We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Rightmove asking prices - +0.1% for March

2

Comments

  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    I thought we'd all decided RM's asking prices were irrelevant. They dont seem to bear any relation to the other indexes anyway.
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    ruggedtoast wrote: »
    I thought we'd all decided RM's asking prices were irrelevant. They dont seem to bear any relation to the other indexes anyway.

    This is only true when showing an increase.
  • abaxas
    abaxas Posts: 4,141 Forumite
    The RM index has little to do with 'house prices'.

    It's an index of prices at point of original marketing. Ie an index of the first price a house goes on the market for.

    Bascially an index of which EA lied the most.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    abaxas wrote: »
    The RM index has little to do with 'house prices'.

    It's an index of prices at point of original marketing. Ie an index of the first price a house goes on the market for.

    Bascially an index of which EA lied the most.
    wrong again Abaxas - it's getting to be quite a habit... :eek:

    all of the indexes have more or less the same trend

    house_price_server.php?width=768&height=576&year_min=2001&year_max=2010&type=price&flag_q=0&flag_nw=1&flag_hf=1&flag_rm=1&flag_ft=1&flag_lr=1&flag_o=1&flag_ma=0&lag_yoy=0&lag_qoq=0&lag_odpm=1&leg_pos=0&flag_logy=0
  • abaxas
    abaxas Posts: 4,141 Forumite
    chucky wrote: »
    wrong again Abaxas - it's getting to be quite a habit... :eek:

    all of the indexes have more or less the same trend

    That graph has nothing to do with how the RM 'index' is calculated.

    How can you say I 'lied' when you come back with an point from a different argument. I'll do the same, here is a picture that proves my point to the same level as you.

    tomato.jpg
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    abaxas wrote: »
    That graph has nothing to do with how the RM 'index' is calculated.
    so you're now changed it to saying that how it's calculated instead of it's nothing to do with house prices :)
    The RM index has little to do with 'house prices'.

    It's an index of prices at point of original marketing. Ie an index of the first price a house goes on the market for.

    Bascially an index of which EA lied the most.
  • abaxas
    abaxas Posts: 4,141 Forumite
    chucky wrote: »
    so you're now changed it to saying that how it's calculated instead of it's nothing to do with house prices :)

    The RM index HAS NOTHING TO DO WITH HOUSE PRICES!

    Why becasue no sale is involved. If you cant work that out, then god help you.
  • phil_b_2
    phil_b_2 Posts: 995 Forumite
    when did a 'no-change' stat become news-worthy? 0.1%?????? agh!
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    abaxas wrote: »
    The RM index HAS NOTHING TO DO WITH HOUSE PRICES!

    Why becasue no sale is involved. If you cant work that out, then god help you.
    what do you think a house asking price is?

    do you think it might have teeny weeny bit to do with house prices?
  • abaxas
    abaxas Posts: 4,141 Forumite
    chucky wrote: »
    what do you think a house asking price is?

    do you think it might have teeny weeny bit to do with house prices?

    Learn and understand the word 'valuation'. It's not a hard word, one day you might get it.

    Until a transaction occurs, there is no price, mearly a valuation.

    To call this a 'price index' is as misleading as calling CPI inflation. It doesnt measure what it's title says it does.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture