BBC News appears to be deliberately confusing people over house prices. There are 2 opposing stories on the same page:
Well, which is it?
BBC News appears to be deliberately confusing people over house prices. There are 2 opposing stories on the same page:
Well, which is it?
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.
The two stories say house prices are continuting to grow, at a slower rate.
so if inflation was 5% and then was 4% that is lower inflation but still up and, and would still make this
correct
See?
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>.
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.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?
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?
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.
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!
In message , Alex writes
Well it appears to have certainly confused you.
Was it 2.5% in August or 3%? Tell me which?
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
Its interesting to note that they have conflicting figures for August.
Errr, quite.
In message , Alex writes
Yes, even so, they get different values for August!
At least when you readthe Daily Mail you know where you stand...
=> on the right worried about house prices.....
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