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Debate House Prices
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ONS- HPI April 2012 + 0.2% MoM + 0.3% YoY
Comments
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“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 -
HAMISH_MCTAVISH wrote: »Why?
..........
To stop the market overheating.0 -
To stop the market overheating.
You think 0.3% in a year is "overheating"?
Besides, rates aren't low just for the housing market, they're low to stimulate the rest of the economy.
Do you think the wider economy is strong enough to support a tightening of monetary policy?“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 -
HAMISH_MCTAVISH wrote: »Do you think the wider economy is strong enough to support a tightening of monetary policy?
And......
No response.
“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 -
HAMISH_MCTAVISH wrote: »And......
No response.
When I refered to a 0.3% increase leading to overheating I was joking.
Some seemed to be getting rather excited about it though.0 -
Graham_Devon wrote: »When Hamish makes out that the North East is skewing the average PRICE, not London, then it makes a difference.
We he did. And it does.
He's a silly boy. And anyway, what you suddenly objecting for? Only 2 minutes previously you were pretending you didn't have a clue what was being said
Graham - the London increase is only slightly higher than the South East excluding London (just 0.5%) amount, however the North East drop is somewhat greater than any other area. I don't think it's disingenous to say the North East is skewing the data here.0 -
I don't think it's disingenous to say the North East is skewing the data here.
Ahhh, but London houses are "larger".....
So this will obviously skew the data more.:rotfl:“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 -
Graham_Devon wrote: »Oh you incredibly silly boy Hamish.
Do you realise what happens when you take 5% off £90,000?
Do you realise what happens when you add 1.7% to £350,000?
Which is the bigger number? Do you know what an average is? Which has more weight? The bigger, or smaller number?
You stupid....stupid boy.
Did you really just call someone a stupid boy while demonstrating a complete lack of understanding of this topic? I can't believe what I've just read.
16 posts per day, 40k posts, 7 years of your life wasted, and you still don't understand house prices?
Unbelievable."Beware of little expenses. A small leak will sink a great ship." - Benjamin Franklin0 -
suddenly ONS , Acadametrics (made up of ex CML) and Rightmove become the order of the day :rotfl:Maidstone Prices - average reductions at 8.5% (£19,668) Feb 2012 - We thought the dudes were not allowed to drop prices?0
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CRASH_BANG_WALLOP wrote: »suddenly ONS , Acadametrics (made up of ex CML) and Rightmove become the order of the day :rotfl:
If you want to learn more about the different indexes and their context, read post 19 by the highly distinguished and esteemed member Hamish_McTavish, Crashy.
Alternatively, ask silly Graham, he's an expert in the field also :rotfl:0
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