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The credit crunch is the medias fault

Started by propertyfag, July 03, 2008, 09:18:28 AM

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propertyfag

says Evan Davis. Evan Davis is the BBC's ex-economics editor, now a presenter.

Davis, who was interviewed by his BBC colleague Jeremy Vine in Glasgow, said the media may also have helped inflate the market by reporting on every new house price survey – even when several of them were coming out in the same week. "There was a period when online – not just online and not just the BBC – when house price stories were very interesting," he added. "If you report the same thing five times then it sounds like they are going up even more. We in the end drive these things up just as the media did in the dotcom boom," Davis said.

Source here

Agreed? Agreed.

LisaE

I totally agree, I have investors who have been investing for years and all of a sudden think it's a good time to sell!! I personally think it's and excellent time to buy as we are still getting no money down deals even some cases getting paid to buy properites i.e cashback as well as deposit.  I think anyone looking to sell their investment properties are mad.  I don't think the media is doing us any favours.

propertyfag

hey Lisa,

has the current slowdown in the market affected you badly, or are you still trading as usual?

LisaE

Hey, No we still trading as usual but are finding that less investors are willing to put money into the deals whereas back end of last year everyone was paying deposits now it's all no money down deal stuff

Crystal

I totally agree with ths topic title...

Look at Northern Rock - one moment they need a loan, a week later thousands of people withdraw their savings. What happened in between? Oh yeah, Sky News.