Britain's Biggest House Price Falls:

Tonight ITV 1

Wednesday 9th January 10:00pm to 10:30pm

Investigation into the current downturn in Britain's housing market, revealing the areas of the country worst affected and asking not just who stands to lose out, but who stands to benefit from the slump

By 1994, if you said you were thinking of buying a house, most people thought you were mad

By 1994, if you said you were thinking of buying a house, most people thought you were mad

RB, you're probably right, there is still a determined attempt to deny what is happening and what is ahead. But I remember several similiar programmes back in the early nineties full of horror stories about negative equity, repossessions, and house prices halving in 2 years alongside estate agents claiming, laughably, that everything was just about to pick up again. Sentiment changed profoundly.

By 1994, if you said you were thinking of buying a house, most people thought you were mad

When people start saying this again you will know that is the time to buy.

Don't think 1994 was the time to buy,it certainly didn't really get going until 1997-1999.The three to five years after 94 were marked by stagnation.I was laughed at for buying a house for 77K in 1996,property then was still thought of as something that only goes down after seven years of inflation -adjusted falls.I eventually got out via a px deal involving my property at 300K and then had to off-load the px.This was 2006 and was about two years past the peak for Derbyshire.I bought a little early and sold a little late.

Just a thought here...

What would the lead time on such a programme be?

Interesting question. I reckon a small independent company could produce such a programme in under a month. I once got involved in a small scale documentary that was commissioned for English Language teaching concerning the incorrect use of the apostrophe. Long story but someone had picked up on a court case I was involved in that in part rested on the incorrect use of an apostrophe and telephoned me to see whether I would be interested in appearing on this programme. I agreed, spent one day in London filming and the whole episode was completed within a day and edited within a week.

"thats" quick

They may have the usual panel of "experts"* trying to defuse the full horror of the crash by saying prices have "crashed" by as much as 0.1% and could stagnate going into the first half of 2008 before regaining upward momentum in the second half.

Might be worth a look:



ITV.com

New Year Debt Busters:

Friday 11th January on ITV 1 from 8:00pm to 8:30pm
Tonight ITV 1

As the cost of Christmas adds to Britain's debt mountain, which is increasing by £15million every hour, Jonathan Maitland looks at what can be done to control the nation's credit culture and cure the financial hangover

Will somebody please tell me what the is official reason given for this?

Just a thought here...

What would the lead time on such a programme be?

Interesting question. I reckon a small independent company could produce such a programme in under a month.

Don't think 1994 was the time to buy,it certainly didn't really get going until 1997-1999.The three to five years after 94 were marked by stagnation.

So 'they' say, but i'm not sure it will be the same in this mother of all booms (and presumably busts), as we are into unchartered territory in terms of size and consequence.

When people start saying this again you will know that is the time to buy.

Interesting question. I reckon a small independent company could produce such a programme in under a month. I once got involved in a small scale documentary that was commissioned for English Language teaching concerning the incorrect use of the apostrophe. Long story but someone had picked up on a court case I was involved in that in part rested on the incorrect use of an apostrophe and telephoned me to see whether I would be interested in appearing on this programme. I agreed, spent one day in London filming and the whole episode was completed within a day and edited within a week.

Don't think 1994 was the time to buy,it certainly didn't really get going until 1997-1999.The three to five years after 94 were marked by stagnation.I was laughed at for buying a house for 77K in 1996,property then was still thought of as something that only goes down after seven years of inflation -adjusted falls.I eventually got out via a px deal involving my property at 300K and then had to off-load the px.This was 2006 and was about two years past the peak for Derbyshire.I bought a little early and sold a little late.

"Britain's Biggest House Price Falls: Tonight
ITV 1
Investigation into the current downturn in Britain's housing market, revealing the areas of the
country worst affected and asking not just who stands to lose out, but who stands to benefit from the
slump"

I can tell RB et al that it will be full on HPC friendly.

100% fact. Guaranteed...

Hi FP .. would I be correct in infering from your comments that you had some involvement in this program ?

Might be worth a look:



ITV.com

What Britain Earns Wednesday 09 January
9:00pm - 10:30pm
BBC2
Each year at this time, the Snows descend on Britain. Two years ago Peter and his eager son Dan toured the country to discover who owned Britain, then last year they revealed what it was all worth; now they explore the touchiest subject of the lot - how much we earn. It makes for another semi-diverting ramble through the byways of the economy. Peter, whose lofty tones and loftier eyebrows are nearing national treasure status, is accompanied by his usual graphics magic to make all the big numbers palatable. He also puts Dan to work in a range of jobs from picking leeks in Norfolk on the minimum wage to City trading, all of which Dan does only slightly worse than his day job. But the most remarkable scene is a detour into shoe magnate Tamara Mellon's walk-in wardrobe, her "B closet". Your jaw may drop.

Also definitely worth a listen is 'Debt Threat' on BBC World Service.

The first episode was broadcast last week and can be listened to again here: http://www.bbc.co.uk/worldservice/document..._threat_1.shtml

The second episode is titled 'Any Escape?'. The blurb is...

The second programme will look at the dangers of the present crisis turning into a full scale recession, and at the seemingly desperate attempts of bankers, regulators and politicians to prevent that happening.
What chance do they have of success? And does history have any lessons to offer?
With house prices and stock markets already beginning to fall, the debts which are secured on them look ever more fragile. Can anything be done to stabilise the situation, and avoid ever more pain in the real economy as the monstrous debt pile unwinds?

The second episode is being broadcast tomorrow (7th Jan) at 9.05am, 12.05pm and 8.05pm.

Enjoy!

Is the programme going to be studio debate or docu?

Might be worth a look:



ITV.com

Remember that if you have reasonable equity in your house and you are not planning on selling then a 'fall' in house prices is only a fall on paper. It is only realised when it comes to selling the property. Even then, most homeowners and BTL Landlords who have bought in good locations have owned their properties for a period of time so an absolute loss is very unlikely.

Disagree.

Anyone with a say £450k house and say £200k mortgage and say £25k other debts with the debts serviced by 2 incomes - as most are - will care greatly when one loses their income. This is not extreme.

Also, why service a debt on a falling asset. If, like Japan, prices are no higher in 20 years than today (there, they are 20-30% below!!!) why on earth keep that debt, when you could put the money to far far better use elsewhere?

i disagree with your big IF

Actually we ar very similar to Japan of the late 80s. I'd give it at least 50/50. Irrespective, what about the scenarion I put - I take it you agree with that asd you didn't say otherwise. Hence, many who will not be theoretically in -ve eq will fee it very very hard indeed - and that's putting it mildly.

so where do this family live after they sell their home?

I know its pinned but lots of us may not notice it there....

Bump this when you read it so it does not fall off the front plage (so we all get to see it).

Thanks, I had forgotten.

I think the pinned threads have been there so long I don't notice them anymore.

[quote nameCan someone record it and MPEG it?



GOD ! if i knew what that was i would gladly do it for you !!!!

Wow - real entertainment!

8.00 Ch 4 - Kirsty and Phil - How to make a killing in property.

9.00 Ch 4 - Hugh F-W - How to kill a chicken!

10.00 ITV - Biggest house falls!!

Thats what I call entertainment!! You have to laugh - all we need now is Jamie O trying to save the poor bush tucker creatures - or at least cook them properly. What ever happened to the 'Good Life' or Morecambe and Wise.