Saturday, Oct 14, 2006

CML defends 'the math' on first time buyers

Firstrung: First time buyer 'stats.' defended by the CML

Whether or not the CML appears rattled by their recent admission that their published data on first time buyers is severely compromised is irrelevant. This press release, issued to defend their position, still falls a long way short of an explanation as to why the CML proclaims, with such confidence, that their data on the first time buyer market is accurate enough to put firstly a number on first time buyer mortgages, and secondly to see fit to quote an exact figure as to the multiple of salary required in order to climb onto the first-rung.

Posted by converted lurker @ 12:09 PM (502 views)
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1 Comment

1. paul said...

Interesting how they acknowledge the figures are wrong but won't correct them. So they're feeding the government skewed figures, and the government is accepting them at face value, and will continue to do so, in the interests of maintaining the illusion that the market is healthy. Incredible.

The People's Democratic Republic would be proud of such propaganda tactics.

And it's "Maths" by the way, not "Math" unless you are American.

Sunday, October 15, 2006 02:05AM Report Comment

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