Reply to: House Prices

[Mustang]

Where do you get a fixed term for 7 years at 2.2%?

[ratewhore]

My grasp of economics is not so good - but it seems that most of the levers for inflation are actually government controlled:

Utilities: monopolostic entities recently allowed to raise prices well above inflation -water alone went up 20% last year. Strategic planning would leave UK less vulnerable to price swings

Fuel - ok oil is at $70 @barrel but tax is the major component of price at the pump reduce the tax component to stabilise prices, help industry and economy - may mean less to give to Africa but who really gives a feck about Africa

Used to be pay rises that raised inflation - with all the immigration I think pay has stabilised to reflect increse in labour pool

And the contents of the RPI of course...

[DimPrawn]

Yes immigration is the answer.

The more that come in, the better off we all are.

Here's the proof:

House prices will rise due to demand.
Pay rises will fall and hence inflation will fall.
They will wipe my bum when I'm older.
We won't have any of them nasty skills shortages.

I'm just annoyed the government seem to think 1,000,000 a year is enough.

[Troll]

My grasp of economics is not so good - but it seems that most of the levers for inflation are actually government controlled:

Utilities: monopolostic entities recently allowed to raise prices well above inflation -water alone went up 20% last year. Strategic planning would leave UK less vulnerable to price swings

Fuel - ok oil is at $70 @barrel but tax is the major component of price at the pump reduce the tax component to stabilise prices, help industry and economy - may mean less to give to Africa but who really gives a feck about Africa

Used to be pay rises that raised inflation - with all the immigration I think pay has stabilised to reflect increse in labour pool

[Shimano105]

No mortgage thank feck. Maybe now I can buy that row of terraces that I always dreamed of. You need dreams.

[Phoenix]

Ah! He's a permie...explains the Bedsit in Surreyville

[BlasterBates]

Hey Francko have you finally dumped the "trappings" of permiedom.

"The contractor among contractors"

[Francko]

Terrace?
Dear boy raise your sights a little...A semi is the minimum

In London? then there should be at least a 50% crash then.

[Phoenix]

So I can buy a terraced house in Surrey finally.

Terrace?
Dear boy raise your sights a little...A semi is the minimum

[Francko]

crash crash crash

So I can buy a terraced house in Surrey finally.

[bobhope]

Bring it on

Fixed rate - 7 years @ 2.2%. We could have bought for cash, but at that rate, it seemed rude not to borrow the money.

[DaveB]

No mortgage. Bought for cash. Double sorted.

Thats the plan for the next one. Was permie when I bought this one so didnt have the required liquidity at the time.

[Cyber Controller]

What we need are more immigrants. I hope the government is listening.

And shared equity deals financed by highter taxation.

[DimPrawn]

What we need are more immigrants. I hope the government is listening.

[Cyber Controller]

I'm a real contractor

Fixed rate mortgage, sorted.

No mortgage. Bought for cash. Double sorted.