ITV now! Buy-to-let crisis

[~Craig~]

you're all doomed!

[cailin maith]

I'm watching that too -

[GeorgeGregan]

Do you think there'll be a proliferation of these type of shows to replace property ladder, a place in the sun, etc. etc.

I know I'd find it more entertaining!

[Gonzo]

Me too. How embarrassing.

Can't help but chuckle at these people that bought properties without looking at them, did no research, and are now finding that they are stuffed.

[HairyArsedBloke]

You'll need a LOT more programs like that one to scare the voters enough that they will get rid of el Gordo and his pals.

[Gonzo]

Do you think there'll be a proliferation of these type of shows to replace property ladder, a place in the sun, etc. etc.

I know I'd find it more entertaining!

I think that there's already one called "Homes under the Hammer". They can keep the title the same but instead make it about people whose houses are repossessed - will it raise enough at auction to clear the mortgage? How much will they still owe the bank after the house has been sold? Ooh, the tension will be electric

[Turion]

They're working on a new series called 'Property Snake'. This will give advice to those, who by circumstance will be sliding down the property market.

[bogeyman]

They're working on a new series called 'Property Snake'. This will give advice to those, who by circumstance will be sliding down the property market.

Turion dear boy,

You seem to have something of an agenda here.

Mostly, seems to be abject hate for those who have invested (and won) in property in some fashion.

At every turn, you seem to predict and relish their downfall. Doom and gloom with you all the time.

So what's your agenda, Turion?

[Turion]

They're working on a new series called 'Property Snake'. This will give advice to those, who by circumstance will be sliding down the property market.

My posts are meant to be informative and sometimes witty

There is no hate involved here. I am owner of a modest single property, thankfully without mortgage. So, If values fall, it will affect me also, though not particularly adversely. It will benefit those who want to upgrade as differentials will be lower, and first timers. Lower prices mean lower overal repayments.

The falls will be beneficial and allow people with modest incomes who save a deposit to buy without massive leverage. Prudence and hard work and productivity will be rewarded, instead of buying a pile of bricks and simply watching the value rise. It's only the reckless and stupid who will really suffer now.

Hope that answers your question

[bogeyman]

My posts are meant to be informative and sometimes witty

There is no hate involved here. I am owner of a modest single property, thankfully without mortgage. So, If values fall, it will affect me also, though not particularly adversely. It will benefit those who want to upgrade as differentials will be lower, and first timers. Lower prices mean lower overal repayments.

The falls will be beneficial and allow people with modest incomes who save a deposit to buy without massive leverage. Prudence and hard work and productivity will be rewarded, instead of buying a pile of bricks and simply watching the value rise. It's only the reckless and stupid who will really suffer now.

Hope that answers your question

Well no, it doesn't quite.

Phrases like "prudence and hard work" and "only the reckless and stupid who will really suffer" smack of the smug, self-satisfied dogma of drab, ugly, presbyterian, socialist arse-cakes like the beloved leader Brown.