Debate House Prices
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Salary increases keeping up with RPI since 2007. As it happens.
geneer
Posts: 4,220 Forumite
RPI 2008 0.9%
RPI 2009 2.4%
RPI 2010 4.8%
TOTAL = 8.1%
Median Salary Increase 2008 4.5%
Median Salary Increase 2009 2.0%
Median Salary Increase 2010 2.0%
TOTAL = 8.5%
That noise you heard was another discredited bull argument being torn apart.
RPI 2009 2.4%
RPI 2010 4.8%
TOTAL = 8.1%
Median Salary Increase 2008 4.5%
Median Salary Increase 2009 2.0%
Median Salary Increase 2010 2.0%
TOTAL = 8.5%
That noise you heard was another discredited bull argument being torn apart.
0
Comments
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Huh....
So, wait a minute, you're trying to tell us that all those bear memes about wages not keeping up with inflation are in fact a total load of crap.
And that anyone who took on a mortgage in 2007 has seen it devalue by 8.5% already, in addition to taking advantage of the lowest rates in history.
Well thanks for being so bullish geneer.
Very nice of you.
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Huh....
So, wait a minute, you're trying to tell us that all those bear memes about wages not keeping up with inflation are in fact a total load of crap.
And that anyone who took on a mortgage in 2007 has seen it devalue by 8.5% already, in addition to taking advantage of the lowest rates in history.
Well thanks for being so bullish geneer.
Very nice of you.
That does very much appear to be the case. Between 2007 and 2011.
Not so much for the last year of course.
Though I'm not sure that makes me bullish, given how it effectively negates one of the "bulls" last few remaining fall back positions.
Exquisite. 0 -
Seems theres a battle going on between two groups at the moment over the use of real falls in house prices, wage inflation, etc etc with both groups taking a "winner" position in both scenarios....just by writing their own scenarios.
Best really to use the data that everyone else uses when looking at inflation. That is, CPI.0 -
Graham_Devon wrote: »Seems theres a battle going on between two groups at the moment over the use of real falls in house prices, wage inflation, etc etc with both groups taking a "winner" position in both scenarios....just by writing their own scenarios.
Best really to use the data that everyone else uses when looking at inflation. That is, CPI.
CPI=9.7% between 2007 & 2011.
Compared to median salary increases of 8.5%.
Not too shabby.
Not sure where my "scenario" is.
I've merely pointed out the salary increase have kept up with inflation since the crash in 2007.
Though that may not continue, as for the last two years inflation has been outstripping salary increases by a factor of around 50%.
Which is what the bears have been saying.0 -
CPI=9.1% between 2007 & 2011.
Compared to median salary increases of 8.5%.
Not too shabby.
Not sure where my "scenario" is.
I've merely pointed out the salary increase have kept up with inflation since the crash in 2007.
Though that may not continue, as for the last two years inflation has been outstripping salary increases by a factor of around 50%.
Which is what the bears have been saying.
interesting how you used the negative from 2007... instead of the 2008-2010 comparison... cause it suits?
LoL
hence the edit... ps I saw your 11% ;-)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 -
50% of workforce have a payfreeze
volumes of house sales are around 50% (maybe less) of the norm, not the ridiculous levels of 2007 with liar loans.
See the trend... during the labour days when they still looked after public sector workers, they kept the housings values above water while private sector re-adjusted, now its public sectors turn for pay freeze, while private sector looks after the buying of houses.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 -
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interesting how you used the negative from 2007... instead of the 2008-2010 comparison... cause it suits?
LoL
hence the edit... ps I saw your 11% ;-)
Sorry, what?
The CPI figures are the total from dec 08, dec 09, and dec 2010.
Which does indeed cover the three year period from the end of 2007 to the start of 2011.
Its really not that interesting that you saw a prior edit since corrected.
Though it is interesting that you don't appear to have your facts right.
It is the same date range.Graham_Devon wrote: »What is it based on the same date range?0 -
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