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Debate House Prices


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There could be a high price for creating a price boom

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Comments

  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    HAMISH_MCTAVISH wrote: »
    Errr, no they didn't.

    Have a read of this Hamish and take those blinkers off. http://news.bbc.co.uk/1/hi/business/6090972.stm
    Why are we here?......................because we are not all there.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    edited 4 June 2013 at 6:44PM
    HAMISH_MCTAVISH wrote: »
    Errr, no they didn't.

    Yes they did. Certainly 100% over 4 years. 2001-2005.

    Note that, not only have you decided to ignore my graph by stating it doesn't show what I think it does, but you are now also ignoring my calls for you to tell me what it actually says.

    Ignoring the pace of acceleration in the 3.5x income you hold so dear.

    Ignoring all the talk of IO mortgages and how that 3.5x was possible.

    Ignoring what was said about averages.

    Quite good at this aren't you!
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Graham_Devon wrote: »
    Yes they did. Certainly 100% over 4 years. 2001-2005.
    !

    Not according to Land registry. :)

    January 2001 87,171

    January 2005 155,038
    “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”
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Graham_Devon wrote: »
    Note that, not only have you decided to ignore my graph by stating it doesn't show what I think it does, but you are now also ignoring my calls for you to tell me what it actually says.

    Haven't ignored it at all.

    I've said you should go and think about the possible reasons for that, and when you've come up with a few, I'll discuss them with you.
    Ignoring the pace of acceleration in the 3.5x income you hold so dear.

    Not ignoring at all.

    3.5 was the peak.

    It was obviously less when prices were far cheaper than the long term average, indeed, at the absolute bottom of the cycle in the mid 90's.
    Ignoring all the talk of IO mortgages and how that 3.5x was possible.

    Explained quite clearly the tight distribution around the median that the typical bell curve will show.

    Can you provide any proof to the contrary?
    Ignoring what was said about averages.

    Now you're just making stuff up.
    “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”
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    Not according to Land registry. :)

    January 2001 87,171

    January 2005 155,038

    No, according to Nationwide, the index you hold dear.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Graham_Devon wrote: »
    No, according to Nationwide, the index you hold dear.

    So you're saying Nationwide is more accurate than Land Registry?

    Interesting....
    “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”
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    So you're saying Nationwide is more accurate than Land Registry?

    Interesting....

    LOL ignored the point again!

    Hamish, going back to the point, I think it's fair to say that your use of 3.5x wages was suspect at best, especially considering 30 years ago the average was UNDER 2x.

    You have used 3.5x wages as it makes things look OK. One tiny peek behind your rhetoric exposes it for what it is. You've tried to do the hot step around every point put to you since.
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