Household bills hit 3 year high

Graham_Devon

DervProf wrote: »

Graham, some of us don't watch 14" portable TVs.

Actually, my reply should have been.......


Graham, why would you think that the expenditure on household appliances was majorly low, when your expenditure over the past 3 years had been £8.99 on a set top aerial for your 14" portable ?

Bought a blu ray player the other day.

I now have 2!

DervProf

Graham_Devon wrote: »

Bought a blu ray player the other day.

I now have 2!

Waste of time on a 14" portable.

Parasititc status still intact. :T

HAMISH_MCTAVISH

So the cost of running a home is 3.5% lower than it was 3 years ago.

And just 1.4% higher than 1 year ago.

So much for 5%+ inflation...... As I keep saying, it's your personal inflation rate that counts.

And as average wagers are up 2% or so on a year ago, but the cost of running a home is only up 1.4%, that should demonstrate the point clearly.

Graham_Devon

HAMISH_MCTAVISH wrote: »

So the cost of running a home is 3.5% lower than it was 3 years ago.

And just 1.4% higher than 1 year ago.

So much for 5%+ inflation...... As I keep saying, it's your personal inflation rate that counts.

And as average wagers are up 2% or so on a year ago, but the cost of running a home is only up 1.4%, that should demonstrate the point clearly.

Are people purposely missing the point? The point laid out at the very start of the article?

chucky

HAMISH_MCTAVISH wrote: »

So the cost of running a home is 3.5% lower than it was 3 years ago.

And just 1.4% higher than 1 year ago.

So much for 5%+ inflation...... As I keep saying, it's your personal inflation rate that counts.

And as average wagers are up 2% or so on a year ago, but the cost of running a home is only up 1.4%, that should demonstrate the point clearly.

let's increase rates anyway, that way we stop the endless number of threads about needing BoE rates to increase and the usual suspects can keep quiet for a while hoping that they will get a cheap house.

HAMISH_MCTAVISH

Graham_Devon wrote: »

Are people purposely missing the point?

No Graham, I think the point is clear.

Average wage increase in the last year = 2% or so.

Average cost increase in running a home in the last year = 1.4%.

Therefore your little inflation rants are a bit pointless.

DervProf

HAMISH_MCTAVISH wrote: »

No Graham, I think the point is clear.

Average wage increase in the last year = 2% or so.

Average cost increase in running a home in the last year = 1.4%.

Therefore your little inflation rants are a bit pointless.

Food, petrol, diesel, rail/bus fares. Do they not come into the equation ?

Graham_Devon

HAMISH_MCTAVISH wrote: »

No Graham, I think the point is clear.

Average wage increase in the last year = 2% or so.

Average cost increase in running a home in the last year = 1.4%.

Therefore your little inflation rants are a bit pointless.

Yes Hamish. Purposely missing the point. You won't even acknowledge the point in your response.

Interest rates cannot get any lower. Interest rates are the only thing that enables you to say all you have, but you won't even acknowledge them.

Most of the items in that list are increasing more than inflation. It's only averaged out that the cost becomes less, and it's no real surprise considering base rates, and therefore many mortgages, dropped up to 5% in a matter of months, with more and more people joining in and reverting to SVR's, wiping 21% of the total cost out of the figures.

However, rates can only go one way. When they do, not if, when, those costs will rise rapidly....they will leave households far worse off than they were in 2008. You often ask whats changed since 2007, and tell us people will be able to pay higher rates as they could in 2007.

We can now see what inflation is doing. Even with mortgage payments dropping 21% over 3 years, the cost of housing is still only 3.4% less than it was 3 years ago.

Inflation is eating up the savings made by low rates. Its clear as mud from that table. Rates can not get any lower. If you cannot see the potential problem here, then I don't know what to say.

chucky

DervProf wrote: »

Food, petrol, diesel, rail/bus fares. Do they not come into the equation ?

and there was me thinking the thread was on the estimated Costs of running a home. oh sorry it's Dervprof moving the goalposts again. ok then...

chucky

Graham_Devon wrote: »

Interest rates cannot get any lower.

could you explain this...

I'd also love to know why increasing interest rates would make any of the following cheaper

Council Tax
Water
Maint & repairs
and even fuels costs.