ellenmyfanwy

In January last year there were multiple warnings about the danger of increases in oil and gas prices. Cost push inflation is slow to show and lingers long. These warnings were on top of the fears of inflation caused by increases in money supply. The time lag for interest rate changes affecting inflation is 12-18 months. If the MPC are raising rates now, perhaps they know something about next January's inflation expectations. This rise and the next will do little to affect current inflation rates. It's grin and bear it time for the MPC.

i'll take that bet 'cos i've blocked 'em... wouldn't take your money tho.. ellen

if you keep p*ssing on bonfires you are going to burn your w*llie...didn't your mummy tell you to keep it to yourself? ellen

link to RIP

i agree..i am never going to use what ever it is they are attempting to advertise, so they are pointless and annoying. ellen

well chosen...can you not move to a 2 bed place?..it's fun to move and you will have space for the adoring grandparents to stay...have a look at the renting section..i bet you can bag a bargain for the next 12 months ellen

i don't know which month will show an increase in interest rates. i do know that the new labour style economists are losing more and more credence with the financial community. it is only a matter of time...chill..enjoy your summer.. spend a tenner on some good steaks..buy a lovely bottle of wine. you are saving a fortune compared to those who have bought housing recently. ellen

wait for one more year. your baby will not know any different. children are astonishingly resilient. your partner should rejoice in your worry that now may not be the time to buy. i could buy now and every nesting instinct in me tells me to. every member of my extended family laughs at my husband's and my decision not to get back into the housing market.... i remember my neighbours in 1999 trying to sell a two bedroom house because they had another baby and were in deep debt. their despair still haunts me. in my very humble opinion, try to get a 12 month tenancy, enjoy the lack of council tax and boiler repair bills, chill.. enjoy your baby.. go on holiday... god bless ellen

Ttrtr...merv is showing amazing independence and balance: "one risk is that during the fastest three year period of world economic growth for a generation, monetary policy aound the world may simply have been too accommodative" Merv continues: " The realisation such levels of asset prices were likely to be unsustainable, coupled with a tightening of monetary policy in many countries has injected uncertainty into financial markets"... and again; " In these circrumstances the Monetary Policy Committee must examine carefully all information, learn, and if necessary, revise it's judgements, and question all recieved wisdom...In other words it must be enlightened". and finally: " Inflation and independence of The Bank Of England will be crucial to sucessful monetary policy in the future" honour and balance will out in the end ... " hope that helps" ellen

unfortunately for gordon et al, there may be such a thing as "honour" among economists and bankers . david smith appears to be abandoning the Nickell theories but merv has never given approval to them... cynics may say that the economists are just turning with the tide, i prefer to believe that they were willing to give Nickell's new models a chance until they were profoundly disproved. which they have been. "The net acquisition of financial liabilities, which simply refers to the the accumulation of household debt, increased gradually during the mid 1990's but more than doubled from 1998 to 2003. Interestingly enough, the rate at which households accumulated financial assets increased rapidly from exactly the same date, also more than doubling from 1998 to 2003. In a mechanical sense, this is why consumption has not risen as a share of household post-tax income over this period." nickell goes on to say that: "we know most of the new debt is secured on houses so a good part of it will be associated with the accumulation of housing assets by individual households":one of nickell's speeches 2005. to spell it out.. our esteemed govt. believed that household debt was balanced by household aquisition of assets. but, crucially, to paraphrase merv " debt is real, but house prices are a matter of opinion" imo we should all chill..enjoy the summer... and watch the nu lab faithful desert their new economic ship.. ellen

gosh...that is so kind of you to point out the low interest rates. perhaps we will all go out now and buy a house because we can afford the interest repayments. on the other hand, some of us might just wait and see what happens if interest rates rise. ellen

is land registry a public service? could "they" control input to the register? could they cut back staffing levels and shift the offices to different locations so that a backlog of sold prices would hide the true figures? or am i becoming paranoid? ellen

right... you are obviously not a serious poster. bite that bullet + endure losing £120K.. or wait and see..DUH!

hi sam....i assume you are getting a discounted price because of the tenants. why is the landlord selling the house if it still tenanted? has your solicitor looked at the tenancy agreement yet? most are now short term 6 month contracts... remember there will be early redemption clauses if your son and his fiancee want to swop to an owner occupier mortgage next year. why not wait a year and buy then if you still want to. i know they will be disappointed ...it must seem "like a dream come true" to them but it could turn into a nightmare. wait a year...there will be other houses, and they will probably be cheaper. ellenmyfanwy

well, flipped kind of implies something happening quickly and nothing quick seems to be happening with this one...but it was tarted up last year.