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Debate House Prices
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The cost of living.....
Comments
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shhh don't tell anybody, as I have a reputation for fine dining and healthy food eating round these parts, but I bought two packs of jaffa cakes last night. Tesco Value. 58p for two packs of 12.there's always going to be people who have to show off though
how else do you explain jaffa cake sales
Pack one lasted 10 minutes MAX!
I've hidden pack 2 behind the wine gums.0 -
martinman3 wrote: »You are confusing the issue slightly.
1. What you later use your savings for is irrelevant, if savings rate less than RPI inflation rate it is eroded while you are saving it.
2. If you use your savings to purchase an item and the item drops in price after you bought it by more than (savings rate-RPI inflation rate) you are worse off than if you had left your savings where they were and bought it later.
If you are saving for a house you must have a savings rate greater than RPI and buy when house prices hit bottom or you will lose either way.
Savings are not only used to buy something in the future which cannot be bought now. They are used to pay unexpected bills and provide a buffer if money becomes tight.
p.s. re: this thread, I feel like someone still working at their desk during the Christmas Party.:)
I have savings. They are not being added to except by interest.
If I withdraw my savings now and buy a house, I have £0 in the bank.
If I withdraw my savings in 5 years and buy a house, I will have £100k in the bank.
£100k in 5 years' time will always buy more than £0 would.0 -
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Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
PasturesNew wrote: »shhh don't tell anybody, as I have a reputation for fine dining and healthy food eating round these parts, but I bought two packs of jaffa cakes last night. Tesco Value. 58p for two packs of 12.
Pack one lasted 10 minutes MAX!
I've hidden pack 2 behind the wine gums.
I can demolish a pack of jaffa cakes in seconds
and my metabolism lets me get away with it It's a health benefit ...0 -
Good, clear bit of reporting.
The interviewee spelt things out nice and clear... to let middle class people (he roughly defined as having a household income of £50-70k) know it's them that are having the problem. Might mean they pluck up the courage to go and sort it out.
Woman interviewed at the start, with her face hidden behind the tree, sounded a tad common to me though. She talked of lifestyle, I suspect she was trying to buy into something rather than maintain something. The only lifestyle she could have been maintaining was the false one, above her station, that she thought she could buy into with a 2"x3" bit of plastic.0 -
PasturesNew wrote: »I have savings. They are not being added to except by interest.
If I withdraw my savings now and buy a house, I have £0 in the bank.
If I withdraw my savings in 5 years and buy a house, I will have £100k in the bank.
£100k in 5 years' time will always buy more than £0 would.
I know it's going to be hard to believe this but ....
there is more to life than buying houses you know
Actually, all you statement says is that the house in your example will fall by £100k in 5 years so you should wait and I don't think anyone would disagree with that.0 -
Blow out meal for 2 people.
Value oven chips or value pasta - cooked.
1 tin value baked beans mixed with 1 value tin of plum tomatoes.
Eat with value brown sauce (20p a bottle and DIVINE)
All Tesco value stuff
Gives each person 3 of their 5 a day. Cost is about a pound. Don't ask me to be exact as I'm not good with figures.
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moanymoany wrote: »Blow out meal for 2 people.
Value oven chips or value pasta - cooked.
1 tin value baked beans mixed with 1 value tin of plum tomatoes.
Eat with value brown sauce (20p a bottle and DIVINE)
All Tesco value stuff
Gives each person 3 of their 5 a day. Cost is about a pound. Don't ask me to be exact as I'm not good with figures.
That sounds horrible! Are you sure you aren't pregnant???;)0 -
moanymoany wrote: »Blow out meal for 2 people.
Value oven chips or value pasta - cooked.
1 tin value baked beans mixed with 1 value tin of plum tomatoes.
Eat with value brown sauce (20p a bottle and DIVINE)
All Tesco value stuff
Gives each person 3 of their 5 a day. Cost is about a pound. Don't ask me to be exact as I'm not good with figures.
ok, beans and tomatoes i get, but where's the third portion hiding?
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potatoes don't count as a vegetable for the 1 of 5 thingIt's a health benefit ...0
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