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House prices drop 0.6% in September
Comments
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Be pedantic all you like, I'm sure it does make a difference.
What factors do they take into account when they adjust it?
I'm no statistician but there's some computer package that you can use that will adjust for things like more people buying in Spring than in Autumn.
Perhaps someone a little more mathematical than I can explain it better.0 -
At the moment it is being reported that the middle of the wealth houses (i.e. houses between 1mil and 5mil) are slowing down due to uncertainty about city bonuses - couldn't this cause an average drop in houseprices of 0.6% or am I getting this completely wrong?
From the press release:The biggest price rises were in Greater London (2.3%) and the South East (1.8%)
That suggests otherwise.0 -
From the press release:
That suggests otherwise.
Yes but the same report I lifted the comment about middle wealth housesfrom also went on to say that the mega wealthy houses (i.e. wealth creators) were continuing to rise hence could have helped that 2.6% rise in london whilst everything else was stalling.
I dunno with statistics here telling us it's risen by 1% and statisitcs there saying its fallen 5% and statistics everywhere else telling us it depends if there is a thunder storm next tuesday or not all that springs to mind is lies,more lies and damn statistics
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All agreed, one set of figures tells you very little in isolation.
Still -0.6% is a step in the right direction.
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88.2% of statistics are made up on the spot.0
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Yes but the same report I lifted the comment about middle wealth housesfrom also went on to say that the mega wealthy houses (i.e. wealth creators) were continuing to rise hence could have helped that 2.6% rise in london whilst everything else was stalling.
I dunno with statistics here telling us it's risen by 1% and statisitcs there saying its fallen 5% and statistics everywhere else telling us it depends if there is a thunder storm next tuesday or not all that springs to mind is lies,more lies and damn statistics
The trouble is that all these reports tell you is what the average is of whatever it is they are measuring. I don't know about you but I live in a house, not a statistical construct.
It's quite fun debating it all but ultimately, these stats are pretty meaningless except in the very broadest terms.0 -
The trouble is that all these reports tell you is what the average is of whatever it is they are measuring. I don't know about you but I live in a house, not a statistical construct.
It's quite fun debating it all but ultimately, these stats are pretty meaningless except in the very broadest terms.
I currently live in a hospital, hence my desperation to buy a house WHATEVER the housing market is doing 0 -
dannyboycey wrote: »88.2% of statistics are made up on the spot.
I hate to be pedantic but it's 79.3% (seasonally adjusted)0 -
Statistics are just a method of dazzling the guillable!
For my area, it says 6.9% price drop for the quarter, but if you investigate further, detached houses over £500k have dropped 26% and everything else has risen between 1 and 3%!Should've = Should HAVE (not 'of')
Would've = Would HAVE (not 'of')
No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)0 -
Have you included hedonic adjustment in that figure?I hate to be pedantic but it's 79.3% (seasonally adjusted)"Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0
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