House Price Crash 5

roswell

Whats the old saying ... you can prove anything with statistics ..... it just depends on where you take your figures from, How to housae builders report that the price of new properties isd down and there profits are down but nationwide ways house inflation is 9 % ...

roswell

How many people have had a 9% pay increase in the last 12 months ?

Gorgeous_George

roswell wrote:

How many people have had a 9% pay increase in the last 12 months ?

I don't know - but a lot of people got 5.94% in October and have had 27% since 2002.



GG

roswell

Gorgeous_George wrote:

I don't know - but a lot of people got 5.94% in October and have had 27% since 2002.



GG

I wonder how that 27% since 2002 compairs to 200% house price inflation, Who wanted proof of a bubble ??

Hereward

roswell wrote:

I wonder how that 27% since 2002 compairs to 200% house price inflation, Who wanted proof of a bubble ??

I want proof of a bubble. I seem to recall that average property prices have only just passed the 100% increase in value since 1997 (this isn't evidence of a bubble, as property prices were subdued during the 1990's).

RHemmings

roswell wrote:

Whats the old saying ... you can prove anything with statistics ..... it just depends on where you take your figures from, How to housae builders report that the price of new properties isd down and there profits are down but nationwide ways house inflation is 9 % ...

How much you can prove with statistics depends a lot on the ignorance and gullibility of your audience

Hereward

roswell wrote:

Whats the old saying ... you can prove anything with statistics ..... it just depends on where you take your figures from, How to housae builders report that the price of new properties isd down and there profits are down but nationwide ways house inflation is 9 % ...

House builders trade in new property, Nationwide, and Halifax, quote increases in all property (new and old); therefore, both statiistics can be true at the same time.

RHemmings

Hereward wrote:

House builders trade in new property, Nationwide, and Halifax, quote increases in all property (new and old); therefore, both statiistics can be true at the same time.

Yes, that's possible. It's also possible that Haliwide are cooking the books. The interesting question is which of these two situations is more likely.

Hereward

RHemmings wrote:

Yes, that's possible. It's also possible that Haliwide are cooking the books. The interesting question is which of these two situations is more likely.

Nationwide and Halifax will include all remortgages and equity release in their figures, so it its possible that the HPI stated by these two companies, is overstated, but a valuer must have view each property to agree an increase in the mortgage amount.

Alan_M_2

I'm more inclined to believe a Plc accounts than statistics on an entire industry, for the very reason that's just been discussed here in length, we have very little information on how those figures are arrived at, without a full statistical breakdown on mortgage type/term and geographical area etc, it really becomes little more than propaganda, either negative or positive....

It is however still a statistic