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Debate House Prices
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Government investigates house price indices
Comments
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RenovationMan wrote: »I interpreted the report to be saying that house price indexes are pointless, including the land registrys.
"Property is an illiquid asset and minor monthly fluctuations recorded by a specific organisation cannot be generalised to the sentiment of all homebuyers."
If that is what they're saying then I completely agree with them. The average price of a house in the UK has absolutely no bearing on anything whatseoever except to provide fodder for the media to print large headlines and to sell newspapers, oh and for people on here to argue about over several pages and several weeks/year of their precious lives.
Yes that could also be more than true and the possible outcome .:)0 -
Presumably the BoE & Treasury will use non-Government produced housing stats as forward looking indicators of economic activity. As such there is a legitimate Government interest in their validity and accuracy.prosumptious
I'm not convinced that's a word but if it isn't it should be!
Prosumptious adj. preferring excessive or extreme luxury
(L. & Gr Pro- being in favour of, L. sumptu - luxury, splendour).0 -
What we need is one single house price indicator sanctioned by the state and to ban all others.
I think the BBC should be put in charge.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
yes you didDid I get told off for missing out a following paragraph from the start of an article last week.
Looks like just quoting the bottom is ok though.
here's the beautyGraham_Devon wrote: »Normally these bits that don't prove a point are simply missed out of the article. Today, those bits that are missed out, and being picked up on seem to be being argued to the enth degree.0 -
An investigation is long overdue. However the government should not be doing the investigating as they're as guilty as anyone else of fiddling the figures upwards like the other vested interested parties like the Halifax and the Nationwide.Graham_Devon wrote: »0
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