House prices will not recover to their 2007 peak until 2024

IveSeenTheLight

the_flying_pig wrote: »

2024, not 2014.

all that the 2017 says is, from peak, 10 years nominal to get back. sounds a bit arbitrary & plucked-out-of-the-air to me.

yes, of course, an honest typo.
I'll go edit it now

IveSeenTheLight

armour wrote: »

Isn't that exactly what they (gov/BoE) are doing?
I think a high inflation policy has been followed for quite some time now and probably will be for a good few years more.
Anybody know what the cumulative amount of inflation has been over the last 3 or 4 years?

Theres a nice spreadsheet of inflation both RPI & CPI seach month since 1948
http://spreadsheets.google.com/ccc?key=pXMFQ3e4aFY11oQkT_7FhZg

This following link shows that roughly, inflation between 2008 & 2012 was 10%
http://safalra.com/other/historical-uk-inflation-price-conversion/
[edit] this seems to round it to 10%'s[/edit]

There another link here
http://www.rateinflation.com/inflation-rate/uk-historical-inflation-rate.php?form=ukir

robmatic

armour wrote: »

Isn't that exactly what they (gov/BoE) are doing?
I think a high inflation policy has been followed for quite some time now and probably will be for a good few years more.
Anybody know what the cumulative amount of inflation has been over the last 3 or 4 years?

It's 12.7% over the last 4 years.

Clearly the BoE aren't very good at this high inflation policy malarkey!

homelessskilledworker

robmatic wrote: »

It's 12.7% over the last 4 years.

Clearly the BoE aren't very good at this high inflation policy malarkey!

Agree

Even though inflation went over it's target for a good long while, inflation in the UK has been well managed and very low for 15 years now compared to the problems we have had in the past.

robmatic

homelessskilledworker wrote: »

Agree

Even though inflation went over it's target for a good long while, inflation in the UK has been well managed and very low for 15 years now compared to the problems we have had in the past.

We've got to the point where people think 5% in a year is rampant inflation.

Short memories.

Graham_Devon

robmatic wrote: »

We've got to the point where people think 5% in a year is rampant inflation.

Short memories.

Yer, but food was going up by something like 19%, domestic energy around 12%, transport costs around 11%.

I believe theres going to be a new index soon, looking at these prices, rather than sticking the latest technology in which you might buy once every 2-3 years (if you are lucky) which drops in price and brings the main inflation level down.

RenovationMan

homelessskilledworker wrote: »

Agree

Even though inflation went over it's target for a good long while, inflation in the UK has been well managed and very low for 15 years now compared to the problems we have had in the past.

Blimmin' 'eck HSW, you're really starting to talk sense on this forum these days. Watch out though, Devon will have you drummed out of the 'bear' gang!

Did everyone notice that he quoted robmatic with his retort, and not you who made the actual/original comment. You're still in the gang for now but he has his eye on you...... :rotfl:

homelessskilledworker

RenovationMan wrote: »

Blimmin' 'eck HSW, you're really starting to talk sense on this forum these days. Watch out though, Devon will have you drummed out of the 'bear' gang!

Did everyone notice that he quoted robmatic with his retort, and not you who made the actual/original comment. You're still in the gang for now but he has his eye on you...... :rotfl:

Am I!

I wish I could say the same to you, but I can't with any honesty.

I honestly try and post as if I see it and not play this us and them bunfight(bears V's Bulls), zzzzzzz.

I still go along with the Michael Portillo way of thinking in that I think an "Event" is coming, that will effect many things, house prices included.

Just one tip for you, try and not generalise about every bear posting you read, not everyone one is a sad little man in a bedsit wearing NHS glasses embittered and alone who is wishing a property crash rather than knowing one will happen

RenovationMan

homelessskilledworker wrote: »

Just one tip for you, try and not generalise about every bear posting you read, not everyone one is a sad little man in a bedsit wearing NHS glasses embittered and alone who is wishing a property rather than knowing one will happen

Indeed, not every 'bear'.... :rotfl::rotfl:

armour

Thanks for the links ISTL. I guess the negative numbers (for RPI) during 09 were due to interest rates falling to 0.5%.
Over the last 2 years RPI has been 5%/year, over twice times target. I know that the Govt/BoE state that deflation is the the big worry but inflation is what we seem to be getting. Indeed the latest (lower) inflation figures triggered another round of money printing.
As I see it, deflation = real value of debts increase, inflation = real value of debts decrease.
How long would it take for debts to halve if we were to have 5% inflation for the forseeable?