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Debate House Prices
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CPI Up to 3.7% RPI Up to 4.8%
Really2
Posts: 12,397 Forumite
As it says on the tin.
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Comments
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Erm, obviously better bash up interest rates then? Cos that'll sort inflation out...;)It's getting harder & harder to keep the government in the manner to which they have become accustomed.0
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lemonjelly wrote: »Erm, obviously better bash up interest rates then? Cos that'll sort inflation out...;)
I was left shocked we did not have over 4% today. It was well known on here it was going to be over 4% today.
Must be fiddling the figures again.;):)0 -
excellent, thats a 5.7% min pay increase then!
happy days Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
I was left shocked we did not have over 4% today. It was well known on here it was going to be over 4% today.
Must be fiddling the figures again.;):)
Must admit I thought it would be higher than it is. It certainly feels higher!:eek:excellent, thats a 5.7% min pay increase then! happy days
Good luck with that one! IIRC wage increases are still only around 2-2.5%, so still a drop in real terms.It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
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lemonjelly wrote: »Good luck with that one! IIRC wage increases are still only around 2-2.5%, so still a drop in real terms.
Depends on companys financial performance like many others, as we had a record year, and very strong margins/profits. It wont be a problem.
However, there could still be a shock to the financial system before March when it goes through.Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
Hectors_House wrote: »Alas I think my employer will be exercising wage restraint again this year.
Knock on effect: my hairdresser is about to find out I can't afford his city-centre price hikes anymore.
and so it goes on....
Historically, I always found the best way to achieve above inflation pay increases was to move and change jobs.
Now I found a company that do pay above inflation increases, there is no need to move.Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
Let's face it, the main reason for IRs to be kept low besides government debt servicing is the housing market, proof indeed that prices are/were too high and many people have over borrowed otherwise mortgage holders would not be worried about any base rate rise that doesn't exceed 7%.
As I've said I bought a nice house in the mid to late 90's on my own with a poor salary, my mortgage rate was 7.7% and I coped fine.Have owned outright since Sept 2009, however I'm of the firm belief that high prices are a cancer on society, they have sucked money out of the economy, handing it to banks who've squandered it.0 -
Hectors_House wrote: »Alas I think my employer will be exercising wage restraint again this year.
Knock on effect: my hairdresser is about to find out I can't afford his city-centre price hikes anymore.
and so it goes on....
That is a great example of what some of us have been saying. Because people will have less in real terms it means people will not use expensive services etc. So they will have to either cut costs or fail.
It certainly is 12 months where we will all feel a fair bit poorer.0 -
That is a great example of what some of us have been saying. Because people will have less in real terms it means people will not use expensive services etc. So they will have to either cut costs or fail.
It certainly is 12 months where we will all feel a fair bit poorer.
Or richer, depending on how, & on what we prioritise.:)It's getting harder & harder to keep the government in the manner to which they have become accustomed.0
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