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Gremlin

The Building Societies Have Admitted It....

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So all the lenders have Y/Y falls in their stats and this is having done their best to glam them up. The DCLG release their data today and expectations are of a 3.3 per cent rise Y/Y. One year into the biggest ever meltdown of credit markets and they think prices have risen. As DCLG prices are taken from data provided by lenders how is this miracle of economic alchemy happening?

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DCLG are publicly funded and gorging at Gordenron's trough of big pensions, expenses, salaries and payoffs. Like with CPI, unemployment numbers, etc etc, their figures will be whatever Gordenron wants them to be.

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I suspect it actually means the rest of world gets the blame.

it's all them terrorists and kids running around stabbing anyone i tell you :lol:

Only Brown can protect you so be nice to him.

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Sorry to spoil a nice conspiracy, but the DCLG y-o-y figures are higher because they are based on completions and hence lag the lenders' data. See the HPC Wiki for details.

DCLG comes in stronger than expected at 3.7 Y/Y. Are they lagging back to 2005? ;)

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  • 396 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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