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Household Costs 'outstrip Inflation'

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http://money.guardian.co.uk/property/story...1726196,00.html

Household costs 'outstrip inflation'

Hilary Osborne

Wednesday March 8, 2006

The cost of owning a home rose by more than three times the rate of inflation in the 2004/05 financial year, according to research published today by mortgage lender the Halifax.

The combined cost of mortgage payments, council tax and fuel bills was 7% higher than in the previous year, increasing at more than the rate of inflation for the second year running.

So have mortgages gone up more or less than rent?

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http://money.guardian.co.uk/property/story...1726196,00.html

Household costs 'outstrip inflation'

Hilary Osborne

Wednesday March 8, 2006

The cost of owning a home rose by more than three times the rate of inflation in the 2004/05 financial year, according to research published today by mortgage lender the Halifax.

The combined cost of mortgage payments, council tax and fuel bills was 7% higher than in the previous year, increasing at more than the rate of inflation for the second year running.

So have mortgages gone up more or less than rent?

In fairness, Council tax and fuel costs would apply equally to renters as homeowners.

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Pity the journalists don't stop and think for a miniute and run the story under the headline "CPI fails to measure real world inflation". Of course if that sunk in all hell would break loose re wage demands etc.

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So inflation outstrips inflation, why doesn't someone in the media question the yardstick?

The BoE rely on perception, they could fiddle the CPI provided people 'felt' rich by MEW'ing or putting it on the credit card. No wonder the retail sector is now on its ar$e, the essential bills have to be paid and people know their wages haven't kept pace with these rises, so something has to give.

Edited by BuyingBear

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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