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Debate House Prices
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US UK Graph !!!!!! - Who's got a big one?
Comments
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i am novice but surely index is different from price?
Absolutely.
There is no need for currency conversion either as queried by someone.
Jan 2000 is marked down as "100".... whatever the prices were in the respective countries at Jan 2000 = 100
It's then a simple sum to work out the current index
(((Current price - Jan 2000 price)/Jan 2000 Price)*100)+100
It's a very crude statistical analysis though.
There are several large assumptions that need to be made for it to have any relevance.
The main problem being it has to assume the markets were of equal "value" in Jan 2000.
What if one was 10% over the long term average and one was 10% under the long term average for their respective countries at the time.
It's suddenly a meaningless statistic.
Not especially useful IMO.0 -
MissMoneypenny wrote: »Yeah is in the Concise Oxford English Dictionary
Slang Moneypenny, slang. Do a little search on google "slang yeah"
Did you not know they put slang terms in dictionaries?:rolleyes:0 -
Really, not meaning to be rude, but if I were you, I'd stay out of debates about English as it is wrote....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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JonnyBravo wrote: »It's suddenly a meaningless statistic.
Not especially useful IMO.
However the trend does match IMF figures which they have been quoting over the years.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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Yes, lets just dismiss an impartial International Finance Discussion Paper from the Board of Governors of the Federal Reserve System because the reprographic quality of their (indexed, not currency) chart isn't up to our standards.I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
The scale may change with a different base year, but wouldn't the "picture of the trend" be much the same?0
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neverdespairgirl wrote: »Really, not meaning to be rude, but if I were you, I'd stay out of debates about English as it is wrote.
Faire enough I am dyslexic but it is slang and someone is picking out I missed an H out but slang is perfectly acceptable.
No one is pulling up others for big rude are they, no they are thanking them.
Give yourselves a high 5.:rolleyes:
Ps But being dyslexic does not mean I have to put up with people take the pee out of my spelling but then find slang perfectly acceptable.0 -
Yes, lets just dismiss an impartial International Finance Discussion Paper from the Board of Governors of the Federal Reserve System because the reprographic quality of their (indexed, not currency) chart isn't up to our standards.
Three words stick out there, and whose banks are suffering the most?
Would you not want to fix the focus on another country if you were the US Federal Reserve0 -
However the trend does match IMF figures which they have been quoting over the years.
Which trend?
Were we both at the same point in our housing cycles in 2000?
Ok here are a few more.
Have wages grown at the same rate in the two countries since 2000?
Has the supply of housing shrank/grown in the 2 countries at the same rate in the 2 countries since 2000?
Have the taxes in each country grown/shrank at the same rate since 2000?
There are many more.
I'm not arguing that the housing market is anything other than dire here and in the US.
I am saying that you can't prove our market is worse than theirs from that graph.0 -
Cannon_Fodder wrote: »The scale may change with a different base year, but wouldn't the "picture of the trend" be much the same?
No. If you chose a different year where the converse was true.... ie the other country was 10% ahead of it's trend compared to the other it would look very different as to who appeared "worse"
Of course it would still show that house prices are coming down in both countries.
I'm afraid the graph simply doesn't allow any deduction about which housing market is in the most parlous state though.0
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