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[twilightembrace]

Stereo Horizon are playing at The Grapes tomorrow (Tuesday) night. Imagine if Matt Bellamy had sex with everyone in the Arcade Fire on top of an electric keyboard. You should totally come.

This news story confuses me. Can anybody point me at statistics so I can work out what proportion of the country actually wants this to happen?

Comments

[mayfly182]

What proportion of the country wants what to happen? Do you mean the "price drops were welcomed by some" comment?

[twilightembrace]

Assuming the most basic of motivations, people who own houses or mortgages want house prices to go back up to the previous peak. People who do not own houses or mortgages but are of an age where they could want them to continue to fall. I wonder what the census breakdown of Britain is, along these lines.

What baffles me is that two weeks ago auntie was reporting that this peak had been unsustainable for many years. It is now celebrating its return.

[narcisse_dei]

The first table on this link suggests 70% of households fit into the category of owner occupier. It's obviously not as simple as that, but it's a starting point.

http://www.communities.gov.uk/housing/housingresearch/housingstatistics/housingstatisticsby/householdcharacteristics/livetables/

[twilightembrace]

It's a real problem with these statistics that they're by household. Do we assume that every owner occupier household contains... 1.2? 1.7? people in favour of an increase in prices. My house contains three people against. Most post-student houses probably contain four. Does it, in fact, balance out evenly?

I'd also be interested to see if there was a compression in prices. Surely a house is still a house - are lower-end properties decreasing at a lower rate than higher end? Or is this a naive view of the economy?

I didn't really expect any answers to this but thank you for the start.