Derek Brawn - Swindle???

Asparagus

Well-known member
Joined
Apr 7, 2010
Messages
4,823
The independent are pushing a bit of a con job if you ask me.

Leading economist who predicted housing crash says now is time to buy - Irish, Business - Independent.ie

Mr Brawn, who has launched a house price calculator at CompareBuy2Rent is a learning tool for homebuyers, so that they don't make the same mistakes of the past., added: "House prices are only one factor that people should consider when choosing whether to buy a house now or wait for further reductions."
I tried to have a look at the calculator - and found you had to register
your details - then when you do page two throws up the sales screen

Sale Details
Subscription to CompareBuy2Rent.ie for xxx@xxx.ie


Total value: €4.99
This amount will be deducted each month until your subscription is cancelled.
There is no minimum period of subscription , you can cancel at anytime.
a 5'er a month to have access to a calculator taht you may in all probability use one day, your subscription lasts until you cancel it.

What do you all think?
 


Scorpio

Member
Joined
Sep 27, 2006
Messages
38
If they have to push house calculators, why don't the Indo push free alternatives based in Ireland, rather than ones you have to pay for?
Like this one:
Your very own rent-or-buy calculator
I think Irish Mortgage Brokers have one too. Would love to know if there are more Irish-based ones out there.
 

Yosser

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Joined
Feb 5, 2008
Messages
195
Derek Brawn did not predict the house price crash.Property is still overvalued.Charlie Weston can't live on 100k a year and never predicted anything.
Property prices are only going in one direction any fool can see that.
 

Scorpio

Member
Joined
Sep 27, 2006
Messages
38
@Yosser
It seems you're spot-on. He "predicted" the crash in Q2 2007, probably six months after prices had actually started falling! Unlike McWilliams, who "only" spotted the bubble in 2002 or 2003!

From CompareBuy2Rent is a learning tool for homebuyers, so that they don't make the same mistakes of the past.
"In April 2007, a conversation with a Director of McInerney following a meeting at Savills offices in Molesworth Street alerted him to the fact that there was a major oversupply problem bubbling below the surface in the Irish residential property market. That Director said that day: "We do not know who is buying more than 45,000 to 50,000 homes per year. That is why we are no longer building in Dublin, our closest development is Rathdrum"
This seemingly innocuous, almost throw-away statement alerted Derek to the fact that almost half the newly built homes in the country were not being sold!
... This Property Bubble was about to pop! This resulted in an honest conversation with Brendan Keenan of the Irish Independent on the evening of May 22, 2007. The next day, the paper featured an article with the heading that:House prices must fall to become affordable again"
 

Yosser

Active member
Joined
Feb 5, 2008
Messages
195
Brendan Keenan:D:D So they figured it all out in 2007 when it was blindingly obvious for years! These people are professional liars.
 


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