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Debate House Prices


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Crash crash crash part 2!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!

245678

Comments

  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Hey Brit, your silly images arn't going to help achieve 50% falls by xmas.
  • JonnyBravo
    JonnyBravo Posts: 4,103 Forumite
    Mortgage-free Glee!
    Harry_Powell wrote: »
    Who died and left you in charge?

    :rotfl:

    One of the "old guard" from the forum.... now what was his name??

    ;)
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    LydiaJ wrote: »
    The line labelled "mean" is very obviously not the mean trendline of that graph. I'm not sure whether that matters or not.

    I do laugh out loud everytime someone posts this HPC graph.

    This is called the denial phase.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    shakerbaby wrote: »
    No they haven't that is a downright lie. :rolleyes:

    You can't help yourself, can you?

    The long term average for HPI is 2.9% compounded per year.

    You can quite clearly see this line, marked in red, on the HPI graph on hpc's main page.

    Prices dipped below that level some time ago. (which you may or may not see on the graph as it may not be updated)

    Please explain which of those statements is a "downright lie".
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • System
    System Posts: 178,376 Community Admin
    10,000 Posts Photogenic Name Dropper
    Have hpc still not updated their graphs??

    Edit: Suppose I could check myself! ;)

    Looking at the current trend line, house prices have nearly 3k to fall!
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Harry_Powell
    Harry_Powell Posts: 2,089 Forumite
    JonnyBravo wrote: »
    :rotfl:

    One of the "old guard" from the forum.... now what was his name??

    ;)

    Dunno mate, why not tell us?
    "I can hear you whisperin', children, so I know you're down there. I can feel myself gettin' awful mad. I'm out of patience, children. I'm coming to find you now." - Harry Powell, Night of the Hunter, 1955.
  • worto03
    worto03 Posts: 461 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    I find it hard to take any post seriously when it has so many !!!!!!!!'s in the title
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Joeskeppi wrote: »
    Have hpc still not updated their graphs??

    Nope.

    Might scare the locals too much, seeing as it would clearly show a "reverting to mean" of house prices.
    Edit: Suppose I could check myself! ;)

    Looking at the current trend line, house prices have nearly 3k to fall!

    So how far behind is it?;)
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • digipeep
    digipeep Posts: 87 Forumite
    I love how that graph gets the Bulls out frothing at the mouth. Keep it up OP.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 18 August 2009 at 11:26AM
    digipeep wrote: »
    I love how that graph gets the Bulls out frothing at the mouth. Keep it up OP.

    please read below... and answer the points if you can... instead of the delusional comments of "that graph gets the Bulls out frothing at the mouth" :rotfl:
    julieq wrote: »
    Errrr, the graph goes back 36 years so we're not looking at this bubble, we're looking at house prices over a very long period. If you're looking for correlation with the famous graph, you have to take maybe the last 8 years maximum, otherwise you lose resolution on the Y axis.

    As has been noted before, if you superimpose a long term trend line on that graph of 2.9% compounded HPI, we are now below trend again, so the bubble graph doesn't apply in the form that is being claimed.

    The really laughable thing is that if there were indeed a means of predicting the future from graphs we'd have a lovely new paradigm and we'd all be rich.

    what this lady said
    :T:T:T:T:T
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