Nationwide aug: + 1.3%

Eellogofusciouhipoppokunu

Graham_Devon wrote: »

No I did not, and never have done.

I said yes, while inflation is making the mortgage payment smaller, this doesn't mean the family or homeowner is better off. And the argument has continued from there, with many calculations to prove the householder is better off, which is infact nonsense.

This is what I have said:

I'm being drowned out by the "you don't understand" brigade, when I;ve accepted the point people are trying to make. I just don't accept that just because your mortgage payment looks smaller thanks to inflation the household is therefore better off. I don't think this is a particulalry outlandish claim.

Now it's just ended up in the usual "ha ha ha, graham doesn't understand" nonsense while no one it seems is actually willing to discuss the actual point I made. It's a usual occurance...so as I said....scoff all you like and make stuff up all you like

I've already agreed with the thing everyone seems to be explaining to me, and I did that two pages ago.

I think the problem is that you actually made two points and a lot of people on the thread are trying to discuss point 1 and you are trying to discuss point 2. At least, that's my take on it.

Point 1:

Graham_Devon wrote: »

How would the mortgage payment have eroded due to inflation. Were currently in a period of miniscule wage inflation.

Point 2:

Graham_Devon wrote: »

With inflation generally being taped onto living costs, I don't think anyone would find it easier in general today compared to 2010 to service their mortgage thanks to simple inflation.

Just to clear things up, are you saying that you now understand point 1, and how mortgage payments have been eroded due to inflation?

Graham_Devon

Eellogofusciouhipoppokunu wrote: »

Just to clear things up, are you saying that you now understand point 1, and how mortgage payments have been eroded due to inflation?

I said I understood point 1 two pages back.

Yes, inflation based on the CPI or RPI index will make your mortgage amount look smaller.

If wotsthat refuses to acknowledge this, and keeps dragging a point in time back into the discussion, of course it will all get confused.

I'm positive you already understand this....but this is what this forum is all about....two sets of people will disagree on everything, regardless of what it takes to make the disagreement.

Eellogofusciouhipoppokunu

Graham_Devon wrote: »

I said I understood point 1 two pages back.

If wotsthat refuses to acknowledge this, and keeps dragging a point in time back into the discussion, of course it will all get confused.

I'm positive you already understand this....but this is what this forum is all about....two sets of people will disagree on everything, regardless of what it takes to make the disagreement.

I just think things got confused because people were at crossed purposes due to the two different points. Or at least, that's what was confusing me anyway.

With your second point, "With inflation generally being taped onto living costs, I don't think anyone would find it easier in general today compared to 2010 to service their mortgage thanks to simple inflation."

If you changed "anyone" to "most people" then I dont think too many people would disagree with your statement. Some people will obviously have had inflation busting payrises or bonuses and so will find it easier to service their mortgage.

Posting on here seems to be like writing a legal document!

Graham_Devon

Eellogofusciouhipoppokunu wrote: »

Posting on here seems to be like writing a legal document!

My best advice is not to make a spelling mistake.

Eellogofusciouhipoppokunu

Graham_Devon wrote: »

My best advice is not to make a spelling mistake.

or grammatical errors from what I've seen in another discussion I'm involved in on the savings board.

ukcarper

Graham_Devon wrote: »

I've never disagreed with that or even implied any different.

All I have said throughout is that the family spend on goods does not match the RPI or CPI in it's entirity, therefore those sorts of calculations to come to a conclusion over how much better or worse off the family is are pointless.

The things people generally spend each month on have a higher inflation rate in general than the RPI or CPI measure.

My point throughout has been that you have to look at the goods money is spent on, rather than using the CPI rate to create assumptions.

For example...last year...(figures as I recall them)

Food up 11%
Gas / Electricy up 18%
Petrol up 24%
Clothing down 1%

If we consider those to be the staple family outgoings, working out how much better off they are based on a rate of 3.6% is nonsense. Hence why so many articles working out true personal inflation of families is so much higher.

Come on graham petrol up 24% it’s actually pretty much the same as it was in Sept 2011.

Food make your mind up is 3% as you said earlier or 11%

　

　

　

wotsthat

Graham_Devon wrote: »

I said I understood point 1 two pages back.

If wotsthat refuses to acknowledge this, and keeps dragging a point in time back into the discussion, of course it will all get confused.

OK. It's hard to keep up - sometimes your style is, rather than agree to a point you don't like, to 'prove' a different point thereby dismissing the original point by stealth (forumonics?). I'm glad that's been cleared up - I acknowledge your acknowledgment.

Point 2

Graham_Devon wrote: »

With inflation generally being taped onto living costs, I don't think anyone would find it easier in general today compared to 2010 to service their mortgage thanks to simple inflation.

Mix in a pay rise from 2010, 2011 & 2012 and the story will likely be different.

Mr._Pricklepants

Graham_Devon wrote: »

For example...last year...(figures as I recall them)

Food up 11%
Gas / Electricy up 18%
Petrol up 24%
Clothing down 1%

That's uhm...erm...hmm...

...uhm...

...52%!

System

Mr._Pricklepants wrote: »

That's uhm...erm...hmm...

...uhm...

...52%!

Graham_Devon

ukcarper wrote: »

Come on graham petrol up 24% it’s actually pretty much the same as it was in Sept 2011.

Food make your mind up is 3% as you said earlier or 11%


　

Fuel is up 38% since June 2007.

Not linked to any mathmatics people may wish to carry out...just putting the figures across.