Home repossession

Cleaver

tamrick wrote: »

To my mind, HPI is the reason for much of the misery around at the moment: people losing their homes, the dearth of any real industry in the UK, the devaluation of the £ and increase in cost of living,

I'm going out in around an hour or so, but I have a bit of downtime before then. Would it be possible to hear your theory around HPI being the reason for my bread, milk and pasta costing more each week? I can't for the life of me work out the link between the two.

tamrick

Cleaver wrote: »

I'm going out in around an hour or so, but I have a bit of downtime before then. Would it be possible to hear your theory around HPI being the reason for my bread, milk and pasta costing more each week? I can't for the life of me work out the link between the two.

Record low interest rates which depreciate the value of the £ - largely to keep HPs inflated? Which increases the cost of imports. Obviously there's also a general increase in commodity prices and other factors but the devaluation of the £ certainly contributes to cost of living factors.

Hamish, I'm not avoiding your reply, got to run, I will reply tomorrow - sorry.

Cleaver

tamrick wrote: »

Record low interest rates which depreciate the value of the £ - largely to keep HPs inflated?

Okay, I guess that's where we differ on opinions. I don't think the reason that most developed countries decreased interest rates over the past couple of years was largely to keep house prices inflated. So I think the rest of your post is wrong, but that's just my opinion.