Can we take the Nationwide seriously?

macaque_2

HAMISH_MCTAVISH wrote: »

WHAT????

A house buying agent wants people to believe house prices are falling????

Because of course there's no VI there or anything.

Quite right Brother Hamish; there is clearly a VI interest behind the quote in my post.

Lets do a deal. I will delete this reference if you will delete the last 9000 references where you have have used vested interests from your side of the fence.

RenovationMan

tartanterra wrote: »

Proof, if it's needed, that the science and analysis of "ROUND MY WAY" was truly ahead of it's time!

Not sure what point you are trying to make. Are you saying my statement was wrong?

andybenw

http://www.propertyinvestmentproject.co.uk/property-statistics/houseprices.php


Visit this link to see how closely the Nationwide index correllates to the Land Registry.


Then lets end these conspiracy theories.

julieq

I'm going to regret this, but Geneer, let me try explaining this to you one more time.

The absolute measurements for LR and NW correlate quite closely to within a small margin of error.

Taking a spot comparison of two points subject to random noise multiplies the noise. That's why YoY and MoM figures aren't that useful, and a better comparison is a rolling average or simply eyeballing the resultant graph to discern the trend.

The NW shows a rise because it was reading low a year ago (random noise). It has higher volatility than the LR because each individual transaction carries proportionately more weight. That doesn't mean it is less accurate, it simply records what it records.

As the article you helpfully posted yesterday (but don't appear to actually have understood) pointed out, to get an overall picture you have to consider all of the data together. And the picture that emerges is what it has been for some time, which is stagnation with slight oscillations.

I have no idea why you're comparing YoY figures from either index and wanting them to correlate, but just look at the chuffing graph: it's more or less identical. What's the problem exactly?

Given the close correlation between NW and LR on an absolute basis, there's no reason at all to discount NW. But then we're into Macaque's bizarre fantasy that they're trying to talk up the market fraudulently, when for some reason they didn't seem to find that necessary when they were reading lower than the LR, and they're showing the same numbers essentially as the LR anyway.

RenovationMan

julieq wrote: »

I'm going to regret this, but Geneer, let me try explaining this to you one more time....

Good God, are people still trying to engage with that troll? What an exercise in futility to engage someone in debate whose stance and even backstory is vague at best and disingenuous at worst. A history that is re-written on a daily basis.

I put him on ignore several weeks ago and have enjoyed the lack of his trademark "multi-quote borefests" clogging up the forum.

I had you down as one of the brighter ones, JulieQ, I can't believe you are still trying to debate with that idiot geneer. You'd get more sense out of a gerbil.

wotsthat

Cleaver wrote: »

Any talk of one index being reported by favourably over other by media agencies is just fantasy.

That's what they want you to think.

julieq

wotsthat wrote: »

That's what they want you to think.

Ahah. It's the Lizard People again is it?

Sibley

I'm going to regret this, but Geneer, let me try explaining this to you one more time.

How would you feel if you found out Geneer had a low paid job, lived in a bedsit and had about 30 quid a week disposable income?
Would any of you bother replying to his rubbish?

nembot

I wouldn't take any huge investment to create a national database, with actual sold prices - host it in a clustered environment, across two (or more) datacentres for resilience (approx 40k for the kit per datacentre + hosting)

Make it mandatory to input all property sold through the normal channels, there you have it - accurate, unbiased data.

The real question is, why isn't this is place now when the data released currently is rather inconsistant?

nembot

Sibley wrote: »

How would you feel if you found out Geneer had a low paid job, lived in a bedsit and had about 30 quid a week disposable income?
Would any of you bother replying to his rubbish?

Possibly why you don't get many responses Sibbers

Well excluding this one