Emeritus Prof Christopher May on Nostr: [sound of grinding teeth]... Someone needs to sit the Guardian editorial team down & ...
[sound of grinding teeth]...
Someone needs to sit the Guardian editorial team down & explain to them:
Rising house prices are not 'growth' - this is asset price inflation driven by financial instruments & constrained supply... read my lips: IT IS INFLATION!
(just because its excluded from RPI/CPI measure doesn't make it growth!)
And most inflationary areas are not 'best performing' - they are areas of housing crisis!!!!
#housing #headinmyhands
https://www.theguardian.com/money/article/2024/may/27/house-price-growth-in-rural-areas-outstrips-towns-in-great-britain
Someone needs to sit the Guardian editorial team down & explain to them:
Rising house prices are not 'growth' - this is asset price inflation driven by financial instruments & constrained supply... read my lips: IT IS INFLATION!
(just because its excluded from RPI/CPI measure doesn't make it growth!)
And most inflationary areas are not 'best performing' - they are areas of housing crisis!!!!
#housing #headinmyhands
https://www.theguardian.com/money/article/2024/may/27/house-price-growth-in-rural-areas-outstrips-towns-in-great-britain