House Prices and Disposable Income.

Really2

Malcolm. wrote: »

Anyone seen chucky?

Why not debate the data, I made a mistake, does that make me someone else?????

Really2

angrypirate wrote: »

and the calculation gives a house price of 110k. Thats pretty consistent i think with a lot of bears isnt it?

£50k + 220% = £160k???

angrypirate

Its not a 220% increase on disposable income - its a 120% increase

angrypirate

You are comparing the ratio of disposable income to that of houses. Dispoable income has increased by a factor of 242930 / 110884 = 2.19 which is 119%

So 2.19 x 50k = 109.5k
OR
242930 / 110884 x 50k = 109.5k

Really2

Malcolm. wrote: »

It was a genuine question. Sorry to have hijacked the thread to ask it.

I know you're not chucky, you have a completely different sense of humour Really, plus chucky doesn't have dyslexia. Anyways, how are you Really2? How's the cutting down on mse going (I recall you joking that you needed help!)?

Not well,

Seem to have crossed data on this somewhere. But I asked if it was right.

But too late to knock up a new formula for this now, may try later (and check before posting).

angrypirate

So your formula gave you the wrong answer and so you need to re-write it? You could always accept the answer your formula is giving you is correct and is simply saying that house prices have another 50k to drop?

Really2

What i had done has taken 1.59X increase as +59% but a 2.2 X increase as + 220%

I need to re think it has the calculation is wrong. I never said the formula was correct but disposable income seemed more in line with HPI than wages (3.5X)

Obviously backlight saw my error but his graph is interesting.

Is it not.

Really2

Malcolm. wrote: »

I haven't posted for a while. Is WTFster still around?

Anyhows, I'm just dropping in. I like the theatre of this place, but at times, it's a little too panto.

Chucky did post today. Wookster posted yesterday and now has a job. (See I need to leave)

angrypirate

Malcolm. wrote: »

Oh no it isn't (sorry, I had to get the panto bit in!)

The disposable income trend must be closer tied to outstanding mortgage than property price per-se.

Shirley you can see that?

Dont call me Shirley...

well, keep it to weekends

Really2

Blacklight wrote: »

Well, the numbers for Gross Disposable Income are fairly linear. So against the house price line it doesn't really point to anything more than x increases and so does y.

If you take the 'Adjustment for change in net equity of households in pension funds' (whatever that means) then the lines are oddly similar *shrug*

I cant beat that. My working out was duff and yours is the nearest using the data.