Who should be able to buy property?

IveSeenTheLight

Other - please describe below

Graham_Devon wrote: »

When?!

Whenever you bring out some wage information it's the best you can find, such as a part time worker is on above 16k per year. Thats £19 per HOUR.

Nurses earn a 3rd less.

It's all rubbish, and you know it is, but suits you as you can say house prices have now correlated.

I'm a realist, I understand what I post, and will always say I am wrong if proven wrong, like I did even to you. A realist does NOT believe your figures you insist on using which puts a female part time worker at 19 quid an hour.

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Once again graham, I reference the Office for National Statistics as my source for wages in 2008

Go to the following link and choose table 1.7a Annual Pay Gross
http://www.statistics.gov.uk/downloads/theme_labour/ASHE_2007/2007_all_employees.pdf

They even break it down to Male, Female, Full Time Male, Part Time Male, Full Time Female, Part Time Female
If you are disputing my figures, your disputing the ONS

P.S. I've never said part timers are on £16k
It clearly shows male part time at £12,356 and female part time at £9,582.
**NOTE** These are mean figures. I've explained before what the mean average means and that LR averages are also mean averages

Graham_Devon

Everyone with a full time wage

IveSeenTheLight wrote: »

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Once again graham, I reference the Office for National Statistics as my source for wages in 2008

Go to the following link and choose table 1.7a Annual Pay Gross
http://www.statistics.gov.uk/downloads/theme_labour/ASHE_2007/2007_all_employees.pdf

Oh, yes, sorry, my bad

IveSeenTheLight wrote: »

You never do bother to look up the facts do you?
The data is taken from the ONS which you were pro in another thread

Look at the latest release

http://www.lloydsbankinggroup.com/media/pdfs/halifax/280409FTBAffordabilityReview2009Q1Final.pdf

It states

It uses a completely different set of figures from the ONS, as you well know.

Theres not even a cat in hells chance of them getting those figures from the ones I showed unless they have a dodgy multiply button.

IveSeenTheLight

Other - please describe below

Graham_Devon wrote: »

Oh, yes, sorry, my bad



It uses a completely different set of figures from the ONS, as you well know.

Theres not even a cat in hells chance of them getting those figures from the ones I showed unless they have a dodgy multiply button.

How does it use a different set of ONS figures? Since you claim to know, show us please. I'm always interested in facts.

I use the mean as LR house prices are mean. If they used the Median figures the ratios would be worse

Graham_Devon

Everyone with a full time wage

IveSeenTheLight wrote: »

How does it use a different set of ONS figures? Since you claim to know, show us please. I'm always interested in facts.

I use the mean as LR house prices are mean. If they used the Median figures the ratios would be worse

Already did on another thread and can't be bothered finding it again.

All I got from you was that house prices were not calculated that way.

Let's face it. Using this kind of data is going to get people picking you up on it. Especially when the data you just used simply excluded women. Which is nice, as it will bump up the average earnings quite a bit.

from feb 2008...

The average annual UK wage is £23,700, according to official figures.
http://news.bbc.co.uk/1/hi/business/7252504.stm

In the year to April 2007, average earnings of full-time male employees were £498 per week, while for women it was £394, according to the Office of National Statistics.

= £25876 for the bloke.

kennyboy66_2

ad9898 wrote: »

Having had second thoughts about my post I've deleted it, as it may have caused offense.

No offense taken.

IveSeenTheLight

Other - please describe below

Graham_Devon wrote: »

Already did on another thread and can't be bothered finding it again.

All I got from you was that house prices were not calculated that way.

Does that equate to, OMG your right and I'm wrong so I'll blab my way out of it saying I prooved it ealswhere

Please explain, I did not see this on another thread, I'm genuinely interested if you can proove what you are saying, so far you have not.

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Anyone got any Anadin? got a cracking headache tonight

Graham_Devon

Everyone with a full time wage

Plus there is this, which totally goes against your handpicked figures....

http://blogs.thisismoney.co.uk/this_is_money_blog/2009/02/why-house-prices-may-fall-another-38.html

Mind, I spose Nationwide are wrong, cus they put it at over 5x the average wage still

I rest my case, keep cherry picking and telling us we dont understand.

1echidna

Everyone

Did someone say there are lies, damn lies, and statistics :beer:
Cheers to you both

Graham_Devon

Everyone with a full time wage

1echidna wrote: »

Did someone say there are lies, damn lies, and statistics :beer:
Cheers to you both

Yes, and I'm using statistics

IveSeenTheLight

Other - please describe below

Ah, your going back to the difference between MEdian and Mean average wages.

I don't think you have ever understood that you can't compare median wage averages against mean house prices

Once again, here is how the LR figures are calculated
http://www.landregistry.gov.uk/

How is the HPI calculated?

The HPI is a repeat sales regression (RSR) index, measuring average price changes in repeat sales on the same properties, ensuring a like for like comparison. This means that price changes on a flat in Mayfair are not compared to those on a flat in the Old Kent Road.
The statistical computation of the HPI is performed by Calnea Analytics Limited. Full details of methodology, a discussion of technical questions and a comparison with other index creation methods can be found by visiting https://www.calnea.com.

Here it shows the LR uses mean prices as its calibration
http://www.houseprices.uk.net/articles/house_price_indices/