Nationwide House Price Index Dec 2013

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AtW replied

3 January 2014, 21:18
Originally posted by d000hg View Post

Except it didn't. And all those people running to tell us QE was going to lead to hyperinflation are looking rather silly. Of course most of them are now claiming they never said that.

Real inflation (exclude plasma TVs, ipods) was at least 5% per year since 2008 - so that's around 30% using rough compound interest. Add to this increased taxes which in effect reduced real amount of money people have and you are not far from 50% mark - we'll get there in a few years.

I call such level of inflation in a 1st world country as hyperinflation. It would have been ok in Zimbabwe.

QE specifically is responsible for two things -
1) drop in interest rates paid to savers to increase banks profit margins and give Govt cheap debt
2) maintain consumer real estate bubble which is now getting inflated again

Might have to buy a house soon and then watch if I change my views
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MarillionFan replied

3 January 2014, 21:03
Absolute bollocks as far as I'm concerned
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d000hg replied

3 January 2014, 20:36
Originally posted by AtW View Post

The value of money dropped by around 50%.

HTH

Except it didn't. And all those people running to tell us QE was going to lead to hyperinflation are looking rather silly. Of course most of them are now claiming they never said that.
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AtW replied

3 January 2014, 20:13
Originally posted by BigTime View Post

They were meant to have dropped 50% by now. What happened?

The value of money dropped by around 50%.

HTH
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BigTime replied

3 January 2014, 19:44
They were meant to have dropped 50% by now. What happened?
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Zero Liability replied

3 January 2014, 16:56
Which just goes to show how ridiculously overvalued they were back then.
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Martin@AS Financial started a topic Nationwide House Price Index Dec 2013

3 January 2014, 15:03
Nationwide House Price Index Dec 2013

Happy New Year guys - hope you all had a good one.

Key Points from The Nationwide HPI 2013 are:

House prices continued to gain momentum as 2013 drew to a close

UK house prices increased by 1.4% in December and were 8.4% higher than December 2012

House prices are still around 5% below 2007 peak

http://i.emlfiles1.com/cmpdoc/1/1/2/...531C5M,7IM3E,1
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