Rents to soar again in 2012...

IveSeenTheLight

chewmylegoff wrote: »

Nice graph, wonder why they chose to just include the very top bit of it and not start the Y axis from 0, you know, to make it unbiased - anyone would think that LSL was a letting agent or something.

T#Wouldn't that just make the rectangles longer.

The top bit is where the data is.

Actually a line graph would have been better.

the_flying_pig

IveSeenTheLight wrote: »

I fear you are confusing my posts with others.
I have never used the word soar in this discussion.

I agree rents have risen broadly in line with inflation, I merely pointed out from experience that the end product was a far higher effect given the outgoingcosts had decreased.

er, oh, I apologise. the soar-tastic thread title was posted by, well, I'm sure you can guess.

the_flying_pig

give me strength.

the really serious problem with the chart is that it's based on numbers that one company or bloke or whatever has put together with no real transparency as to how they do it.

it's no more or less precise than any of the contrary tittle-tattle on that silly site 'all from this winter].

http://www.planetpropertyblog.co.uk/2011/12/16/rents-on-the-slide/

http://www.planetpropertyblog.co.uk/2011/12/07/rental-boom-shows-signs-of-cooling/

http://www.planetpropertyblog.co.uk/2011/11/28/london-rents-fall-for-the-first-time-since-june-2009/

chewmylegoff

IveSeenTheLight wrote: »

T#Wouldn't that just make the rectangles longer.

The top bit is where the data is.

Actually a line graph would have been better.

no, the top bit is not where the data is, the whole bit is where the data is and if you only reproduce the very top bit it serves to greatly emphasise any rises or falls, in the same way that deliberately stretching the X axis serves to flatten a line graph out.

at a glance, their graph makes it look like rents have doubled in 2 years. it would look much less dramatic if they had properly reproduced it. even better they could have inflation adjusted it

chewmylegoff

HAMISH_MCTAVISH wrote: »

Would that make the near 10% increase in rents in just 2 years feel less painful for you?;)

not really, as my rent is still the same as it was on the day we signed the contract in April 2009...

it might make me feel a little bit better when we move in 2-3 months though!

geneer

chewmylegoff wrote: »

not really, as my rent is still the same as it was on the day we signed the contract in April 2009...

it might make me feel a little bit better when we move in 2-3 months though!

Don't be silly chew. All rents, every where, change monthly go up based on the average of new lets made that month.

I mean they must do, mustn't they.
Otherwise Hamish has been frapping on about rents for a year or so with no actual point to make.

IveSeenTheLight

chewmylegoff wrote: »

no, the top bit is not where the data is, the whole bit is where the data is and if you only reproduce the very top bit it serves to greatly emphasise any rises or falls, in the same way that deliberately stretching the X axis serves to flatten a line graph out.

at a glance, their graph makes it look like rents have doubled in 2 years. it would look much less dramatic if they had properly reproduced it. even better they could have inflation adjusted it

The top part is the data.
As I side a line graph would have been better

As for looking at a glance at the graph, the information is there to see and I didn't ever think that rents had doubled.
I took in all the information and portrayed it as it was.

Even the op said it was only near 10% increase in those years

chewmylegoff

IveSeenTheLight wrote: »

The top part is the data.
As I side a line graph would have been better

As for looking at a glance at the graph, the information is there to see and I didn't ever think that rents had doubled.
I took in all the information and portrayed it as it was.

Even the op said it was only near 10% increase in those years

It's just spin, trying to make the data say what they want people to think it shows (rents are soaring), of course what the graph really shows, on average, is that since 2008 rents have fallen in real terms.

IveSeenTheLight

chewmylegoff wrote: »

It's just spin, trying to make the data say what they want people to think it shows (rents are soaring), of course what the graph really shows, on average, is that since 2008 rents have fallen in real terms.

So what your saying is rents has fallen in relation to the price of cheese etc.

I would ask you to consider the profit the LL is making given mortgage interest costs have reduced.

It means that the profit per rental property has actually "soared" when compard to inflation

HAMISH_MCTAVISH

chewmylegoff wrote: »

since 2008 rents have fallen in real terms.

Which of course is utterly meaningless.

From 2008 to 2009 rents fell with the recession and wider economic collapse.

We all know that.

However in 2010 and 2011 rents have risen significantly faster than wages, and at about the same rate as general inflation, rising nearly 10% in just 2 years.

Last year rents rose nearly three times faster than wage inflation.

And dragging up 4 year old data to try and make the picture look better doesn't change that fact one little bit.;)