Rat and Mouse
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Tue
28
Feb
HousePriceCrash - causing trouble again

As if HousePriceCrash - a popular website set up to document the crash that never happens - and FirstRung - a website for angry FTBs - aren't entertaining enough separately, here they are together... and the result is hysterical. FirstRung reports on an (apparent) attempt by HousePriceCrash to undermine the credibility of Rightmove's property price index, as the company slides, its tracks greased with champaigne, towards a £400 million flotation. HousePriceCrash has (again, apparently) suggested to Trading Standards and the UK Listing Authority that they take a closer look at some of the figures on the website. The accusation is that Rightmove's massaging house price listings to push up the index ahead of flotation. To give HousePriceCrash credit, they do appear to have asked some salient questions regarding property portfolios which may or may not be showing up in the index as individual homes. But exactly why Rightmove would want to do big up the market when they're in the business of taking advertising off estate agents is a mystery. (Surely, places like Rightmove will do best when estate agents are tripping over each other trying to get their properties noticed.) Anyway, the forum entry that appears to have caused this whole unpleasantness is here... and it's a good read.

Comments

Hi. This is really interesting post. Thank You! I have just subscribed to Your rss!

Best regards

Posted by Forexman at May 25, 2008 2:27 AM

Comments

hey :)
its very unconventional point of view.
Good post.
realy good post

thank you ;)

Posted by loans8438 at September 2, 2008 4:55 AM


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