1 Billion a Day Wiped of Property !!

ultra10

http://news.sky.com/skynews/article/0,,30400-1318845,00.html

mr.broderick

ultra10 wrote: »

http://news.sky.com/skynews/article/0,,30400-1318845,00.html

What are the figures minus london?

Alan_M_2

mr.broderick wrote: »

What are the figures minus london?

What relevance would that figure provide you with even if the writer of the original article was privy to it?

The fact that houses worth less have effectively dropped by less in monetary terms, albeit at the same or very similar percentages?

Errr....ok....I'd class that as wholly irrelevant or possibly indicative of a market that is slowing regionally, other than that, a generally useless exercise, but then if we're looking at all this at a microscopic level the article itself is a useless exercise as you don't lose what you never had to start with.....(unless of course you bought in the last few months.......) so it's just designed as a grab headline with some really big numbers in it.

boinging_2

Baldrick is the resident wind up merchant, don't worry.

Alan_M_2

In that case the answer is £764.32. (excluding London)

steadysaver

mr.broderick wrote: »

What are the figures minus london?

Two bob and a large apple

steadysaver

Alan_M wrote: »

but then if we're looking at all this at a microscopic level the article itself is a useless exercise as you don't lose what you never had to start with.

Correct, its all just monopoly money anyway to the average joe in the street.

mr.broderick

Alan_M wrote: »

What relevance would that figure provide you with even if the writer of the original article was privy to it?

The fact that houses worth less have effectively dropped by less in monetary terms, albeit at the same or very similar percentages?

Errr....ok....I'd class that as wholly irrelevant or possibly indicative of a market that is slowing regionally, other than that, a generally useless exercise, but then if we're looking at all this at a microscopic level the article itself is a useless exercise as you don't lose what you never had to start with.....(unless of course you bought in the last few months.......) so it's just designed as a grab headline with some really big numbers in it.

As a great respector of your posts i will qualify my point, i feel london having the greatest amount of property worth having seen unbelievable rises would make up a good chunk of that 1 billion per day, i may be wrong but thought it was worth pointing out. If people are going to write articles and throw specific huge figures around that cannot be proven i thought i'd just join in.

PasturesNew

100% of the people writing this individual posting think something may or may not be happening within some timeframe, which researchers will ascertain after trials of indeterminate length.

baby_boomer

Every financial journalist in the country is looking for new way to marry the headlines

£billions lost

and

property

This won't be the last.

But isn't UK property actually measured in £trillions?

mizzbiz

Rightmove begs to differ