Wednesday, Jul 28, 2010
BBC Refuses to Talk in £££s
BBC News: House prices 'now at 2006 levels'
Typical attempt to put an extra positive spin on Land Registry figures.
Interesting how they've resorted to not mentioning prices very much but talk in terms of '2006 levels' or '2003 levels'.
They at least give a bit of a dose of reality at the end for once.
Posted by hash browne @ 01:17 PM (1522 views) Add Comment
10 Comments
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1. mark wadsworth said...
Excellent.
2. This comment has been removed as it was found to be in breach of our Blog Policies.
3. Crunchy said...
Four years of Mortgage Equity Release dissapears as miraculously as it came but it's still hard cash.
That's a very high borrowing rate. Paying off an ever increasing debt should help out the poor old banks.
Some homeowners never saw it coming. Did the poor old banks. ;)
4. Rental John said...
Noticed a link on this article to an earlier BBC article from Jan 2010 - makes interesting reading:
http://news.bbc.co.uk/1/hi/business/8468605.stm
The average home has almost quadrupled in value, having risen by 273% since 1959 in real terms, the Halifax found. In today's money, a typical home would have cost about £43,000 in 1959.
Bill McClintock, chairman of the Property Ombudsman, has been in the housing business for 50 years and said he bought his first home - a four-bedroom house in Winchester - for £3,400 in 1965.
>Just shows that house price inflation has outstripped any common sense economics...
5. dill said...
Interesting that I've just had a valid post removed - but these are the times that we're in.
Disappointing, though that is, I will leave you with the following:-
Haifax HPI January 01 - June 10
Inflation 93.5%
RPI January 01 - June 2010
Inflation 31%
The last I will post, as clearly this is not a site for free speech.
6. This comment has been removed as it was found to be in breach of our Blog Policies.
7. wiltshire said...
Brilliant spot. What an utterly meaningless headline.
8. wiltshire said...
Brilliant spot. What an utterly meaningless headline.
9. wiltshire said...
recaptcha = reprinta
10. Phil S said...
House prices in my area peaked in 2006.......