Debate House Prices


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UK Economy Shows Deflation

«134

Comments

  • Chris2685
    Chris2685 Posts: 1,212 Forumite
    u forgot the minus :P
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Chris2685 wrote: »
    u forgot the minus :P

    Fixed. Cheers Chris2685
  • mbga9pgf
    mbga9pgf Posts: 3,224 Forumite
    sweet. Just sweet. My money is worth more today than it was yesterday.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    mbga9pgf wrote: »
    sweet. Just sweet. My money is worth more today than it was yesterday.

    Unless you use the CPI as your rate of inflation of course.
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    mbga9pgf wrote: »
    sweet. Just sweet. My money is worth more today than it was yesterday.

    Unless you go out and buy something, to find that it doesn't quite goes as far as you'd hoped, however what I agree with is if your money is in the bank as savings towards a house then they are worth more, as that asset continues to deflate over the coming years.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    mbga9pgf wrote: »
    sweet. Just sweet. My money is worth more today than it was yesterday.

    Why do you have a mortgage now icon7.gif
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    StevieJ wrote: »
    Why do you have a mortgage now icon7.gif

    Surely anyone who has a debt on a depreciating asset isn't really any better off today than they were yesterday.;)
  • mbga9pgf
    mbga9pgf Posts: 3,224 Forumite
    Nope. they are 1.1% worse! Just wait till the next pay round!
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    ad9898 wrote: »
    Surely anyone who has a debt on a depreciating asset isn't really any better off today than they were yesterday.;)

    it's not time to bring out those house price indexes since february again is it...
  • mbga9pgf
    mbga9pgf Posts: 3,224 Forumite
    Just wait! Lots of price drops in my area I am witnessing (North Wilts)

    From here on in, we will have a couple of minor rallies, here to 2011-2012 its all down baby! ;)
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