Posted 20 February 2012 - 11:16 AM
SeeYouNextTuesday, on 20 February 2012 - 10:30 AM, said:
How is tbe delusion index looking?
Only available up to Jan as the Nationwide data lags the RM data so if the figure is 5 odd percent this month the delusion index won't show it until the NW data is released.
**Usual caveats apply
** Caveats: due to each index making up their own definitions of "average" (geometric/arithmetic etc) as they go along this data is qualitative not quantitative and should be used for comparison/correlation purposes only.
And I tell you we have learned from past mistakes.
Just as you cannot spend your way out of recession, you cannot, in a global economy, simply spend your way through recovery either.
(Gordon Brown, Labour Party Annual Conference, 29 September 1997)
So, housing affordability is better than it has ever been, but no-one can take advantage of this because they can't afford the houses. I see.
cybernoid - 7th August 2010
Gambling promises the poor what property promises the rich - something for nothing
George Bernard Shaw