leedsproperty

Maybe for a modern 2 bed house in a nice area, but a block that will need millions spending in 40 years? No.

2 bed new build is surely about 40m²?

Its a repo. The tape over the cistern gives it away. £750pcm seems about right.

Prices are still dropping. My guess is that these flats sold for well over £200k originally. Brewery Wharf Another I notice that Morgans have decided to market on rightmove rather than demanding people set an apointment for them do decide what they want to show you......

I appreciate this is a gilts thread but US bonds may be relevant too..

Maybe at the moment. But we've got plenty of time.

Perhaps its now the turn of moderate inflation to do the rest of the work.

Horrible suspicion that it will be positive. But fingers crossed. Either way I aint buying unless they drop another 20% relative to income.

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There seems to be a ceiling price on any rented property. Maybe £1200pcm? At the top of the price range there are some fantastic 'bargains' in comparison to an interest only mortgage. Makes you wonder why govt props up the bottom of the market... Persumably anyone who could afford £1750pcm either wants to buy or would rather spend their hard earned elsewhere? Either way I cant see that flat going any time soon. Why not just get it rented for what the market will pay rather than leave it empty at a dream price?

Hunters - best of a bad bunch Brewery wharf Don't buy, rent. Once the communal areas turn to ratshit then you have slum city. How many millions did they spend refurbishing k2 after only 30 years?

What was I saying about hyperbole..... I agree its already looking unlike any other however.

I shall sir. Thinking out loud then, Perhaps a graph will show over a period of time that mortgage rates generally kept somewhere very close to inflation, perhaps on average above, Perhaps another plot on the same graph will show wages didnt quite keep up, Thus people were generally worse off. There is too much talk and hyperbole about hyperinflation and not enough about what moderate to high inflation will do. Bubb also talked about cost push inflation and demand led (I think.) At the moment it seems most unlikely wages will increase anywhere near in line with inflation.

So where is it?

I look forward to receiving proof that mortgage rates (not base rates) were less than inflation then

An easy mistake to make without running the numbers. Refer to Bubbs recent posts and you'll see why you are wrong. How could rates stay at ten percent when inflation is one hundred percent.....

I'm just trying to figure out the following: Say inflation hits 15%pa for 3 years. Wage inflation more or less keeps up, as does interest rates. Assume then after 3 years that price inflation, wage inflation, and interest rates all drop broadly to 2% After this period the following applies: Savers who lent to the banks have broadly the same in real terms, Borrowers now have much less of their earnings tied up in mortgage payments Who loses? Just the pensioners on fixed annuities? Perhaps its a small price to pay?

Erm, I think the credit for the above goes to CGNAO does it not? Not that I liked the guy, but his distinctive posting style stands out a mile.

So bond prices crash because the yield demanded by buyers goes up? This is because of inflation (fears?) caused by currency changes, printing money, or whatever? So what 10 year yield do you think we will need to see if a huge crash is to begin? I notice UK 10 year gilts hit nearly 4% the other day. Seems a bit high with RPI at 0.9% and Repo rate at 1%?

Yeah drop from peak. 23.5% isnt bad, but I'm sure it still costs a lot more to buy than rent.

Thats what I keep trying to tell myself when I consider the inflation/deflation debate. I guess some people would rather keep its worth against a basket of goods than a house however...

to be fair IKEA prices seem a bit steep at the moment too. i wont be going back there in a hurry...

Any idea what % drop from peak is?

Another idiot I see!