I'm asking HP'ers to help me fight back. Go post on their message board - new bubble topics, with housing bubble stories, or respond to the current posts
This biased company makes commissions selling mortgages to "the last suckers in". They are trying to come off all high and mighty, the standard "we're on your side" approach. Tough to do when:
"Firstrung represents the leading mortgage packager and distributor in the UK"
Like China trying to keep out information harmful to the Communist government, FirstRung is trying to keep their ignorant readership, well, ignorant.
Thus, a declaration of war from HousingPanic. Fight 'em with the one thing on our side: The Truth. Enjoy the good fight. Keep it clean. But attack with everything you've got.
If you think the US has bubble trouble, you ain't seen nothing like the UK ponzi scheme (aka housing ladder).
April 24, 2006
HousingPanic declares all out war on UK's FirstRung - Join the new American Revolution!
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16 comments:
there'll be a lot more of this on the way down - huge pressure and smears from realtors, mortgage brokers, builders, developers, etc
they'll blame the bloggers. they'll blame you. they'll blame everyone but themselves.
it's gonna get ugly.
It is odd that so many feel that "the bubble" is going to burst or has when the facts do not support this. Yes from what I hear in the States the housing markets have softened and turned somewhat to a buyers market in many area. However you claim a world wide Bubble and in Toronto Ontario, Canada, area there is no sign of any bubble activity. Yes we have had several years of higher than normal price increase and we are now moving out of our Sellers market into a more "normal" market with more marginal price increases, but we are also seeing record sales numbers and a strong presence of buyers in the market.
THe Bottom Line is that the housing markets may adjust in the future but unless the interest rates rise up to the 12% of 1989 or 18% of early 1980's, there will be no bubble to pop.
Currently Mortgage Fraud is having a bigger effect on the real estate markets today.
As for taking blame for inflated prices, Realtors® make money if the market is high or low. We do not need to inflate prices. If prices are inflated where you live then it is probably because home sellers have been pushing the prices and buyers have been accepting them.
Hate to burst your bubble.
"Thus, a declaration of war from HousingPanic. Fight 'em with the one thing on our side: The Truth"
Has housing panic gone mad?
andrew hodge's post merely confirms what many of us already know -- that realtors have a good grasp of immediate market conditions in their particular market, but are largely clueless about the larger economic context. the truth is that most realtors aren't well versed in economics: their expertise, such as it is, is too narrow, and no one should give much weight to their opinions beyond the basic questions of "what's selling now," what neighborhoods in a market are stronger or weaker, and what are the latest attitudes of buyers and sellers in that market. The bigger questions -- is there a bubble, what are the risks to the overall market -- are questions they are quick to address (especially when a reporter calls) but they generally don't have the education or perspective, and certainly not the objectivity, to speak with authority on these issues.
If you don't believe me, go back and look at the thousands of bullish realtor quotes in the papers between 1989 and 1993, when the market was crashing to earth.
Yes we have had several years of higher than normal price increase and we are now moving out of our Sellers market into a more "normal" market with more marginal price increases
Same old story...blah blah blah.
Realtors come up with the same baloney interpretation every single time...no bubble. Prices will not drop. We are just going back to normal where prices increase 5-10% yearly. No need to worry. Good time to buy as price increases have slowed down. Blah blah blah.
Can't scare away those buyers by telling them the real risks...but then that's not what stock market or gold marketing people tell their sales clients either.
I'm asking HP'ers to help me fight back. Go post on their message board - new bubble topics, with housing bubble stories, or respond to the current posts
very troll-like behavior keith.....you've turned into one of them
"Soliciting people to spam other blogs and boards is wrong. Very wrong."
Having the administrator of firstrung change the words of my post to make it look like they were my words was wrong on a level far surpassing HP'ers posting articles or comments
Spam is advertising. Posting articles and feedback should be welcomed on any discussion board.
Like HP welcoming andrew hodge to the board. We love it when realtors come here and make their cases - in most cases, thus proving ours. Welcome Andy!
As to Iconoclast over at FirstRung - a manipulative lying piece of human garbage - it's war
OK Guys if thats the way you want it, war it is!!!
On behalf of Iconoclast
Regards Owner :-
http://forum.globalhousepricecrash.com
good thread over at the battlefield today:
Hi Keith/Housing Panic
First off Im also new to this site. I can promise you I have no personal affiliation to it whatsoever.
