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Debate House Prices
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London house prices up 4.2% in a month
Comments
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Not when it's up 4% in a month.... As the OP states.
And even if it was a year, it's twice what the average wage increase is.
Inflation of other products does not make house prices cheaper relative to income.
Only wage inflation can do that.“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 -
Llubrevlis wrote: »There was another thread about rightmove reporting asking rices actually went u. But everyone knows house prices are falling.
"Location: London"
Ah so there's more than one of you.0 -
It would be interesting to see what they actually mean by "London".
For RICs for example, places like Merton and Croydon are counted as "South East" (yet Enfield is counted as "London").
It is of course true that a pocket of high value property with higher transaction rates could easily skew the London figures. This would seem to be what is happening.Politics is not the art of the possible. It consists of choosing between the disastrous and the unpalatable. J. K. Galbraith0
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