Tuesday, Oct 13, 2009

Killer punchline

Times: House prices grow for fifth month in row

After the usual ramping, the best bit is right at the end: "Recent Bank of England figures showed mortgage approvals were at 52,317 in August, still well below the average monthly 93,400 level since 1993. Mortgage approvals below 70,000-80,000 are generally seen as consistent with falling house prices."

Posted by mark wadsworth @ 03:37 PM (696 views)
Add Comment
Report Article

1 Comment

1. Hjg said...

"Average house prices rose to £196,510 in August" ... what does that mean?
They really mean the average selling price rose, not the average of houses' prices, which is still £160k or so, of course.
Great misleading ramping technique (con trick), which will keep fooling the sheeple nicely no doubt ... until they try to sell, like our neighbours 4 bed at £295k instead of more realistic £230k, or the other more amazing one at £415k which should be ~£290k (in CB23).

Tuesday, October 13, 2009 04:04PM Report Comment

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines
Admin Password
Email Address

Main Blog | Archive | Add Article | Blog Policies