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othello

More Bbc Spin

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http://news.bbc.co.uk/1/hi/business/4695982.stm

"House prices remained unchanged in January" the BBC headline says. In fact the Halifax report they refer to says that prices FELL in January. It's now becoming so absurd that the BBC web site is not worth reading as a source of accurate reporting.

I complained to the BBC before, but they didn't bother to reply.

The denial regarding the housing market in this country is astounding. People (apart from BTLs and others who want to cash in on their investments) should be rejoicing.

In Relocation, Relocation this week there was the classic "They've made £500,000 on the sale of their property over the past 12 years, which puts them in a good position to buy...." Not mentioning the fact that if they hadn't made one penny then presumably the place they now wanted to buy would also be at 1995 prices and they could probably pay off their mortgage in a few years! :lol:

Edited by othello

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http://news.bbc.co.uk/1/hi/business/4695982.stm

"House prices remained unchanged in January" the BBC headline says. In fact the Halifax report they refer to says that prices FELL in January. It's now becoming so absurd that the BBC web site is not worth reading as a source of accurate reporting.

I complained to the BBC before, but they didn't bother to reply.

The denial regarding the housing market in this country is astounding. People (apart from BTLs and others who want to cash in on their investments) should be rejoicing.

In Relocation, Relocation this week there was the classic "They've made £500,000 on the sale of their property which puts them in a good position to buy...." Not mentioning the fact that if they hadn't make one penny then presumabily the place they now wanted to buy wiould also be at 1995 prices and they could probably pay off their mortgage in a few years! :lol:

Here is what the BBC actually said:

House price inflation
unchanged
House prices are still
rising
year on year, the Halifax says
House price inflation was
steady
across the country in January, according to the latest survey from the Halifax.
Prices
dropped
slightly from their December level, marking the first monthly
fall
the UK's biggest mortgage lender has recorded since May 2005.

http://news.bbc.co.uk/1/hi/business/4695982.stm

They have spun themselves into quite a few contradictions: "unchanged," "rising," "dropped," "fall."

How can a drop be unchanged ? :blink::blink::blink:

Edited by Realistbear

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Guest Riser

http://news.bbc.co.uk/1/hi/business/4695982.stm

"House prices remained unchanged in January" the BBC headline says. In fact the Halifax report they refer to says that prices FELL in January. It's now becoming so absurd that the BBC web site is not worth reading as a source of accurate reporting.

At least its good to see them admit there is a House price BUBBLE:

Before that, price rises had been slowing sharply following the Bank of England's 2004 decision to put up interest rates in the hope of moderating the UK's house price bubble.

Bubbles have a habit of bursting :D

Edited by Riser

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  • 301 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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