Jump to content
House Price Crash Forum


New Members
  • Content Count

  • Joined

  • Last visited

About jywerhyx

  • Rank
    HPC Poster
  1. What's up there is almost certainly just random volatility caused by a small sample size.
  2. Deflation is terrible for an economy, much worse than inflation (except hyper-inflation). And Japan has been mired in deflation for two decades now. If prices are falling, no one will spend their money, because it will be worth more if they hang onto it and spend it later. What you want is for people to go out and spend their money now because it will be worth less if they wait.
  3. That's not been spent, just redistributed. If one person sells a house for £200,000 and another buys it for £200,000, then the overall amount of money that everyone has is unchanged, and more importantly, no one has had to do any work. If we pay money to people caring for the elderly, that means that they can't do something different instead that produces wealth, and that's a real cost, not just a redistribution.
  4. Entwistle didn't get double the amount he was entitled to, he got the amount he was entitled to for being sacked in exchange for "resigning" rather than being publicly sacked. He couldn't have been got rid of any cheaper.
  5. The whole point of the EU is to make rules on what sovereign countries have to do, so that they can trade freely with each other. Free trade necessitates free movement of capital and labour, uniform regulatory burdens on companies, and uniform product standards. If you don't want these things, then you don't want free trade. (Yes, NAFTA has much less power over its members than the EU, and does less of what I describe. It's also much less successful at actually permitting free trade between its members.)
  6. "Square footage" of a property is not a defined term. Do you want the gross floor area, the gross internal area or the net internal area? And have you asked the agent which one he is using?
  7. Plus we're in the EU, which is 100% self-sufficient in food. EU membership is a critical part of our long-term strategy for food security.
  8. No one. Birth rates have been falling all over the world, and most population growth is now because of people living longer rather than having more children.
  9. But for everyone paying more than you consider appropriate to buy a house, there's someone else receiving more than you consider appropriate for selling a house. So the total net impact on the amount of money available for people to spend is zero -- it's not tying money up, it's just redistributing it.
  10. We're talking here about the reason why Rightmove/Acadametrics have diverged from Haliwide over the past five years, not the absolute levels, which can't be compared at all due to the different methodologies. Cash properties may or may not be cheaper than mortgaged properties -- that doesn't matter. All that matters is whether cash properties have gone up or down in price relative to mortgaged properties over the past five years, and it seems highly likely that they have done better than mortgaged properties over a period of extreme tightening of mortgage availability. And in any case, cash b
  11. No, the Haliwide figures aren't any kind of statistical average, it's a more complex process. You're thinking of the Land Registry figures, which are indeed a geometric mean, which is why those figures are also significantly below the Acadametrics and Rightmove figures.
  12. The fall in prices is largely the result of the severe reduction in mortgage availability, and so houses in the cash buyer market have not fallen as far. Haliwide obviously can only report on houses that are purchased with a mortgage, whereas Rightmove and Acadametrics include cash buyers (or at least, properties that will eventually be bought by cash buyers), and that's the reason for the divergence between them since 2007.
  13. Haliwide don't report average (mean) prices, they report the price of the "average house", which is of course quite different from the average house price. It's more like a median, though it's not a median. You therefore can't compare the actual figures from Haliwide with Rightmove or Acadametrics, only the percentage changes over a period. Acadametrics and Rightmove both report true average prices and so those two are directly comparable, as you can see from the graph.
  14. It would be very very low, because no one would bother to work hard or invest for the future, in case the redistribution was repeated and they lost what they'd been working for again.
  15. The point of a penthouse is not the view, it's not having to worry about the neighbours above you being noisy. You get that whether you're on the first floor or the hundredth floor.
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.