Uber Doomed...

[Diver]

Rubs hands together and sniggers.

Lot's of cheap property soon. and No mortgages to worry about. Pay cash and laugh at the lenders

[TimberWolf]

The housing crash will at least help with keeping a low inflation figure.....

Good idea, they could put house prices inflation back into the main inflation rate calculation index thingumy.

[tay]

Good idea, they could put house prices inflation back into the main inflation rate calculation index thingumy.

Dont doubt .. when it suits them they will.

[Archangel]

The housing crash will at least help with keeping a low inflation figure.....

I would like a bit of inflation say 5-6%, and higher interest rates.

[tay]

I would like a bit of inflation say 5-6%, and higher interest rates

I can understand why you might want higher interest rates .. yin and yang and all that.. but higher inflation by choice... seems a bit strange.

[Gonzo]

I can understand why you might want higher interest rates .. yin and yang and all that.. but higher inflation by choice... seems a bit strange.

Inflation is good for homeowners who have stretched themselves to the maximum to buy their houses/flats/broom cupboards.

They have a couple of years of sacrifice to be able to pay the mortgage especially while interest rates are rising to curb that inflation, but rising income and eventually lower interest rates means that the period of sacrifice is not too extended.

Now pity the people that have stretched their finances to the maximum these days and are only seeing their income rise at the same rate as low inflation. Their period of sacrifice is going to seem like a long, long time.

[rootsnall]

Now pity the people that have stretched their finances to the maximum these days and are only seeing their income rise at the same rate as low inflation.

How about some pity for the poor 1990s contractor who has seen their daily rate FALL by about 200 a day in 10 years