Tuesday, Aug 12, 2008
According to the government - house prices have risen over the year
Reuters: House prices rise year on year
..by a whopping 0.6%! shame inflation is 4.4% (and the rest!)
Posted by acidrob @ 10:38 AM (973 views) Add Comment
11 Comments
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1. mark said...
which government is that? "The Peoples Party of Gordon Brown" Or the "BS leader of the fantasy world of Gordon Brown"
2. Eternal Sceptic said...
He uses statistics as a drunken man uses lampposts - for support rather than for illumination. ~Andrew Lang
Torture numbers, and they'll confess to anything. ~Gregg Easterbrook
98% of all statistics are made up. ~Author Unknown
Statistics are like bikinis. What they reveal is suggestive, but what they conceal is vital. ~Aaron Levenstein
Torture numbers, and they'll confess to anything. ~Gregg Easterbrook
Say you were standing with one foot in the oven and one foot in an ice bucket. According to the percentage people, you should be perfectly comfortable. ~Bobby Bragan, 1963
Statistics can be made to prove anything - even the truth. ~Author Unknown
3. plato said...
Reuters: House prices rise year on year
In relation to the real cost of living and devaluation of Sterling, they probably actually have risen. This just goes to show what a dire stuaton we really are in. Of course this means HPC has a long way to go yet.
4. icarus said...
Facts are stubborn, statistics are pliable.
Statistics are like whores, to use as one pleases.
A man drowned crossing a stream with an average depth of six inches.
The average person has one breast and one testicle.
Statistics are a form of wish fulfillment
5. Sfletch said...
Hah!
This is going to make me unpopular I'm sure, but any obscure data / chart / rumour / press release relating to house prices falling are taken as fact and further evidence.
Any data showing anything else prompts 100% of respondents to observe that they are lies!!
P.S. Yes I find a rise in house prices over that period rather unlikely too.
6. plato said...
Sfletch @5
Please read my above comment again.
7. icarus said...
Sfletch - it's just that these numbers are so out of line with the numbers from Halifax, Nationwide, auction houses, anecdotal evidence etc.
8. mark wadsworth said...
Icarus, the figures are not out of line with Haliwide, they are just three or four months behind. See here.
9. Prof said...
I believe it, I believe it !
Just like I believe inflation is 4.4%.
You couldn`t make it up, could you ? (The Government can, though).
10. icarus said...
OK, the sleight of hand here is to start the year at June, after which there was three or four months of house price rises. To obtain a measure of the extent of the price fall you need to start at the peak (October?), look at prices since then and annualise that. And, for good measure, convert that into real prices, using either the government's or a more realistic measure of inflation.
11. Whostolemyendowment said...
If house prices are 'still' rising year on year.....how come there is all this dithering over stamp duty? Why all the concern and hand-wringing by the EAs? If it ain't broke why are they trying to fix it? The answer is simple.....in the real world prices are going down and will continue to go down....YEAR ON YEAR!