Wednesday, Nov 21, 2007
HIP assessors plead poverty
BBC News: Hip assessors claim lack of work
Another example of inflated Government stats, 'It's quite clear... there are far too many people now qualified to become home inspectors and energy assessors compared to the government's statistics of what they need'. The problem apparently is that 'too few homes are being put on the market to make a living' - Oh Dear
Posted by enuii @ 08:38 PM (470 views) Add Comment
4 Comments
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1. planning4acrash said...
That's alright, 1 bed flats and studios will soon have to apply!!
***
A bloke at work trained up for this, paid heaps and he lives in Southend, he's still plodding along at work, presumably because there's F*ck all activity in that market!!
2. wiltshire said...
More casualties of an unstable housing market and an unstable government.
3. New User 2007 said...
The reason the second round of HIPS was allowed in September was that there were enough assessors (and those two did distort the market as they caused a surge in houses in high value house supply (first round) and then in medium value housing (second round).
Leading on from this logic, when HIPS extends to cheaper properties there may be a surge in their supply in advance also? If this is the case, prices would be distorted by a heavier weighting being given to cheaper housing in the indices.
NOW, if the issue in Septembe was there were enough assessors, why are they not using this logic to extend it to all properties now? Because most people really are simple enough to not realise that there will be a weighting issue i.e .house prices would look cheaper because the index would have relatively more cheap properties......
.....it would therefore undermine confidence further, and they would not want that to happen.
4. maddison said...
Yet again a classic example of how the property market is illiquid. Supply and demand can never be in balance. This always leads to cyclical prices. However I am not going to say boom and bust as those days are long gone according to the Government