Gloomy times in the property Market!
But there are bargains to be had!!! (yes there is a one bed flat in lovely Maida vale for sale that is currently home to a well known TV personality..none other than Mr OJ Borg. My beloved tenant.
You see I dont get it , Gordon Brown is out meeting various bank bosses today to discuss the state of the Global economic crisis (or credit crunch as every hack and newspaper is now calling it..original aren’t they?). He and they are trying to figure out the next steps we should take. This and other headlines such ‘falling property prices’ or ‘property crash’ etc etc have all been making front page news over the past few months..My wonder is..are all the newspapers and journos in collusion? are they trying to force the market to drop so that all their underpaid staff can buy somewhere to live as apposed to them getting a pay rise..believe it or not most people who work in media get paid peanuts..
I mean fundamentaly there have been no great job losses, sure the cost of living is going up, but thats called inflation .. the problem is most peoples salaries have not been going up with inflation..take a cameraman. 10 to 15 years ago a camera operator would get paid say £300 a day..Nowdays they get paid anything from £200 to £300 day..but yet property prices have gone up because banks have kept on lending us more and more money..why? supply and demand..not enough properties pushes prices up..simple..but now prices are meant to drop because? I mean the UK’s population is growing daily..I wont go into this just yet 
My point is this a few months back everything was going along sweetly then boom the US sub prime market (something 99% of us had never heard of) hit the headlines!! and banks exposures etc all came to light causing fear in the financial markets and in us ordinary folk.. but if none of this had been highlighted or been bigged up so much my question is would it have actually affected many of us?, would any of us have been any the wiser? for me its made no difference to my life as such, apart that I now read and hear about it every where I go and as a result I’ve had to drop the price of my flat by £30k. All because the news has made such a song and dance out of it..
Its amazing how so many of us are governed by so few. I mean if all the papers had said the property market was fine it probably still would be.. If the papers didnt fill every inch with the latest knife crime attack..most of us wouldnt be walking around in fear and might actually stand up to the little kids shouting abuse on the street.
Oh and while I’m on my rant we vilify bankers and their ilk for their supposed greed. But I think most journalists and their papers should go in the same bracket ..they exploit stories to sell papers to the detriment of much worthier headlines..
Anyhow rant over and if anyone wants I have a a lovely 1 bedroom flat in Maida Vale w9 for sale..at a bargain price..
Now I’m not been a hypocrite am I?
