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Debate House Prices


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Single house price index 'should be introduced'

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Comments

  • abaxas wrote: »
    I refer you to "Correlation does not imply causation"

    Maybe you should just get that printed on a t-shirt or something?
  • abaxas
    abaxas Posts: 4,141 Forumite
    phil_b wrote: »
    Maybe you should just get that printed on a t-shirt or something?

    Scientific mind hence it's etched in my brain.
  • abaxas wrote: »
    I refer you to "Correlation does not imply causation"

    I wish you could put it on a T-shirt, because it is surprising how many 'educated' people don't understand this.

    Poverty is correlated with low education achievement. Hence give them more money and they'll learn better! Smoking is more prevalent with poor people. Give them more money and they'll stop smoking. Unhealthy babies are correlated with poor mothers. Give them more money when pregnant and the babies will become healthy.

    The BBC are masters at this so-called 'logic'.
  • phil_b_2
    phil_b_2 Posts: 995 Forumite
    There is scientific reasoning and there is just basic common sense.

    If someone came running in and said they had seen the ghost of michael jackson moonwalking accross a tesco carpark, you'd probably want to see some hard evidence before you believe them.

    If someone told you they just ate a big mac with fries you wouldn't exactly need them to vomit it back up as proof before being convinced.

    Which side of the stupidity spectrum are the house price indexes? It's pretty reasonable to assume they are giving a decent incation of what's happening, especially when going the same way.

    Obviously if the indexes arent going the way you want it's more likely they will seem wrong...

    The scientific mind stuff and references to scientific phrases are a bit of a cop-out. We could probably discredit most things if probing for hard scientic facts and evidence.
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