Friday, Jan 12, 2018

Interesting Comments

BBC: The areas where house prices rose fastest in 2017

Nothing new in this article.
However, what I found interesting is the comments.
Try sorting them by Highest Rated.
About the top five are saying price rises are a bad thing and berating the Journalist for using the word "Shine"
Personally I always think of the contrast there would be if they were talking about another consumer durable - cars.
p.s. One day on I had difficulty finding the article as all the news was about a different price increase - the price of oil.
I'm sure there must be a connection. Back in the 1980s a colleague said he thought that as normal goods went down in price
houses would go up. The old "Waterbed" theory.

Posted by tenyearstogetmymoneyback @ 08:18 AM (4270 views) Add Comment


1. nickb said...

The BBC is appalling for this. On Radio Berkshire the presented opined that prices in Wokingham were "not performing" the other day because they had fallen 1%, comparing them arbitrarily to 10% increases in an area in Kent. Presumably they think house prices should double every 7 years for the economy to be working well and everything to be tickety-boo.

Friday, January 12, 2018 11:37AM Report Comment

2. tenyearstogetmymoneyback said...

The worst one I saw (which could have been BBC or ITV) was when they were interviewing a developer who was about to built several hundred apartments near Southampton. "Surely by building all this new property you will depress prices for people who have already bought". A bit like complaining to Jaguar that by making more cars they are devaluing the ones they have already sold.

Friday, January 12, 2018 07:09PM Report Comment

3. mombers said...

@2 yes that's why prices in London are lower than prices in the Scottish highlands! New supply often (not always) creates new demand, much like building roads makes traffic worse.

Monday, January 15, 2018 11:04AM Report Comment

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