peterweg
4 Sep 2012
Real Estate / Poland's apartment prices continue to fall [1844]
You can't take the stupid out of Real Estate, can you?
If average is misleading, then every price the average is made up of is 'misleading'. The average is neither right, nor wrong its the average of the two.
Those are nominal prices. Add on 20% to the 2006 price, for instance, for inflation
bankofengland.co.uk/education/Pages/inflation/calculator/flash/default.aspx
In Battersea, on my street, prices are at 2006 level but that ignores the 20% rise in inflation
An average is a misleading number in real estate.
You can't take the stupid out of Real Estate, can you?
If average is misleading, then every price the average is made up of is 'misleading'. The average is neither right, nor wrong its the average of the two.
It's amazing that there have been none of the 20-30% falls in price that seem to be proclaimed by the media.
Those are nominal prices. Add on 20% to the 2006 price, for instance, for inflation
bankofengland.co.uk/education/Pages/inflation/calculator/flash/default.aspx
In Battersea, on my street, prices are at 2006 level but that ignores the 20% rise in inflation