From: "Tim"
Newsgroups: uk.politics.misc uk.finance
Subject: Re: Why UK house price falls and a credit crunch are inevitable.
Date: Wed, 21 Dec 2005 13:35:38 +0000 (UTC)
> "Tim" wrote:
> > Eh? The figures above show that it is still *rising*,
> > and that is predicted to continue through 2006 ... !!
>
"Crowley" wrote
> Still rising ? Eh ? quote : "It said that house prices
> across England and Wales fell by 1.29 per cent in
> 2005. It added that the average price had fallen by
> 4.17 per cent since the market turned in June last
> year." Doesn't sound like its "still rising" to me.
Exactly - That bit is talking about *asking*
prices, isn't it - not *selling* prices (values).
Note that their terminology changes from
"prices" to "values" when they stop talking
about falls and start talking about rises!
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