To be fair, I was worried, would this be a series of ‘scare mongering’ and poor stats, or claims to get to the ‘truth about property’ which hasn’t ever got there in the past. However, the programme was an OK mix of property stats and stories. The ‘headlines’ were about how prices have fallen and the fear of long term negative equity, then a story about how the falls had affected people across the UK, interspersed with some facts, albeit not so far the best ones to be following the market.
So, at least a good balanced approach. However, there are some issues with the information that they used and certainly some of the research. For example, one survey was from a company called Standard and Poors, which forgive me, isn’t that the same company that gave triple AAA fantastic investment ratings to those awful subprime mortgage loans? Do we really want our hard earned tax payer’s money going to this company? Not sure we do, or would we ever trust any data from this company every again thanks very much!
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