With respect, you are misjudging the very valuable service being offered here - no one who participates in the site is being hasselled to take a mortgage on. All voices are heard. The site provides for considered views from all sides of the debate to engage. Believe me, there is a desparate need for this kind of forum here in the UK right now. We have a wider media - at all levels - which is 99% signed up to the lender/government agenda on housing issues. This space, here, offers reflection and broader consideration of the issues.
Lay people like myself need to hear countervailing voices to those of the vested interests. We hear them, in part, here and Im very grateful to have come across the site.
Cheers,
Richard.
keith Posted: Apr 25 2006, 06:41 AM
richard - good post. I think what you're looking for is an independent space - the one you've found here "represents the leading mortgage packager and distributor in the UK"
In other words, they're a biased wolf in sheeps clothing.
I'd obviously recommend housingpanic, but also look on our homepage you'll see a list of independent housing blogs.
The beauty of blogs, and the bloggers, is that we're not connected to the real estate business - we're independent people who felt it was our duty to warn others to the upcoming collapse of this ponzi scheme. We do it out of civic duty - volunteers trying to get the message out.
We're going against a massive industry, with unlimited funds, and a huge PR machine - one that kept the sheep buying houses when it no longer made economic sense. But we're winning now. The word has gotten out, the ponzi scheme is over. But that real estate industrial complex, which FirstRung is a part of, is scared, mad and paranoid now.
more from the battlefield:
______________________
Posted: Apr 25 2006, 07:21 AM
firstrung - a wolf in sheeps clothing
Actually, it's a beautiful business plan - pretend to be on the side of the first time buyer (the last sucker in) - gain their trust, then POW! get them that ball and chain (mortgage)
Here's who first rung is folks, and here's what they do:
Firstrung represents the leading mortgage packager and distributor in the UK (FIRSTRUNG GETS PAID HUGE COMMISSIONS WHEN THEY GET A SUCKER ON THE LINE)
Firstrung prefers to introduce potential clients to Pink Home Loans (FIRSTRUNG'S SUGAR DADDY IS PINK HOME LOANS)
As mortgage packagers and distributors they also help in placing "non conforming" difficult cases (FIRSTRUNG TAKES ADVANTAGE OF THE MOST FINANCIALLY DESPERATE AMONG US, AND GETS BIG COMMISSIONS FOR DOING SO)
Firstrung is the leading company specialising in delivering solutions ONLY for the first time buyer (FIRSTRUNG HAS TARGETED ITS PREY AND IS OUT FOR THE KILL)
Firstrung does not actively encourage FTBs to buy now, we attempt to provide as much relevant information for the FTB as possible (FIRSTRUNG BRILLIANTLY USES THE OLDEST SALES TRICK IN THE BOOK - GAIN TRUST, THEN GET THE SALE)
The Firstrung opinion, based on extensive and exhaustive investigation over the past two years, which has resulted in the creation of the revised Firstrung web site, is that the market will return to 2003 levels as a minimum correction (FIRSTRUNG KNOWS DAMN WELL THAT WE'RE IN THE BIGGEST PONZI SCHEME IN HUMAN HISTORY. BUT THEY ONLY MAKE MONEY IF THEY CAN CONVINCE MORE GREATER FOOLS TO GET INTO THE SYSTEM)
Please submit your mortgage enquiry by clicking on the "buying your first home" banner or alternatively click here express interest (COME ON SUCKERS - GET A MORTGAGE - DENY THE BUBBLE - WE NEED TO GET PAID!)
And why exactly would I be speaking in their support then?
http://forum.globalhousepricecrash.com
consa - I see you're trying to defend them (how though - what's your defense?) - but also calling for censorship over at their site. strange since you run globalhousepricecrash - your defense makes no sense
While you're pumping your site on mine and theirs - if you censor what folks have to say, that makes your site biased and pathetic as well doesn't it?
are you paid by mortgage brokers too? Or just paranoid and crazy?
Here's consas' quote over at the corrupt firstrung:
consa Posted: Apr 25 2006, 07:35 AM
Iconoclast, these trolls need to be stomped on,you need to turn off the guest posting and make them register. They are obviously bored on that pathetic little blog of theirs. Keith reminds me of Bruno and his latest stunt
Iconoclast at firstrung is so devious and unethical that he is now editing other people's posts and putting in his own words as if they were the posters.
Unbelievable!
Perhaps a job in China or Cuba's information ministry awaits?
no, the poster is listed as baaaa
keith = troll
How terribly amusing.
A member of another message board comes to this board to troll while calling the other a troll.
Is this a brittish thing?
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