Friday, October 3, 2008
Ten tenuous “facts” from the Times Property section
1. Land Registry data isn't comprehensive. 2. Houses bought with mortgages show greater falls than houses bought without mortgages. 3. Halifax and Nationwide figures are based on their own lending, not objective data. 4. Valuers are controlled by banks. 5. Valuers have hidden vested interests. 6. Valuers have a bias to under-valuing [don't remember them complaining on the way up]. 7. People with normal credit records can still get a mortgage easily. 8. Houses and shares have similar capital gain. 9. Houses and shares have similar yields. 10. As a proportion of take-home pay, houses are far below their peak.