Silly Inflation Question

Slithery

Hugh_Cumber said:

Not allowed or I posted in the wrong place ? 

Obviously I'm not after specific prices, the point I was getting at is how can everything constantly keep going up. At what point is it at the maximum.

Like I said I'm not that smart, maybe I've asked a childish question.
This is closer to what i was meaning..

When I was young a £1 note was a big deal - now it's just loose change.

Not allowed.
There was a specific sub-forum for this but it's currently closed...
https://forums.moneysavingexpert.com/categories/debate-house-prices-the-economy

staffie1

Why is it not allowed?

Slithery

staffie1 said:

Why is it not allowed?

Because that's what the owners of the forums say the rules are and it's their decision.
Did you read the link that I posted?

markin

Maybe try Digital Spy forums or  housepricecrash.co.uk

Woolsery

Slithery said:

Debating house prices and the economy isn't allowed on this forum...
https://forums.moneysavingexpert.com/categories/debate-house-prices-the-economy

Maybe, but the sudden uptick in people asking questions of this nature indicates a need that isn't being met by the Forum.

People were fine while the economy was bumping along in it's usual way; the banks kicking the can down the road with ever more  money printing, but now people are getting sense that all is not well.......and they're right!

The answer to the question does lie in history and it's this; anywhere there's been a fiat money system in place it has eventually collapsed. Go back to Ancient Greece if you like. Human nature is a constant and human greed is a part of it.

But for more info and videos than anyone would have time for, try Chris Martensen's Peak Prosperity Channel on You Tube. Many people here will hate him. Worse, he's American!

badger09

newsgroupmonkey_ said:

I'm not going to talk about the future, because as Slithery said, it's not allowed.

However, if you want to talk about the past.....

https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator

It's much more complicated than that. You also need to compare salaries against house prices.

The difference is much less.

This website also has some historic inflation stats. 

https://www.swanlowpark.co.uk/about

Titus_Wadd

I guess this could become a thread akin to the Monty Python Four Yorkshiremen sketch, with folk listing their first house price.  I bought my second home in 92ish and the interest rate was around 15%...it was a scary time wondering how high it might go; when I moved in 97/98 I only had £7k negative equity, others were much worse off.  Back in the 90s I was convinced that if I didn't get on the property ladder soon I'd be priced out of even the lowliest starter home; pretty much how my kids (26 and 27) feel about the market today

(OP I've probably still got my A level economics notes in the loft I'll mail them to you just as soon as I finish colouring in my revision timetable   )