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Debate House Prices
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Economic indicators, useful or meaningless?
Comments
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Im not really critiquing the higher rate of London inflation, just pointing out that London is still quite far from deflation and begining to wonder if the interest rate mechanism that currently exists is too dumb given the personalised possibilities of the digital age.
It is self evident and often mentioned, that there is only one BoE base rate and it can't possibly be optimum for all parts of the UK
(comparable observation have been made about the EURO base rate and how it doesn't provide optimum results for all parts of the Euro regions)0 -
It is self evident and often mentioned, that there is only one BoE base rate and it can't possibly be optimum for all parts of the UK
(comparable observation have been made about the EURO base rate and how it doesn't provide optimum results for all parts of the Euro regions)
So why don't they change it in the UK ? Because as it stands London has an inherent supply of petrol on its house price fire by the anomaly.Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
Maybe we should have a more personalised interest rates based on what we buy ?
There is nothing stopping you from calculating your own personal 'inflation rate' should you wish to do so.The opening gambit I made was concerning the idea of knowing what the 'London inflation' rate was. So highly relevant what the London experience seems to be like.
A fallacy remains a fallacy even if you call it an 'opening gambit'No, its just that inflation and interest rates and our use of them seems to be quite blunt and simple. Just trying to get my head around why this is....
It is clear that you are indeed struggling.:)0 -
So why don't they change it in the UK ? Because as it stands London has an inherent supply of petrol on its house price fire by the anomaly.
I don't understand what you want changed. No single BoE interest rate can be optimal for all parts of the UK and all parts of the economy.
What exactly is your objective ? Are you only concerned about London houses prices?0 -
It is self evident and often mentioned, that there is only one BoE base rate and it can't possibly be optimum for all parts of the UK ...
Exactly. The UK has only one currency....(comparable observation have been made about the EURO base rate and how it doesn't provide optimum results for all parts of the Euro regions)
Comparable observations have been made about the UK base rate not providing optimum results for the different regions of the UK. Although normally, the complaint has been framed in terms of London based inflation driving the up interest rates to the detriment of the more northern industrial regions.
Perhaps we could devise some kind of regional tax that would mimick the effect of higher interest rates, and levy it on the inhabitants of London, including those named after a major rail terminus.:)0 -
I don't understand what you want changed. No single BoE interest rate can be optimal for all parts of the UK and all parts of the economy.
What exactly is your objective ? Are you only concerned about London houses prices?
I've suggested a personalised rate, different for everybody.
Are you only concerned with being a pedantic irritant ?
Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
Exactly. The UK has only one currency.
Comparable observations have been made about the UK base rate not providing optimum results for the different regions of the UK. Although normally, the complaint has been framed in terms of London based inflation driving the up interest rates to the detriment of the more northern industrial regions.
Perhaps we could devise some kind of regional tax that would mimick the effect of higher interest rates, and levy it on the inhabitants of London, including those named after a major rail terminus.:)
Personalised tax rates would be a far better solution.
Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
There is nothing stopping you from calculating your own personal 'inflation rate' should you wish to do so.
A fallacy remains a fallacy even if you call it an 'opening gambit'
It is clear that you are indeed struggling.:)
It's clear you need to get out more. Go speak to a real person face to face, no doubt you'll struggle but give it go. XProudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
It's clear you need to get out more. Go speak to a real person face to face, no doubt you'll struggle but give it go. X
Ah, the good old ad hominem fallacy! The usual last resort.:)
https://en.wikipedia.org/wiki/Ad_hominem0
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