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Excessive Creativity In Headline ...

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East London House prices rise by 26%

[End Headline]

Average prices in the fourteen postal districts located close to the Olympic

Park have risen by over a quarter (26%) since July 2005. This exceeded the

average rise of 20% across England, but was below the London average of


[End Quote]

Lloyds 'report'

26% in 5 years ... is only slightly more than general price inflation. And, that, in itself wouldn't be meaningful ... except to say that this article is trying to pretend that the house prices are massively being value-added (price-added) by the presence of the up & coming Olympic (failure?) games ...

'Only slightly more than inflation' is somehow noteworthy performance ...? Can you imagine what would have happened to prices if the 2012 bid had been lost? *sigh* ... I feel for the real journalists out there ... they must be so p-ed off at the abuse of what (for many of them) must be real investigation and honesty in documentary focus.


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  • 415 Brexit, House prices and Summer 2020

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