did spoil it rather by suggesting that rate cuts will spur a revival.


When can we look forward to hearing you next ?

In the words of Jack Bauer... "Dammmit" - I missed it.
Anyone know when it'll be available as a 'Listen Again'?

Tomorrow - see the other pinned thread.

Now - http://www.bbc.co.uk/radio/aod/mainframe.s...radio4/moneybox

Good solid points made by FP, same old discredited arguments from the VI side (housing shortage?)

I think that over the past five years the points made the HPC lobby have always been solid. It's just that now people are starting to believe us with the evidence of what is happening in America and our own housing market hitting all the same branches on the way down. Sentiment is slowly turning, there are fewer bulls around and the bears are beginning to be treated with a little more respect.

Paul Lewis:- "Mr Boulger, before we start, may I ask how many UK properties you & your wife own?"

Maybe we could suggest some replies to the same old VI mantra.

VI says "Shortage of supply means house prices will continue to rise"

FP's reply to be "If you ignore the 840,000 empty homes, then I agree, there is a shortage of property"

If FP says one of your suggested replies in a tv or radio appearance you get a big pat on the back.

At least they all agreed prices will fall, if not all agreeding on the amount of the fall. Well done.

Fantastic interview just now! JD gave clear and reasoned evidence for his prediction of a 40% drop (e.g. America), followed by Boulger, who simply asserted his belief that the credit crunch would ease off sometime next year and then, after a rocky few months, everyone will live happily ever after.

Interesting change of tone from the BBC. A few months ago they wouldn't have given anyone from this site the time of day. For a while they occasionally interviewed someone from Priced Out, but she was clearly out of her depth, incoherent, failed to press home relevant arguments and was always followed by a slick and well-rehearsed VI. The boot was certainly on the other foot this evening.

My thoughts exactly. There was once a time when anyone on the "doom-monger" side of the fence was portrayed to be a complete nutter by the media. Now, everytime JD is given an airing he gives the public the impression of being slicker, better informed and well-argued than whatever VI is rolled out to counter him.

Well done FP. When all of this has played out to it's conclusion we'll use some of the piles of money saved by HPC'ers or STR'ers to build a 200ft gold statue of you in Trafalger Square.

Or we could have a monument of a big cliff with Rosie Millard about to run off the edge of it. Kirstie Allsop could be standing there encouraging people to run off it too.

anyone got a link?

http://www.bbc.co.uk/radio

then go to Radio 4 ..... Money Box ..... Listen Again

The program finished with Ray Bulger forecast of 3% drop in house prices next year

Thats enought to keep any listening BTL or first time buyer away from the market

3 % drop in house prices? What, like each month of next year?

Don't be daft. That's 3% a week.

Compounded.

Oh dear, there goes the BBC again trotting out the "shortage" myth. Jonathan did his best to point examples of this being not true during a very short interview, but what I cannot stomach is this completely unsubstantiated and universal assumption of short supply perpetrated by the media. It simply is not true, and hasn't been true for a long time. All it demonstrates that if someone with access to media says ANYTHING repeatedly everyone believes it.

I hope the next time anyone has the opportunity to appear on broadcast media, instead of countering this myth with polite reposts, they are given the courtesy of time to stop the interviewer in his tracks and say; "just a minute....WHO is telling you there is a shortage...have you checked your facts...where are your statistics proving this....are you just spouting this because everyone else is.....where is the meat in your assertion...why are you spreading this myth.... What are your motives? etc etc.

I'm not knocking Jonathan here. The fault rests on the absurdly short amount of time he was given and Money Box's renowned slavish pandering to VI's and far too bland presentation of the whole money industry as its friend rather than giving consumers the truth. It is all far to cosy and polite.

The whole financial world is full of men in suits affecting a bland exterior while the inner sanctum of financial institutions behave no differently, in effect, from thugs, muggers and low-life spivs.

VP

The Media's Shortage Myth - needs debunking
Let's collect evidence here



They are mis-informed:

"The prime country market is awash with properties for sale,
with stock levels up 40.0% on last year and up 5.5% on last month."

/see: http://www.primelocation.com/priceindex/2007/october/3

Did I imagine it or was the thrust of the HSBC economist's report almost entirely based upon a debunking of the shortage myth (by contrasting price growth to rental growth)?

I had, perhaps rather optimistically, thought that was going to be the end of it actually.

It might have been, but the mainstream media by and large chose to ignore the HSBC report totally!

The BBC's website recycles EVERY VI press release that lands on their desks, but I still haven't seen the report mentioned.

I think FP should be a little more asertive in areas like this. FP v Bulger has been done before and the back and forth was much the same. Time to say "Hold on a minute Ray. You trot out this shortage with every time we meet. Show me the shortage in estate agents windows, etc,"

The podcast isn't working? It's last weeks episode.

http://www.bbc.co.uk/radio/podcasts/moneybox/

A bit of rooting around would have got you there:
http://news.bbc.co.uk/1/hi/programmes/moneybox/

Much better put than my suggestion. I agree, the shortage fiction has to be challenged every time it is presented. It is as mythical as fairies in the garden.

VP

That's the Listen Again realaudio stream, I wanted the downloadable mp3 podcast.

What a ridiculous forecast - what did he base that number on?

The Lereahean theory.

Emphasis on "theory."

Definition of a soft landing: The final result of falling from a great height onto a large pile of soft sh_t.

Housing shortage??? There's close to 1 million houses for sale on Rightmove.

It was the first number that came into Boulger's head ..........excellent work as ever FP.

Very nicely presented, FP. Bold, clear and concise.