Jump to content
House Price Crash Forum

It's Lucky We Have A Central Bank Otherwise High-street Banks


Recommended Posts

It's lucky we have a central bank otherwise home-owners wouldn't be able to make £85 per day.

http://workinproperty.blogspot.com/2007/06...85-per-day.html

Home Owners Making £85 per day

The latest House Price Index released by the Department of Communities and Local Government (CLG) confirm that the UK Property market remains healthy, despite the most recent interest rate rises. According to the report, the mix-adjusted UK house price rose from £206,890 in March 2007 to £209,454 in April, not accounting for seasonal adjustments. This means that if you own a home you could be making £85 per day.

For the quarter up to April, the annual house price inflation rate was 11.3 per cent across the country, with the figure in the capital 14.7 per cent, the index also showed.

Commenting on today's figures, David Stubbs, a senior economist at the Royal Institute if Chartered Surveyors (Rics), said: "These numbers confirm that the housing market was in rude health at the start of the second quarter. "These figures also emphasise the broad nature of the prices rises, with every region of England seeing rises of over 7 per cent in the year to April. As this is faster than earnings are rising, it indicates that first time buyer affordability continues to worsen across the country."

Link to comment
Share on other sites

The central bank is a private bank.

The 1946 act was a paper shuffling exercise.

What make you say that? The Treasury is the only shareholder.

All profits from Note issue go to the Treasury.

50% of the profits of the banking functions got to the Treasury.

The other 50% go directly into reserves.

It's all in the annual report.

Link to comment
Share on other sites

The latest House Price Index released by the Department of Communities and Local Government (CLG) confirm that the UK Property market remains healthy, despite the most recent interest rate rises. According to the report, the mix-adjusted UK house price rose from £206,890 in March 2007 to £209,454 in April, not accounting for seasonal adjustments. This means that if you own a home you could be making £85 per day.

Well look at that...

They don't look at the seasonal adjustments in the months where the adjustment is down, but do when the adjustment is up.

Let's see what happens as march turns to april and all the winter upward adjustments unwind in these 2 months.

Off Topic for this thread, sorry, but I just noticed it and had to say something. :angry:

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...

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.