Now this is a Property Bears nightmare

gorgeyetsun

homelessskilledworker wrote: »

Has anyone any idea the devastation high inflation causes causes to millions of lives.

Depends what you call high inflation. double digit was usual in the 70s, hitting the 'boomers' and according to many - they turned out ok financially.

Much higher inflation hit Germany in the depression and Zimbabwe during the last decade. Are you thinking that we will see that sort of inflation any time soon?

mystic_trev

gorgeyetsun wrote: »

It all adds up I'm afraid.

Depends wether you're looking at Property as a home or an Investment. There's never a bad time to buy a home, but as an Investment Property hasn't been so hot the last few years.There have been far better Investment opportunities.

gorgeyetsun

mystic_trev wrote: »

Depends wether you're looking at Property as a home or an Investment. There's never a bad time to buy a home, but as an Investment Property hasn't been so hot the last few years.There have been far better Investment opportunities.

No one mentioned property investment. You seem to be making a point about something no one was discussing?

homelessskilledworker

gorgeyetsun wrote: »

No one mentioned property investment. You seem to be making a point about something no one was discussing?

Yes..

The topic we are talking about is the saving of troubled debters and what many economists and Government(behind the scenes) ministers are now referring to as zombie companys and individuals by introducing a painfull medicine affecting those not in debt and who save.

And for the record those who have a manageable mortgage and who are paying off their capital one way or another are fine and I have no issues with them.

Fella

gorgeyetsun wrote: »

Then what are you on about?

Deary me, talk about going all around the houses.

Just correcting your incorrect assumption.

ruggedtoast

Interest rates are low and it looks like they are going to stay low.

People complain that this punishes retirees, but they can easily turn their savings into the purchase of a slave box with which to charge one of the Gen X / Y working poor £800 a month.

Meanwhile said Gen X / Y, eyes glistening with eager expectation of starting a family and putting down roots will never get a mortgage so will have to rent forever.

As long as things are kept nice for the haves, thats what counts.

gorgeyetsun

Fella wrote: »

Just correcting your incorrect assumption.

By holding yourself up as an example of a tenant saving for a house with his deposit in index linked savings when you're actually a mortgage free home owner?

Yeah, I stand corrected. :rotfl:

gorgeyetsun

homelessskilledworker wrote: »

Yes..

The topic we are talking about is the saving of troubled debters and what many economists and Government(behind the scenes) ministers are now referring to as zombie companys and individuals by introducing a painfull medicine affecting those not in debt and who save.

And for the record those who have a manageable mortgage and who are paying off their capital one way or another are fine and I have no issues with them.

Well, you might be talking about that, but the rest of us are discussing Thrugs point:

"Is that why house prices are falling once inflation is taken into account?"

Clearly, house prices are only falling for those people who are unaffected by inflation - that vast number of individuals who had their deposits saved up pre-2007 in index linked savings accounts and are living rent free with their parents.

gorgeyetsun

Well, I've taken this discussion as far as I can. Time for the:

Fella

gorgeyetsun wrote: »

By holding yourself up as an example of a tenant saving for a house with his deposit in index linked savings when you're actually a mortgage free home owner?

Yeah, I stand corrected. :rotfl:

Wow you're tedious.

Firstly I never held myself up as an example of a tenant, merely pointed out what savings were available.

Secondly YOU assumed I was a tenant & wrote "If you have been saving up for a house since before 2007 (as you seem to be saying) "

Which I pointed out was an incorrect assumption.

Lost all interest in you now since you're unable to put forward even a vaguely cohesive argument. You're determined to just pump the line that all savers have done terribly over the last 5 years when anyone except a moron knows this isn't true.

Feel free to have the last word since I suspect you're the kind of chap who really needs it. I won't respond either way.

Should have known better than to bother replying to someone who has multiple usernames anyway (whats even the point of that, why not just keep posting as RenovationMan ?)