Catch22 Posted December 20, 2005 Share Posted December 20, 2005 (edited) OK it's only an example regards detached houses in one street but I think it highlights the madness of it all. Interesting to note the big increase in price from mid 2004 to mid 2005. You see the same action in the financial markets prior to a trend reversal. Why Burnley?........... because it is one of the areas recording the latest hot HPI data HOUSE PRICES Why Detached?.......... because most people aspire to a detached Why RPI?...................obviously because it relative to compare all other increases compared to housing [it is all RPI Excluding Property] RPI DATA It's for the 5 years covering June 2000 to May 2005 House price June 2000 90K House price May 2005 230K = 140K increase= 155.55% HPI Retail Price Index end May 2000 161.7 Retail Price Index end June 2005 173.7 = 12.00 increase= 7.42% RP inflation over those 5 years Would be interesting to have 5 years wage inflation, anybody care to add it ? Edited December 20, 2005 by Catch22 Quote Link to comment Share on other sites More sharing options...
UNSHURE Posted December 20, 2005 Share Posted December 20, 2005 OK it's only an example regards detached houses in one street but I think it highlights the madness of it all. Interesting to note the big increase in price from mid 2004 to mid 2005. You see the same action in the financial markets prior to a trend reversal. Why Burnley?........... because it is one of the areas recording the latest hot HPI data HOUSE PRICES Why Detached?.......... because most people aspire to a detached Why RPI?...................obviously because it relative to compare all other increases compared to housing [it is all RPI Excluding Property] RPI DATA It's for the 5 years covering June 2000 to May 2005 House price June 2000 90K House price May 2005 230K = 140K increase= 155.55% HPI Retail Price Index end May 2000 161.7 Retail Price Index end June 2005 173.7 = 12.00 increase= 7.42% RP inflation over those 5 years Would be interesting to have 5 years wage inflation, anybody care to add it ? I started a post just the other day on the general state of the economy of Burnley. It is entitled House 'Repossessions And Spiralling Debt In The North'. I don't know the exact figures. However, I can tell you for certain that 'Annual wage increases' are nowhere near the annual HPI. The results can be seen in the following link: http://www.burnleytoday.co.uk/ViewArticle2...ticleID=1288077 Quote Link to comment Share on other sites More sharing options...
Catch22 Posted December 20, 2005 Author Share Posted December 20, 2005 I started a post just the other day on the general state of the economy of Burnley. It is entitled House 'Repossessions And Spiralling Debt In The North'. I don't know the exact figures. However, I can tell you for certain that 'Annual wage increases' are nowhere near the annual HPI. The results can be seen in the following link: http://www.burnleytoday.co.uk/ViewArticle2...ticleID=1288077 Yes I read it thanks, not nice reading. Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted December 20, 2005 Share Posted December 20, 2005 apart from the football team, the mayor and a few dr's, i dont know anyone in burnley that makes over 18k. Quote Link to comment Share on other sites More sharing options...
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