Friday, Mar 26, 2010
Amazing, if transparent, spin
BBC News: House price inflation picks up, says Land Registry
Prices drop 0.3% MoM in February, but the Land Registry points to an increase YoY by comparison with January, and the Beeb faithfully reports it.
Posted by sceneclub68 @ 02:28 PM (979 views) Add Comment
6 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. greenmind said...
"[This] points towards a strengthening in the housing market," the Land Registry said, adding it was the fourth monthly rise in a row"
Unbelievable lies - a monthly decline reported as a monthly rise at a time when all indicators point to a weakening of the housing market!
2. 51ck-6-51x said...
House prices have risen over the year to date, but they are currently falling at a slower rate than they were a year ago.
The Beeb want you to think that this is indicative of a strengthening housing market.
3. Notyethomeless said...
I've read this, and then re-read it, and I honestly think this logic is convoluted and probably dishonest.
666, I think you have explained it - prices are falling, but they are higher than last year at the same time, and falling less fast than they were this time last year.
Is that right? Ooooh, too tricksy for a Friday afternoon!
4. holyroller said...
@greenmind: by 4th monthly rise, they probably mean the 4th month where it has shown a YoY rise.
5. Pete Kiddle said...
Only in bankrupt UK, a country whose entire faux economy is seemingly based on exorbitant house prices, can a rise in house prices be celebrated while the country faces appalling debts which will impoverish us for a generation or more to pay for the breathtaking incompetence of Brown and the banking scum.
6. dill said...
This is, of course, BS. Jan 09 - Feb 09 took a big drop. So the headline figure has inevitably shown an increase. All areas that I'm monitoring are showing price cuts on long standing stock ( that's the majority of stuff out there). Furthermore, I now have three consecutive For Sale signs down the street where I currently lay my hat - and all in the last fortnight. Peope are getting worried and fearful. Their notional wealth is about to disappear down the drain of flood plain hopelessness. Viva Le Grand Bretagne (Euro style) - you will never hate it as much, as you soon will.