Jump to content
House Price Crash Forum
okaycuckoo

Economist House Price Index

Recommended Posts

Indeed very impressive chart once you start 'playing about with it'. Wonder how representative Q1 1975 is of the long running average. From that view point we are 14% overpriced on the earnings comparison but 76% up on the low of Q1 1996.

Share this post


Link to post
Share on other sites

No idea how useful this is, but you can play around with comparisons to other countries on various measures - income/rents/inflation:

http://www.economist.com/blogs/dailychart/2011/11/global-house-prices

Britain is always first. It makes me to cry with the pride.

You obviously aren't trying hard enough. There is one country that outclasses us.

Prices against income and a huge 50 points better on prices v rents.

Canada.....

Share this post


Link to post
Share on other sites

You obviously aren't trying hard enough. There is one country that outclasses us.

Prices against income and a huge 50 points better on prices v rents.

Canada.....

If only we could get the Canadian architect of this boom to help us.

Share this post


Link to post
Share on other sites

From Housing, leverage and stability in the wider economy speech by David Miles

Canada.jpg

BTW - what the hell is the red line about?

I guess Ireland, Spain, and France would be quite a bit lower if they weren't measured in an artificially high Euro currency. If they had kept Punts, Pesetas, and Francs the picture would look quite different (as indeed it would in the other direction for Germany).

Share this post


Link to post
Share on other sites

I guess Ireland, Spain, and France would be quite a bit lower if they weren't measured in an artificially high Euro currency.

et si ma Tante en avait, on l'appellerai mon Oncle...

Share this post


Link to post
Share on other sites

According to the Economist graph houses now cost about two and a half times as much in real terms as they did when I bought my first house. I recall I borrowed less than three times my salary. My wife was earning as well. We had enough money to live rather than just get by. Pure luck on my part of course and I would love to see todays young people be as lucky as I was. We seem however to be cursed with one government after another too demented to see this simple truth.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   224 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

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.