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Cool Graphic Over At Tmf

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the graph is excellent.

what i dont understand is what has prompted hbos to publish honest data about the prices falling.

in their monthly data they publish " mix adjusted" prices that only they know how they are fudged, it always shows a" soft " landing.

the data from which this graph is published is unfudged and is a simple average.

ok so maybe fewer high value houses are selling.

the pattern is so consistent however that generally the south is dropping at c 7% p.a and the midlands/ north are stagnant. when you factor in inflation this data shows the south is dropping at 10% p.a in real terms. only time before the north is also dropping in nominal terms.

again, why have they let the cat out of the bag?

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Yeah - he's great. I always read his articles. Quite a difficult job though as the bits of sweetcorn can turn into a blur as it spirals into the sewer.

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the graph is excellent.

what i dont understand is what has prompted hbos to publish honest data about the prices falling.

No doubt they're acutely aware of the sort of financial scandals seen with endowments, pensions, split-caps, misselling etc, if somebody drops themselves in hot water and ends up losing a load of money they can't turn around and blame HBOS and their index, they can always do a "don't say we didn't warn you" and "the data was out there if you looked for it".

Of course they don't go out of their way to publicize it but they have cover their ass factor, plus they know the headline adjusted figures are the only thing the media take any notice of, these can be easily fudged. Papers just want the seasonally adjusted YoY figure for the whole country or some very subjective meaningless survey as we saw with Rightmove and their infamous "house prices rise £2k in two (one?) weeks".

Actually acknowledging the UK consists of many varying markets, many of which are falling, is too much trouble.

Edited by BuyingBear

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  • 342 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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