Tuesday, Jun 15, 2010
Refreshing to see HPI term used in BBC
BBC: House price inflation back to 10%, government says
It's a VI story, but the title wording is interesting
Posted by growler @ 03:29 PM (1039 views) Add Comment
8 Comments
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1. Will said...
10% rise whilst most peoples incomes are falling - sounds like a pack of lies to me.
2. Will said...
10% rise? Where is my pay rise to match?
3. This comment has been removed as it was found to be in breach of our Blog Policies.
4. Will said...
So the affordability gap increases. I won't buy this year then.
5. alan said...
The language the BBC uses seems to contain what brokers call "The Endowment Effect" - that is to say that people tend to value something more once they own it. For example, once I've bought my shares, they seem so much better to hold - 'cos I was so bright in acquiring them!
With housing, people tend to overvalue what belongs to them. Of course, this only blinds to them to the real value.
I wonder if the journalist at the BBC has a few BtL flats that are confidently expected to rise in value....?
6. simon68 said...
Liquidity for properties market in UK is just drained out. Properties speculators better hang on their house forever. I am comfortable to rent for life.
7. nomad said...
I agree with simon68, happy to rent for a long time yet, perhaps forever. We recently informed our landlord that we would like to stay on beyong the initial 12 months agreement - he was thrilled and when I suggested that the cooker was a bit of an antique it was changed in three days.
8. Open Minded said...
Thrilled that the Scottish figure shows there's restraint in my market but I sympathise with English FTBs. Near enough £300K for a cramped 3 bed in Brisol or a ridiculously pokey flay on the outskirts of London is just wrong.