Forget those dubious seasonal adjustments, the raw data from the Halifax shows a 19 percent fall in house prices. All the capital gains since March 2005 are now wiped out.
Good. That means that we are about a third of the way to normal prices again, on basis of prices-to-incomes. Two more years to go and I'm buying again.
Forget those dubious seasonal adjustments, the raw data from the Halifax shows a 19 percent fall in house prices. All the capital gains since March 2005 are now wiped out.
Good. That means that we are about a third of the way to normal prices again, on basis of prices-to-incomes. Two more years to go and I'm buying again.
ReplyDeleteMark Wadsworth: "on basis of prices-to-incomes."
ReplyDeleteHow long before incomes start to fall?
Dear Alice,
ReplyDeleteCould you change to a chart that starts at the year 2002?
Thank you in advance.
Rambo
Rambo,
ReplyDeleteI might post a chart going back to 2002, just for you. In general I prefer 2005, I think it is better to keep the series quite short.
As I said, I will post a 2002 chart for you sometime over the next couple of days.
Alice
Dear Alice,
ReplyDeleteYou don't have to do it right now, but it would be nice that you use a 2002 chart from now on.
Thank you for your effort.
Rambo
I like from 1952, RPI adjusted :)
ReplyDeleteB. in C.