Is this why prices will rise for a while yet?

sabretoothtigger

Year: Index: No of Years:

1952-1967 100-200 15
1967-1972 200-400 5
1972-1978 400-800 6
1978-1984 800-1600 6
1984-1989 1600-3200 5
1989-2003 3200-6400 14

Thats interesting data. The quick doubling in the seventies would match inflation I think since we're talking nominal prices here not real growth

What is the index today then by your reckoning


I think that table indicates we are out of the slow period into another batch of doubling prices every five years but 2003 was a while back now


89-2003 inflation caused cpi to double if I remember right which matched to your data would indicate house value didnt rise much if at all, on average

Blacklight

sabretoothtigger wrote: »

I think that table indicates we are out of the slow period into another batch of doubling prices every five years but 2003 was a while back now

89-2003 inflation caused cpi to double if I remember right which matched to your data would indicate house value didnt rise much if at all, on average

That's precisely my point. Taking stock of what's happened in the past you can see that HPI has really stalled. This would indicate large rises in the future, rather than some massive downward 'correction'.

Figures from Nationwide. Current index is 8615. Therefore 2003-2010 = 6400-8615 or another prolonged period of very slow HPI pointing to a quickening in pace at some point in the near future.

Good thing? Bad Thing? I don't know but it's what the figures would suggest to me.

chucky

Blacklight wrote: »

That's precisely my point. Taking stock of what's happened in the past you can see that HPI has really stalled. This would indicate large rises in the future, rather than some massive downward 'correction'.

i think you'll see a correction in real terms but not in nominal terms.

a correction in real terms is less painfull to the majority of the electorate that own a house.