House Price Crash
housepricecrash.co.uk is a website devoted to discussing a perceived real estate bubble in the British property market.
Contents
- A news blog with links to web news items relevant to house prices, updated daily.
- A number of academic articles discussing the economic aspects of the UK housing market.
- A forum about housing economics and other related subjects.
- One source for all UK house price statistics.
- House price predictions from a range of economists.
The site was set up in 2003 as a non-profit entity, and was later brought by FUBRA January 2006.
Media Activity
They act as spokesman in the media for the "bearish" view on property,[1] and were accused by the property journalist Kirsty Allsop of being an organised conspiracy to "insider trade" on a house price fall.[2] It is seen as one of the leading examples of UK "property bears".[3]
Controversy over commercial nature of site
Late in January 2006 the site was sold to Fubra Limited for an undisclosed amount of money. This
caused a level of concern to some of the long standing members who had contributed either financially or otherwise to the site in
the previous years. The controversy was mainly down to the fact that the webmaster and moderators made no announcement of the
sale or change of ownership to these members. When long term members began to question the moderators about the sale or the lack
of announcement they were either banned from the site or their posts were deleted. Consequently many of the long term members
stopped using the site and began posting at www.globalhousepricecrash.com. www.globalhousepricecrash.com is an independent
website free of any vested commercial interests or investment and hosted by Consa who was one of the earliest members of the
original housepricecrash site.[citation needed]
In June 2006, advertisements were introduced in between some of the forum posts. Some long-standing members complained about this and some chose to use another forum instead (globalhousepricecrash.com). The negative feedback from members prompted these adverts to be removed shortly afterwards.[citation needed]
References
- ^ Head to head: Will property prices crash?
- ^ Inside Property (wmv file), London Tonight, 20 August 2004, also HPC's press release
- ^ Whatever happened to the demolition of our housing market?, Independent on Sunday, Jul 16, 2006 by Sam Dunn
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