BBC News - look at this link

BBC News appears to be deliberately confusing people over house prices. There are 2 opposing stories on the same page:

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The first link says: House price inflation moves lower The second links says: House price growth up again

Well, which is it?

Reply to
jameshamilton777
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In message , snipped-for-privacy@hotmail.com writes

How do you figure out that it is the BBC who are confusing us? They only report news. It is the Halifax and Two Jags who are confusing you.

Reply to
john boyle

The two stories say house prices are continuting to grow, at a slower rate.

Reply to
Simon Jerram

so if inflation was 5% and then was 4% that is lower inflation but still up and, and would still make this

correct

See?

Reply to
Tumbleweed

Bitstring , from the wonderful person snipped-for-privacy@hotmail.com said

Why don't you look at the Halifax numbers and make your own mind up! It appears that someone screed up this week, since neither story managed to work the word 'Crash' in anywhere. 8>.

Reply to
GSV Three Minds in a Can

In message , Simon Jerram writes

No they dont,

a) "House price inflation rose in September according to the latest figures from the Halifax bank. The country's biggest mortgage lender says prices are now rising at an annual rate of 3%.

The figure is slightly higher than the 2.5% rate recorded in August"

b) Annual house price inflation has dropped to just 3%, according to the Office of the Deputy Prime Minister. Its latest figures, for August, show the inflation rate slowing from the

4% level recorded in July.
Reply to
john boyle

In message , Tumbleweed writes

No it wouldnt. The line above says house price *growth* up again. Which means the rate of growth has increased, i.e. house price inflation is increasing. If the word 'growth' or 'up' had been omitted then it would have made sense

No, but do you now?

Reply to
john boyle

At 19:40:48 on 10/10/2005, john boyle delighted uk.finance by announcing:

Up to 3% from 2.5% in August.

Down to 3% from 4% in July.

So it went from 4% in July, to 2.5% in August, to 3% in September. Where's the confusion there?

Reply to
Alex

At 18:32:44 on 10/10/2005, Tumbleweed delighted uk.finance by announcing:

Why? Price growth = inflation. It's either up or down (or stable), but not both. It only really makes sense when you see that the articles are referring to different months.

Reply to
Alex

it could equally mean, sloppily worded, that house prices have risen, again. Given the amount of crap that is printed, and the fact that as others have posted, the facts in the story dont support the headline anyway, I think expecting razor sharp wording is somewhat optimistic!

Reply to
Tumbleweed

In message , Alex writes

Well it appears to have certainly confused you.

Was it 2.5% in August or 3%? Tell me which?

Reply to
john boyle

In message , Tumbleweed writes

Of course it says that. Nowhere does it say, or do I assert, that house prices have dropped.

Now, you've been in this usenet business long enough not rely on other posters views!

Oh yes they do.

Lets look at what the Halifax says

"The country's biggest mortgage lender says prices are now rising at an annual rate of 3%.

The figure is slightly higher than the 2.5% rate recorded in August"

That means that house price inflation is positive because 3 is bigger than 2.5..

Now lets look at what 2 Jags office says

"Annual house price inflation has dropped to just 3%, according to the Office of the Deputy Prime Minister. Its latest figures, for August, show the inflation rate slowing from the

4% level recorded in July."

That says that house price inflation is negative because 3 is less than

  1. Its interesting to note that they have conflicting figures for August.

Errr, quite.

Reply to
john boyle

In message , Alex writes

Yes, even so, they get different values for August!

Reply to
john boyle

At least when you readthe Daily Mail you know where you stand...

=> on the right worried about house prices.....

Reply to
Rab C Nesbitt

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