Impending house price crash

[d000hg]

Indeed, no inflation. Council tax hasn't gone up, rent hasn't gone up, rail fares never went up, utility bills haven't gotten more expensive.

Are you deliberately twisting the narrative, or just bloody thick? Inflation is the norm, and a good thing. Runaway inflation is not. One was predicted by the QE doomsters, the other happened.

[Andy2]

Are you deliberately twisting the narrative, or just bloody thick? Inflation is the norm, and a good thing. Runaway inflation is not. One was predicted by the QE doomsters, the other happened.

inflation is a good thing for govt but terrible for general public. Inflation is good for us only if it is accompanied by wage inflation , which has not happened for the last 10-15 years.

[AtW]

inflation is a good thing for govt

No, it's not good because they'll have to index pensions and other stuff (like gilts interest) plus risk having to increase "independent" BoE rates, that's why they go to extraordinary lengths to fake it to as low as possible.

[Andy2]

No, it's not good because they'll have to index pensions and other stuff (like gilts interest) plus risk having to increase "independent" BoE rates, that's why they go to extraordinary lengths to fake it to as low as possible.

UK govt has £2 trillion of debt which will erode with time due to inflation.

[Lance]

inflation is a good thing for govt but terrible for general public. Inflation is good for us only if it is accompanied by wage inflation , which has not happened for the last 10-15 years.

not necessarily.
If you're in debt then inflation reduces that debt burden.
So if you have a decent index linked pension and a mortgage you can do very nicely. Boomers should love inflation (but boomers don't know it as they remember the 70s).

[AtW]

UK govt has £2 trillion of debt which will erode with time due to inflation.

That’s old logic - new logic is that they just print money to keep new borrowing costs whee they want (close to zero)

[GigiBronz]

That’s old logic - new logic is that they just print money to keep new borrowing costs whee they want (close to zero)

it also helps with eroding the savings of people without assets hence they have to work harder / return to the economy.
in some terms inflation is theft.