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Debate House Prices
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Is inflation starting to hit the housing market?
Comments
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Graham_Devon wrote: »Thought you'd have a quick change of heart when you realised you were agreeing with me and not others
Nope, I have been consistent all the way through the discussion. You're just doing your usual tactic of building strawman arguments.
So, getting back to the debate you seem to want to distract us from...
So are you agreeing with me that you don't believe that inflation makes a mortgage harder to pay? Come now, don't muddle up the debate int he hope that you'll get off the hook.
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Harry_Boyle wrote: »
So are you agreeing with me that you don't believe that inflation makes a mortgage harder to pay? Come now, don't muddle up the debate int he hope that you'll get off the hook.
If your wages don't go up and everything else but your mortgage does there will come a point at which you can't pay for everything. Your life becomes unaffordable including your mortgage."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
I might be being really stupid here but isn't your point that the person with a mortgage sees no inflation increase on their repayments?
So, adding inflation to more things in your example and using a higher amount for utilities would have made your example even better in favour of the person with a mortgage.
What does wage inflation matter? This has nothing to do with how easy the mortgage is to pay.
My point is not about how easy it is to pay / mortgage / rent, but that by securing the rate, you hedging against future price increases.
Buying a property can fix the mortgage interest, you can take control. Renting means the control is in the hands of others
God, didn't think this would be so hard for so many to compute.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »God, didn't think this would be so hard for so many to compute.
Should have learnt that lesson by now This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Graham_Devon wrote: »It's quiet because you are not even talking about what others were talking about ISTL.
The point was simple. Wages are not rising above inflation at the moment. The mortgage only gets easier to pay so long as wages increase more than your outgoings do.
It's that simple.
Trying to turn it into what you want to turn it into takes one very simple fact and makes it into something it was never intended to be. Further, what you are turning it into relies on you having the choice (and therefore the cash) to make a decision on which way you go. It's so far from the reality of most families that its not worth discussing. Were back to a "would you prefer to rent or buy if you had a pile of cash" scenario.
LOL, I havent tried to change the topic.
You [STRIKE]complained[/STRIKE] moaned that I only used one household cost.
When I list more you shrink away and try to change the topic.
Typical Devonian tactic when you realise you are not going to win the argument and are therefore not prepared to answer the simple questions.
Nevermind, nothing new eh!:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
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Hmm, yer. You added a few more costs and then said "pick one".IveSeenTheLight wrote: »LOL, I havent tried to change the topic.
You [STRIKE]complained[/STRIKE] moaned that I only used one household cost.
When I list more you shrink away and try to change the topic.
Typical Devonian tactic when you realise you are not going to win the argument and are therefore not prepared to answer the simple questions.
Nevermind, nothing new eh!
You can't pick one ISTL. Thats the point.
I don't feel the need to keep telling everyone how stupid everyone else is when I can't get my point across. Others seem to just get the point I was making. Apart from, again, the multiple property owning, far removed from reality HPI wishers.
I know what your point is. I have already agree with your point. What I am telling you is your point is neither here nor there, and only relates to a miniscule percentage of the population making a decision on whether they rent or buy. Most don't have that decision. They rent becuase they have to, not because it mkes financnial sense when looking at inflation over 10 years based on one outgoing which they have decided to hedge themselves against, blah de freaking blah....0 -
IveSeenTheLight wrote: »My point is not about how easy it is to pay / mortgage / rent, but that by securing the rate, you hedging against future price increases.
You are starting from the point that prices must increase.
Maybe deflation is the real enemy.
As those overleveraged will be the ones at risk. As falling assets prices do not provide cover for those very real debts.0 -
Graham_Devon wrote: »Hmm, yer. You added a few more costs and then said "pick one".
You can't pick one ISTL. Thats the point.
You clearly don;t read and understand the posts.
Where did I say "Pick One"?
What I asked was- Which of these would you like to fix in order to hedge against inflation?
- How would you prioritise / re-evaluate your sepnding budget?
Graham_Devon wrote: »I know what your point is. I have already agree with your point.
Did you?
I'll have to go back because I can't recall you doing so.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Thrugelmir wrote: »You are starting from the point that prices must increase.
Maybe deflation is the real enemy.
As those overleveraged will be the ones at risk. As falling assets prices do not provide cover for those very real debts.
Oh, so were in a deflationary market are we?
I thought people were complaining because inflation was too high, not that we were in a deflationary environment.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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