neon tetra Posted May 19, 2013 Share Posted May 19, 2013 For those who are still interested in this index: http://www.rightmove.co.uk/news/house-price-index/may-2013 Quote Link to comment Share on other sites More sharing options...
The Eagle Posted May 19, 2013 Share Posted May 19, 2013 Clearly the government incentives are working... Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted May 19, 2013 Share Posted May 19, 2013 The Rightmove index is highly manipulable. This is one example where the price recorded in the index is clearly not reflective of the market - http://propertyspotter.blogspot.co.uk/2013/04/highlever-road.html Quote Link to comment Share on other sites More sharing options...
inflating Posted May 20, 2013 Share Posted May 20, 2013 Surprisingly, the Daily Enema has gone with that as their lead story:- Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted May 20, 2013 Share Posted May 20, 2013 (edited) Has anyone got the montage? Edit: I've just checked my, rather expensive little, corner of the South East on Rightmove, with Property Tracker, and as usual it's a sea of green arrows, the reductions continue here, with some showing falls of £10,000 a month . Edited May 20, 2013 by Bruce Banner Quote Link to comment Share on other sites More sharing options...
NEO72 Posted May 20, 2013 Share Posted May 20, 2013 Loving their-ahem-evidence of all this 'pent up demand' being released..everything except trifling details like transaction numbers, mortgage approvals or sold prices.. Quote Link to comment Share on other sites More sharing options...
AvoidDebt Posted May 20, 2013 Share Posted May 20, 2013 The metro is going with the clown Merv's comments and the headline 'Beware the bubble'. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted May 20, 2013 Share Posted May 20, 2013 Not referred to as the "delusional index" for nothing. Quote Link to comment Share on other sites More sharing options...
Eddie_George Posted May 20, 2013 Share Posted May 20, 2013 Not referred to as the "delusional index" for nothing. Who was it from here that invented the delusion index? I think it was based on the difference between Rightmove and the other indexes. Quote Link to comment Share on other sites More sharing options...
AThirdWay Posted May 20, 2013 Share Posted May 20, 2013 Has anyone got the montage mortgage? Quote Link to comment Share on other sites More sharing options...
Dr_Mibbles Posted May 20, 2013 Share Posted May 20, 2013 The rightmove index is hilarious. So easy to manipulate, however it is great for estate agents and their PR firms when writing press releases. Quote Link to comment Share on other sites More sharing options...
ingermany Posted May 20, 2013 Share Posted May 20, 2013 Game Over I'm afraid, at least for a year or two. Government has decreed a "minimum property price" and will effectively use public money to buy all property that can't sell on open market. This is the implication of help buy etc. Government ends up "owning" 20% of UK residential property that comes on the market. It's operating in the same way as EU agriculture subsidies, but bigger and less free market. It was the doomsday scenario predicted by many on this forum, though fewer people believed government would actually do it, and I suspect many still doubt that it can really work. Time will tell. Quote Link to comment Share on other sites More sharing options...
neon tetra Posted May 20, 2013 Author Share Posted May 20, 2013 Who was it from here that invented the delusion index? I think it was based on the difference between Rightmove and the other indexes. Guilty! Delusion Index thread. The ratio of Rightmove to Nationwide. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted May 20, 2013 Share Posted May 20, 2013 AOL have a poll on it..... http://www.aol.co.uk/ Quote Link to comment Share on other sites More sharing options...
Biggus Posted May 20, 2013 Share Posted May 20, 2013 AOL have a poll on it..... http://www.aol.co.uk/ Sadly the highest number of votes say that housing costs increasing is a good thing and will get the economy going again. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted May 20, 2013 Share Posted May 20, 2013 Sadly the highest number of votes say that housing costs increasing is a good thing and will get the economy going again. You spoke too soon, the result seems to be changing . Quote Link to comment Share on other sites More sharing options...
LC1 Posted May 20, 2013 Share Posted May 20, 2013 AOL have a poll on it..... http://www.aol.co.uk/ C'mon, we have to push the 'bubble will burst' option higher up the rankings!! It will have zero effect of course, but it would make me feel better, haha! Quote Link to comment Share on other sites More sharing options...
inflating Posted May 20, 2013 Share Posted May 20, 2013 (edited) House prices are on the rise again, but is this a good thing? Yes, it will get the economy moving 30% Yes, it will make me worth more 10% No, first-time buyers will struggle 30% No, the bubble will soon burst 20% I don't know 10% Total votes: 2421 I voted FTBs will struggle, because that's the most likely. I'm not sure anything will burst for as long as they keep rates this low and printy printy to make savers skinty unless they BTL in desperation for an income. Of course, they don't always get that with BTL but on paper it can seem sensible compared to next to nothing on deposit. Here's hoping the madness ends very soon, perhaps the price drops here and there will gather pace, stranger things have happened... Edited May 20, 2013 by inflating Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted May 20, 2013 Share Posted May 20, 2013 I voted FTBs will struggle, because that's the most likely. I'm not sure anything will burst for as long as they keep rates this low and printy printy to make savers skinty unless they BTL in desperation for an income. Of course, they don't always get that with BTL but on paper it can seem sensible compared to next to nothing on deposit. Here's hoping the madness ends very soon, perhaps the price drops here and there will gather pace, stranger things have happened... When the powers that be say "jump", do you always say "how high"? Quote Link to comment Share on other sites More sharing options...
inflating Posted May 20, 2013 Share Posted May 20, 2013 When the powers that be say "jump", do you always say "how high"? I don't speak their language so they can't tell me to jump. Quote Link to comment Share on other sites More sharing options...
65243 Posted May 20, 2013 Share Posted May 20, 2013 Why are we even discussing this index, it's obviously made up, end of. Stop replying to the thread and just let it drop off the front page. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted May 20, 2013 Share Posted May 20, 2013 (edited) Guilty! Delusion Index thread. The ratio of Rightmove to Nationwide. Well done, sir! I particularly like the idea of an index that increases every month but at the end of the year is lower than when it started. Something like a Penrose staircase, in fact: Edited May 20, 2013 by zugzwang Quote Link to comment Share on other sites More sharing options...
MrPin Posted May 20, 2013 Share Posted May 20, 2013 Well done, sir! I particularly like the idea of an index that increases every month but at the end of the year is lower than when it started. Something like a Penrose staircase, in fact: That's one of M Escher's amusing drawings! There is also a nice musical trick which gives the impression of ever rising notes, but they are not really! Quote Link to comment Share on other sites More sharing options...
zugzwang Posted May 20, 2013 Share Posted May 20, 2013 That's one of M Escher's amusing drawings! There is also a nice musical trick which gives the impression of ever rising notes, but they are not really! http://www.moillusions.com/2006/05/audio-optical-illusions.html Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.