Monday, Aug 18, 2008
Just for fun
thisismoney.co.uk: Four reasons to be optimistic on house prices
A little more than a year ago, I published a tongue-in-cheek blog post about my new property price predictor that suggested the market was about to tumble: My 'dismal' house price predictor.
Published in June 2007, it now appears to have been oddly prescient coming two months before credit began to be crunched and the beginning of the fastest annual slide in house prices since records began.
Posted by housebear @ 07:18 PM (370 views) Add Comment
3 Comments
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1. peter_2008 said...
1.More mortgage lending: You mean like chipping 0.0000000001% off?
2.RICS: You mean those lying toxxers who are basically estate agents but would like to make themselve look more credible and professional?
3.Key Measure: Two problems. a) sicne when RICS was ever KEY Indicator? b) RICS' 84% means 92% surveyor seems drop and 8% seems rise. Last month's 87% means 93.5% see drop and 6.5% see rise. You see, again they are just playing with numbers to make it look good.
4.FTB returning - these are idiotic prats using up money from Bank of Papa and Mama, so in a few months time, they and their parents will all be in negative equity.
2. hogwash said...
Some funny things about the RICS percentages
1. The 84% Balance was "Seasonally Adjusted"
2. Their Non-Adjusted figures for July 08 were :-
Rise = 1%, Same = 10%, Fall = 89%
3. The Non-Adjusted "Balance" for July 08 was the worst ever at -88%
3. Noelwatson said...
hogwash,
I posted something along these lines but my comments haven't been published.