Debate House Prices


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UK Economy Shows Deflation

13

Comments

  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    Generali wrote: »
    Unless you use the CPI as your rate of inflation of course.
    Generali wrote: »

    Naturally, with the RPI including things like mortgage payments, interest rates being down, it's easy to understand how the RPI is negative

    CPI as you say is still positive

    So which is it? Deflation or inflation?
    You seem to be saying both in different posts ;)
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    Generali, don't know if you noticed Martins top deals of the week.
    London to Oz for £360
    http://www.moneysavingexpert.com/latesttip/
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    StevieJ wrote: »
    I thought house prices were increasing at the moment (albeit temporarily icon7.gif).

    You answered your own question there Steve.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Naturally, with the RPI including things like mortgage payments, interest rates being down, it's easy to understand how the RPI is negative

    CPI as you say is still positive

    So which is it? Deflation or inflation?
    You seem to be saying both in different posts ;)

    I am saying both in different posts. CPI is still above target and has been for almost 2 years. RPI is below target and showing deflation on the face of it (of course it isn't really as it is only negative due to interest rate cuts).

    It's interesting that this one has had 20 odd replies and the other had one, a link to an existing thread.

    I have no idea if that's significant in any way but I just wanted to see what happened to the two threads.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Generali, don't know if you noticed Martins top deals of the week.
    London to Oz for £360
    http://www.moneysavingexpert.com/latesttip/

    I had seen that. The only trouble is I haven't got any bloody money so can't afford to take up the deal :-(((.

    Never mind, I start work as 2IC of a hospital tomorrow and as a University tutor on Friday so things are looking up. I can also get rid of the slightly rubbish caveat in my signature (I never did look up the rules).

    Now the only trouble is I need to learn how to be an accountant tonight (normally takes 3 years of study I think) and how to be a teacher (2 years) tomorrow.

    No worries!
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    Generali wrote: »
    Never mind, I start work as 2IC of a hospital tomorrow and as a University tutor on Friday so things are looking up. I can also get rid of the slightly rubbish caveat in my signature (I never did look up the rules).

    Now the only trouble is I need to learn how to be an accountant tonight (normally takes 3 years of study I think) and how to be a teacher (2 years) tomorrow.

    No worries!

    LOL, I was going to ask if you were a jack of all trades, given your signature, but see now that you are not pursuing this option ;)
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    LOL, I was going to ask if you were a jack of all trades, given your signature, but see now that you are not pursuing this option ;)

    Yeah, couldn't get enough leads to make it pay. I might go back to doing it part-time in future.
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    The Torygraph is saying that "real" inflation is minus 10%!

    http://www.telegraph.co.uk/finance/personalfinance/5548580/Real-inflation-falls-to-minus-10pc.html

    Overall, household costs, which cover utilities, council tax and insurance, are 17pc lower than a year ago, while transport costs have fallen by 16pc. These falls were partly offset by a 9pc rise in food prices, adding £2.94 to the cost of a typical basket of essentials, which now costs £35.20.
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    ad9898 wrote: »
    You answered your own question there Steve.

    Surely anyone who has a debt on a depreciating asset isn't really any better off today than they were yesterday

    Hate to be picky :o
    Surely that depreciating asset has not depreciated since the day before, esp as they are increasing at the moment 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
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Generali wrote: »

    Now the only trouble is I need to learn how to be an accountant tonight (normally takes 3 years of study I think) and how to be a teacher (2 years) tomorrow.

    No worries!

    As long as you get your debits and credits on the correct sides, bankers tend to get it the wrong way round, remember debits on the left :p
    '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
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