HousePriceCrash is a website about the housing bubble and general affordability in the British property market. Its daily news blog was ranked by The Times as one of the top 25 property blogs and one of the top 50 business blogs.
Contents
The Times has described the website as "where you can check whether your home is about to become worthless" and was also made their website of the week. It has a reputation for being very pessimistic on the economy, with Richard Simpson in the Guardian saying that it gives him the "urge to build a bunker and start stockpiling baked beans", and also a reputation for "a sense of the resentment and exclusion felt by those who cannot afford to buy."
History
The site was established to collate and disseminate economic literature with specific regard to property in the UK and globally and "to act as a counterbalance to the huge amounts of positive spin the housing market receives in the main media." Since the site was established the late-2000s financial crisis has occurred and other issues discussed in depth include the credit crunch and its repercussions.
The site was set up in late 2003 as a non-profit resource for consumers and was later acquired in January 2006 by Fubra, which is owned by Brendan McLoughlin.
Media activity
Housepricecrash posters' views are bearish and this is reflected in public pronouncements on property.
The website's former spokesman Jonathan Davis made various appearances in the media, including BBC Breakfast, BBC 6 O'clock and 10 O'clock News, Politics Show, Moneybox, Sky News, Panorama, ITN's The Tonight Programme and Bloomberg TV, as well as numerous radio appearances (e.g. Jeremy Vine, BBC Radio 5 Live) and in national newspapers including The Guardian, Libération and Forbes.