... over at The Times.
The question is "Do you think house prices in the UK represent good value?"
So far, 95.3% have voted "No, house prices are still over-valued". Which is lousy grammar, as it happens - houses are over-valued and house prices are too high. You might as well say "No, houses are still too high", really.
A moronic 1.5% have voted "No, if anything house prices are under-valued", which is not only moronic, it repeats the houses/house prices mistake referred to above and the answer should start with "Yes ..." rather than with with "No...". And only a moron would choose this option anyway, if I hadn't mentioned that. Morons.
H/t LuckyJim at HPC for that second bit of pedantry.
Not For Me
4 hours ago
4 comments:
Wonderfully pedantic. More please!
Pedantry aside, how very encouraging it is that good sense has permeated the minds of 95.3% of those answering the survey.
All it needs now is for the 0.000005% of the population who decide economic policy to join with the masses.
It's because 1.5% of the people of the UK are laid-of derivatives traders: sure, *houses* are overvalued, but *house prices* are undervalued and you can get a really good price by short-selling house price futures...
Fuck. 'laid-off' derivative traders. I imagine the number of people who agree to get laid of derivative traders has fallen dramatically in the last 18 months, possibly more than any other economic indicator.
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