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Debate House Prices
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Nationwide Figures
Comments
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Yes. It was one region that made the average house price fall by 2.5%. All other regions had very modest falls that month (1 or 2 even had slight rises) but the media had a field day over it.
the timing was brilliant.
I reckon that the massed ranks of the MPC are capable of reading the original report or at least scanning the data tables before making decisions of how to set rates. Surely you're not saying that the MPC set rates on the basis of the Daily Mail headline on the morning that they catch the 07:55 to Cannon Street, are you?0 -
I reckon that the massed ranks of the MPC are capable of reading the original report or at least scanning the data tables before making decisions of how to set rates. Surely you're not saying that the MPC set rates on the basis of the Daily Mail headline on the morning that they catch the 07:55 to Cannon Street, are you?
Blanchflower probably doesIt's a health benefit ...0 -
I reckon that the massed ranks of the MPC are capable of reading the original report or at least scanning the data tables before making decisions of how to set rates. Surely you're not saying that the MPC set rates on the basis of the Daily Mail headline on the morning that they catch the 07:55 to Cannon Street, are you?
No im not suggesting that. But sometimes I wonder if the MPC just do what people want and inflation control is a second priority.0 -
No im not suggesting that. But sometimes I wonder if the MPC just do what people want and inflation control is a second priority.
I can see why it's possible to think that. The way I look at it is that you've got a bunch of people that have worked really hard in most cases since they were young children to prove themselves intellectually, professionally and academically.
The last thing they're going to do is chuck all that away in an attempt to be loved. It just doesn't fit in with my experiences of meeting successful people.0 -
Yes. It was one region that made the average house price fall by 2.5%. All other regions had very modest falls that month (1 or 2 even had slight rises) but the media had a field day over it.
the timing was brilliant.
Huh? An average is an average. It means some house values went up, some fell a bit, some fell 2.5%, some fell more, some fell much more.
If only one region fell 2.5%, but "all" others had modest falls and some rises, then the average wouldn't be -2.5%.
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Huh? An average is an average. It means some house values went up, some fell a bit, some fell 2.5%, some fell more, some fell much more.
If only one region fell 2.5%, but "all" others had modest falls and some rises, then the average wouldn't be -2.5%.
IIRC, Northern Ireland fell by a large %age thus making it seem like this had put a massive spin on the average.
I did a bit of a number crunch and I think that the big fall in Northern Ireland was about 1/8th of the total fall across the UK - it made up 0.3% of the drop. The thing is that very few people live in Northern Ireland compared to the population of the UK as a whole.
If Northern Ireland was vaporized and all other UK house price remained static then the total value of the UK house stock would drop by a couple of percent. I have no problem with people from NI (at least since a few of their number stopped trying to blow me up when I went for a beer) it's just that there aren't many people from NI so they don't have a massive impact on UK-wide averages.0 -
So Northern Ireland must have fallen by much more than 2.5%, if the UK average was -2.5%, yes? Dan's post seems to suggest that the worst was -2.5% (Ireland), the rest of the UK didn't see as big drops and some areas went up, and the average somehow still turns out -2.5%!0
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Northern Ireland fell by a large amt, possibly double digits. Check the Nationwide website for details.0
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UK final GDP final q/q comes in 0.3% vs estimates for 0.4%. More evidence that the economy is slowing faster than predicted, adding fuel to the no rate hike view.Hope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0 -
Yes. It was one region that made the average house price fall by 2.5%. All other regions had very modest falls that month (1 or 2 even had slight rises) but the media had a field day over it.
the timing was brilliant.
The nationwide figures for May don't show region by region, though....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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