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Debate House Prices
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Can I ask a stupid question?
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What does that mean? And why do they do it that way?Rightmove (and Acadametrics) use an arithmetic mean of prices whereas Haliwide use a geometric mean is the reason I think. Haliwide look to smooth the figures as much as possible, the others are not.
We cannot change anything unless we accept it. Condemnation does not liberate, it oppresses. Carl Jung
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Rightmove (and Acadametrics) use an arithmetic mean of prices whereas Haliwide use a geometric mean is the reason I think. Haliwide look to smooth the figures as much as possible, the others are not.
Sorry Gen, you're going to have to go a bit slower with me!
How do you 'smooth' something to the point where it's a difference of 40% from an asking price index to an actual sale price index?0 -
I understand that, but the average discount from asking price to sale price isn't 40% is it? More like 10%. So it must be something else.
I would say cash buyers at the top end distort the figures. I would assume people who buy £2Mill houses often don't have mortgages, and if they did, they would likely not be with Nationwide or Halifax.
These houses will be listed on RM though.
HTH.0 -
I'm glad no one apart from Gen on this thread knows the answer either. Makes me feel less stupid.0
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the.ciscokid wrote: »I would say cash buyers at the top end distort the figures. I would assume people who buy £2Mill houses often don't have mortgages, and if they did, they would likely not be with Nationwide or Halifax.
These houses will be listed on RM though.
HTH.
I guess so. I'm still therefore wondering why Nationwide and Halifax are worth the paper they are written on then?0 -
There's a whole lot of other stuff too. Haliwide use a standardized house whereas RM and Acadametrics genuinely mix adjust. I'll tell you about it later.0
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I know the answer and it's easily explained -
It's all spin and bullsh1t."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
I guess so. I'm still therefore wondering why Nationwide and Halifax are worth the paper they are written on then?
Well, sadly I am not looking at buying a £2Mill house for cash anytime soon... (that kind of thing is reserved for warmongers such as Tony Blair
, or banksters) so to me they are far more representative of the housing market I am looking at.
I only care about trend anyway, and not the specific figures.0 -
There's a whole lot of other stuff too. Haliwide use a standardized house whereas RM and Acadametrics genuinely mix adjust. I'll tell you about it later.
Are we meeting for a pint?
I'm imagining that a 'standardized house' definately has three ducks all flying in a row on the wall.0
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