Thursday, December 16, 2010

Only the government should be able to tell you about house prices.

Single house price index 'should be introduced'

All of these pesky house price indices blathering negative numbers one after another. 3 month on 3 month, mix adjustment, asking prices. It just confuses your average punter. What we need is a government advisor to tell the house owning voter what is happening to house prices.

Posted by ontheotherhand @ 01:16 PM (1492 views)
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11 thoughts on “Only the government should be able to tell you about house prices.

  • BBC: However, prices are still 10% higher than 200X

    This index will only go up!

    Reply
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  • Yes, we can’t have six separate indices telling us that the market is collapsing every month can we.
    It’s only OK to have loads of indices when the market is on the way up, right!

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  • sibley's b'stard child says:

    It is announced that Rightmove are leading the claim to be the accepted single index….

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  • Thecountofnowhere says:

    This is truly shocking.

    House prices should not be a factor in making decisions on the economy…the fact that they are means something has gone far wrong.

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  • its why we have multi party politics……so that one party challenges another and just can’t lie without being found out….. one gov controlled housing statistic?……wonder what direction would that be heading?

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  • Long Time Lurking says:

    As the government asked mystic merv to include house prices into the cpi figures as soon as possible shortly after being elected ,and then commissioning a report on the house price index`s it would sujest to me that it is going to happen sooner rather than later

    If the above is to be the case ? the last thing they would wont, with the current problems with CPI figures is to include something that they think is going to rise in value ,I see it as they know there is going to be falls in house prices and they are going to use these to water down the CPI figures it would be madness to include them in CPI and then try to support/increase them

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  • Come on guys be fair, only the Government produce Inflation data and we all know how accurate that is…

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  • Yes, and while we’re at it we should only have one political party, and one broadcaster and one lobotomy each!

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  • crash bandicoot says:

    Dear BBC can you please fix it for me to have one sure-fire way of making money without doing anything?

    I am begining to have problems understanding all these property indicies. They all seem to make it look like house prices are falling. Can’t we find someone who knows what they are talking about and let them make a nice monthly report? How about that nice Kirsite and Phil, they seem to understand how the housing market works…

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  • We all know that inflation is higher (especially for essentials like food and fuel) but that the CPi and RPI are massaged. If the was a single HPI (house price index) the story would be the same – but in reverse, with house price inflation massaged always +ve to give warm feeling to VI’s and con buyers in to ever higher prices and higher debt. Seaonal adjusted – of course!

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  • Maybe another index which shows how long it really takes to sell your house, and one which shows the multiples of earnings required, together with a warning on interest only mortgages.

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