npub17y…zkna5 on Nostr: npub1g0tuf…3tvm4 If the FT would think in terms just of NEW houses - ignoring all ...
npub1g0tuf634rz4suczwj7kgnecr6cyt0eu9xmp3sp0fku68mqehq4msp3tvm4 (npub1g0t…tvm4)
If the FT would think in terms just of NEW houses - ignoring all the transfers of ownership in the existing stock, as we do for cars & computers, they would be reporting fairly on the house buildings industry
But what the media does is basically report the health of estate agency, a business that depends on fees from transfers - which has no relationship to the health of UK housing
Rather like reporting on football by focussing on the income of football agents..
If the FT would think in terms just of NEW houses - ignoring all the transfers of ownership in the existing stock, as we do for cars & computers, they would be reporting fairly on the house buildings industry
But what the media does is basically report the health of estate agency, a business that depends on fees from transfers - which has no relationship to the health of UK housing
Rather like reporting on football by focussing on the income of football agents..