Halifax -0.5% MoM -2.3% YoY

Jimmy_31

Graham_Devon wrote: »

What's the most reliable index now by the way?

It seems to change.

It was the LR. But I believe that's no longer the most reliable, and the Nationwide has been chosen? Would I be correct?

I use the looking through the estate agents window index.

joguest

"Even in the highly selective periods you've chosen "

I didn't select any periods - I used the entire LR data-set going back to Jan 1995.

You really shouldn't judge other people by your own standards.

Le_Chuck

wotsthat wrote: »

No of course you haven't got it right - no surprise there.

An affordability calculation has two sides to it; disposable income AND cost.

If something becomes more affordable then either disposable income has increased or the item in question has become cheaper. Now, this is where we might lose you, it's possible that both disposable income has increased and the cost have reduced at the same time.

If you get as far as understanding this we might talk about how something might become more affordable even its cost has increased. That's for another day when you've grasped dividing one number by another and expressing it as a percentage.

Is it possible that as people can't afford houses, they're staying with their parents longer & as a result have more disposable income.

Graham_Devon

Graham_Devon wrote: »

Me too, but apparently theres the most reliable one.

I'd just like to which one this is, as I have a question.

Oh well, the silence is deafening.

Rinoa

Graham_Devon wrote: »

What's the most reliable index now by the way?

It seems to change.

It was the LR. But I believe that's no longer the most reliable, and the Nationwide has been chosen? Would I be correct?

Halifax themselves are considering their methodology. Not much to choose between LR and Nationwide but the latter is more current.

Nationwide is 10% off peak and LR 13%.

Not much of a crash was it.

Rinoa

joguest wrote: »

"Even in the highly selective periods you've chosen "

I didn't select any periods - I used the entire LR data-set going back to Jan 1995.

You really shouldn't judge other people by your own standards.

Nice diversion Jo.

But I think we can safely say your theory has zero merit.

Rinoa

Graham_Devon wrote: »

Oh well, the silence is deafening.

Some of us don't spend all our waking hours on MSE.

Graham_Devon

Rinoa wrote: »

Halifax themselves are considering their methodology.

So howcome then, Halifax is the preferred measure when it comes to other statistics? Statistics which the bullish prefer? Including your good self.

If Nationwide are more reliable, should we not use them for all statistics?

Rinoa

Graham_Devon wrote: »

So howcome then, Halifax is the preferred measure when it comes to other statistics? Statistics which the bullish prefer? Including your good self.

If Nationwide are more reliable, should we not use them for all statistics?

Halifax has useful statistics not wholly reliant on their pricing methodology. Can't remember using them myself, maybe you should direct your question to those that do.

Dan:_4

Graham, you should down the pub mate - it's Friday night and your banging on about what's the most reliable statistics!