Cost of living squeeze in 2022
Discussion
Sway said:
And those different words actually make it make sense.
Except, that's not your OP at all - which claimed falling prices not slowing growth in price increases.
So that same ‘meaningless term’ that both Nationwide and I used is now suddenly correct. Interesting.Except, that's not your OP at all - which claimed falling prices not slowing growth in price increases.
Selectively quoting just 2 words out of a full sentence changes the context.
tannhauser said:
I don’t care whatever any of you say. Proper prices are way out of whack and artificially inflated based on funny money. There has to be redress.
Which a stagnation of prices combined with moderate inflation would achieve without causing huge shockwaves. Youth unemployment is where every depression hits hardest. How does that help young people get on the property ladder, or learn a trade or start a family? It doesn’t. You’re angry and as a consequence you’re not presenting a rational argument.
Throttlebody said:
Sway said:
And those different words actually make it make sense.
Except, that's not your OP at all - which claimed falling prices not slowing growth in price increases.
So that same ‘meaningless term’ that both Nationwide and I used is now suddenly correct. Interesting.Except, that's not your OP at all - which claimed falling prices not slowing growth in price increases.
Selectively quoting just 2 words out of a full sentence changes the context.
You cant admit you were wrong though can you? You never do.
Throttlebody said:
Selectively quoting just 2 words out of a full sentence changes the context.
Your own post at 2017 yesterdayThrottlebody said:
Nationwide releases it’s monthly house price data this week.
Over the last 3 months consistent price falls have been pulling the annual average down. Mar 14.3%, Apr 12.1%, May 11.2%.
Will it continue or have a rebound? Which dog is going to have 2 dicks?
Do you now agree with Nationwide that monthly house prices are still increasing ?Over the last 3 months consistent price falls have been pulling the annual average down. Mar 14.3%, Apr 12.1%, May 11.2%.
Will it continue or have a rebound? Which dog is going to have 2 dicks?
Throttlebody said:
Sway said:
And those different words actually make it make sense.
Except, that's not your OP at all - which claimed falling prices not slowing growth in price increases.
So that same ‘meaningless term’ that both Nationwide and I used is now suddenly correct. Interesting.Except, that's not your OP at all - which claimed falling prices not slowing growth in price increases.
Selectively quoting just 2 words out of a full sentence changes the context.
The full sentence doesn't change anything - the key here is the attribute definition, which in your sentence were those three words. Keep digging, it's getting more and more amusing.
Throttlebody said:
Nationwide releases it’s monthly house price data this week.
Over the last 3 months consistent price falls have been pulling the annual average down. Mar 14.3%, Apr 12.1%, May 11.2%.
Will it continue or have a rebound? Which dog is going to have 2 dicks?
"Consistent price falls" is wrong. The rate of growth is slowing. And slowing quickly. Over the last 3 months consistent price falls have been pulling the annual average down. Mar 14.3%, Apr 12.1%, May 11.2%.
Will it continue or have a rebound? Which dog is going to have 2 dicks?
Commenting on the figures Robert Gardner, Nationwide's Chief Economist, said: “May saw a slight slowing in the rate of annual house price growth to 11.2 percent, from 12.1 percent in April."
Sway said:
Provide a screenshot where Nationwide use the term "annual % average" (with no further qualifiers).
The full sentence doesn't change anything - the key here is the attribute definition, which in your sentence were those three words. Keep digging, it's getting more and more amusing.
Pedantics. We both know it’s the same value. A rolling annual % average. If you think Nationwide’s Annual Change (%) is different mathematically, enlighten me.The full sentence doesn't change anything - the key here is the attribute definition, which in your sentence were those three words. Keep digging, it's getting more and more amusing.
Throttlebody said:
Pedantics. We both know it’s the same value. A rolling annual % average. If you think Nationwide’s Annual Change (%) is different mathematically, enlighten me.
You interpreted it as house prices going down. Its actually house prices continuing to go up to record highs, albeit at a slower rate than before.So, no, not pedantic at all. Very different.
I guess this is what happens when you have a predetermined outcome that you want and then interpret the data (wrongly) to support it.
Throttlebody said:
isaldiri said:
Do you now agree with Nationwide that monthly house prices are still increasing ?
Nope. I’ll stick with my original statement that annual % averages are falling. Or in Nationwide terms for the pedantics, Annual Change (%) is reducing. 
The small modicum of credibility you might have had among a few remaining posters on here, now shot to pieces.
Deep Thought said:
Throttlebody said:
Pedantics. We both know it’s the same value. A rolling annual % average. If you think Nationwide’s Annual Change (%) is different mathematically, enlighten me.
You interpreted it as house prices going down. Its actually house prices continuing to go up to record highs, albeit at a slower rate than before.So, no, not pedantic at all. Very different.
I guess this is what happens when you have a predetermined outcome that you want and then interpret the data (wrongly) to support it.
Throttlebody said:
Deep Thought said:
Throttlebody said:
Pedantics. We both know it’s the same value. A rolling annual % average. If you think Nationwide’s Annual Change (%) is different mathematically, enlighten me.
You interpreted it as house prices going down. Its actually house prices continuing to go up to record highs, albeit at a slower rate than before.So, no, not pedantic at all. Very different.
I guess this is what happens when you have a predetermined outcome that you want and then interpret the data (wrongly) to support it.
In April it goes up from £100k to £110k
In May it goes up from £110k to £120k
In June it goes up from £120k to £130k.
In each of those three months, the % growth is lower but it is still going up by £10k per month.
Throttlebody said:
isaldiri said:
Do you now agree with Nationwide that monthly house prices are still increasing ?
Nope. I’ll stick with my original statement that annual % averages are falling. Or in Nationwide terms for the pedantics, Annual Change (%) is reducing. Consider a case where something (anything you like) costs £1000 and then we look at the price change of that something through subsequent equal periods of time ...
End of ...
Period 1: 1000
Period 2: 1007
Period 3: 1016
Period 4: 1021
Period 5: 1024
Period 6: 1025
It's a beautiful series of numbers isn't it?
Now, we see at first an increasing rate of growth up to end of period 3. However we then see the rate of increase slowing, and continuing to slow all the way to the end of period 6. But at no time does the cost of this "something" fall
An important concept that is well worth understanding at any age.
Edited by Ntv on Tuesday 28th June 15:15
Ntv said:
Ok, I'm going to explain the concept by way of example (as an aside, did you enjoy algebra as much as I did?)
Consider a case where something (anything you like) costs £1000 and then we look at the price change of that something through subsequent equal periods of time ...
End of ...
Period 1: 1000
Period 2: 1007
Period 3: 1015
Period 4: 1021
Period 5: 1024
Period 6: 1025
It's a beautiful series of numbers isn't it?
Now, we see at first an increasing rate of growth up to end of period 3. However we then see the rate of increase slowing, and continuing to slow all the way to the end of period 6. But at no time does the cost of this "something" fall
An important concept that is well worth understanding at any age.
The cost can ‘fall’ relatively though, ie from period to period. Brings down the average. Also well worth understanding. Consider a case where something (anything you like) costs £1000 and then we look at the price change of that something through subsequent equal periods of time ...
End of ...
Period 1: 1000
Period 2: 1007
Period 3: 1015
Period 4: 1021
Period 5: 1024
Period 6: 1025
It's a beautiful series of numbers isn't it?
Now, we see at first an increasing rate of growth up to end of period 3. However we then see the rate of increase slowing, and continuing to slow all the way to the end of period 6. But at no time does the cost of this "something" fall
An important concept that is well worth understanding at any age.
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