Single house price index 'should be introduced'

dazeruk

A single official house price index should be introduced in the UK, the government's chief adviser on official statistics has recommended.

http://www.bbc.co.uk/news/business-12008277

CRASH_BANG_WALLOP

as long as the government doesnt fix it like they fix unemployment figures

chucky

dazeruk wrote: »

A single official house price index should be introduced in the UK, the government's chief adviser on official statistics has recommended.

http://www.bbc.co.uk/news/business-12008277

i think it's a bad idea.

unless it shows 70% falls Year on Year it won't be the same 'round my way' or it's rigged by the government

abaxas

chucky wrote: »

i think it's a bad idea.

unless it shows 70% falls Year on Year it won't be the same 'round my way' or it's rigged by the government

At least we'll know how rigged it is!

chucky

abaxas wrote: »

At least we'll know how rigged it is!

here's the thing abacus - all the indexes always show the same trend (up or down).

they all use different algorithms and basically come back wit hthe same thing - are you claiming that all of them are rigged?

Really2

Here it is.



Two darts
1st positive
2nd negative

Add them together = MOM HPI.

abaxas

chucky wrote: »

here's the thing abacus - all the indexes always show the same trend (up or down).

they all use different algorithms and basically come back wit hthe same thing - are you claiming that all of them are rigged?

No, I'm claiming they have nothing to do with 'average' house/home values.

chucky

abaxas wrote: »

No, I'm claiming they have nothing to do with 'average' house/home values.

so how come they all come up with the same trend on house prices - all of them have nothing to do with 'average' house/home values?

satchmeister

CRASH_BANG_WALLOP wrote: »

as long as the government doesnt fix it like they fix unemployment figures

Or like inflation CPI or RPI, let's just swap between the two and take some things out ... I know let's remove house price costs so we can keep inflation low (Gordon Brown) and if house prices are falling we can re-introduce house price costs to keep inflation low (Osbourne?).

and there are only 2.45m unemployed the other 5.5m are not working but are not unemployed

chucknorris

chucky wrote: »

so how come they all come up with the same trend on house prices - all of them have nothing to do with 'average' house/home values?

Good luck (I've been there)

abaxas

chucky wrote: »

so how come they all come up with the same trend on house prices - all of them have nothing to do with 'average' house/home values?

We've been through this many times before.

They are closed systems and are not open to outside peer review, hence are scientifically worthless statistics.

They rely on people believing in them, rather than basis in fact. Rather like religion.