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Debate House Prices
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House Prices Up 4.9% in last 3 months alone....
Comments
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It has only recently been hijacked by HPI cheerleaders to mean a rise in prices.
You're wrong.
This has been explained to you numerous times now.
It's why the indices use seasonal adjustment.“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”0 -
IveSeenTheLight wrote: »It's not a hijacking, there is a correlation of sorts.
With an increase in activity, it means there is an increase in demand.
The increase in demand results in a traditional increase in the rate of prices rises in the springtime.
Conversly, in the wintertime, activity levels lower, competition lessens and the rate of price rises lowers.
Hence the utilisation of seasonally adjusted indexes
So, were prices higher in the spring of 2009 or the winter of 2009?"The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
Of course they are lower than the beginning of the year according to Halifax. Now the question is why the difference and who is correct.
Also its all swings and roundabouts. Prices if I remember correctly fell sometime towards the end of last year but it was reported a rise due to seasonal adjustments0 -
So, were prices higher in the spring of 2009 or the winter of 2009?
Have a look back over history.
You will see that the rate of rise in spring time is generally greater than in wintertime:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »Have a look back over history.
You will see that the rate of rise in spring time is generally greater than in wintertime
I don't need to look back over anything.
I have been buying and selling houses for over 20 years and have bought and sold over 50 in that period and can assure you that the "spring bounce" with regard to increased prices is bullsh1t."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
I think you make !!!!!! up as you go along Hamish old chap.0
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I don't need to look back over anything.
Ignorance is not a virtueI have been buying and selling houses for over 20 years and have bought and sold over 50 in that period and can assure you that the "spring bounce" with regard to increased prices is bullsh1t.
I agreed with you that the "spring bounce" referenced to an increase in activity, but invariably this does indeed correlate into increased competition and thus higher price rate changes.
Once again, what are the indexes seasonally adjusted if it is not because the rises change at different rates throughout the year
http://en.wikipedia.org/wiki/Seasonal_adjustment:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
I think you make !!!!!! up as you go along Hamish old chap.
You think I made up seasonal adjustment?:rotfl:
The fact that the indices adjust for rising prices in spring and falling prices in winter, is a figment of my imagination?
So just to clarify, are you saying they don't seasonally adjust? Or that SA exists for another reason than seasonal price movement?“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”0 -
the "spring bounce" with regard to increased prices is bullsh1t.
Then you should be sh1tting yourself, because if there's no spring bounce prices are rising at a 20% annualised rate with no seasonal influence.;)“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”0 -
YAY even more of the generation below froze out of the market because they where born to late.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120
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