Fancypants Posted December 15, 2006 Share Posted December 15, 2006 no longer is this an abstract discussion about purely notional matters - the growing threat of inflation will soon be felt directly by me! Yes, that's right, for the first time in "over three years", my work canteen is raising its prices. Reason? " this has been brought about by the rising cost of raw ingredients and delivery charges" oh well, at least this will be offset by my commensurate wage rise and rising standard of living as my rent costs keep declining in hedonically-adjusted real terms. Quote Link to comment Share on other sites More sharing options...
BrickingIt Posted December 15, 2006 Share Posted December 15, 2006 no longer is this an abstract discussion about purely notional matters - the growing threat of inflation will soon be felt directly by me! Yes, that's right, for the first time in "over three years", my work canteen is raising its prices. Reason? " this has been brought about by the rising cost of raw ingredients and delivery charges" oh well, at least this will be offset by my commensurate wage rise and rising standard of living as my rent costs keep declining in hedonically-adjusted real terms. Bet your rent costs increase before my fixed (for life) non interest mortgage repayments. Interest may hit me in the short term but they will also be fixed for life in the medium term in some respects. Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted December 15, 2006 Share Posted December 15, 2006 Bet your rent costs increase before my fixed (for life) non interest mortgage repayments. Interest may hit me in the short term but they will also be fixed for life in the medium term in some respects. Has to go down as one of the funniest posts yet on this site. Suppose the "value" of your house is fixed for life too. Quote Link to comment Share on other sites More sharing options...
BrickingIt Posted December 15, 2006 Share Posted December 15, 2006 (edited) Has to go down as one of the funniest posts yet on this site. Suppose the "value" of your house is fixed for life too. Look at the graph on the front. It goes from bottom left to top right. You just dont understand it. You've probably got a maths degree but your still struggling to understand it. Edited December 15, 2006 by BrickingIt Quote Link to comment Share on other sites More sharing options...
Impartial Posted December 15, 2006 Share Posted December 15, 2006 Bet your rent costs increase before my fixed (for life) non interest mortgage repayments. Interest may hit me in the short term but they will also be fixed for life in the medium term in some respects. Hmm I also suppose that you will also be living in the same house for the rest of your life too. If the value does decrease at a time you would like to move you are fooked. Hope you enjoy your lifetime fixed house price and also attach your lifetime fixed stagnant standard of living to that as well. Quote Link to comment Share on other sites More sharing options...
Bemused Posted December 15, 2006 Share Posted December 15, 2006 (edited) Bet your rent costs increase before my fixed (for life) non interest mortgage repayments. Interest may hit me in the short term but they will also be fixed for life in the medium term in some respects. I would also suggest you check your "fixed" rate because you will find it is not as "fixed" as you may think. Hint check the small print and the APR Edited December 15, 2006 by Bemused Quote Link to comment Share on other sites More sharing options...
BrickingIt Posted December 15, 2006 Share Posted December 15, 2006 (edited) Hmm I also suppose that you will also be living in the same house for the rest of your life too. If the value does decrease at a time you would like to move you are fooked. Hope you enjoy your lifetime fixed house price and also attach your lifetime fixed stagnant standard of living to that as well. If prices go down the house i'm buying when move goes down?. It makes no difference. Bottom left to top right, gettit. Too busy talking velocity of circulation of money. I would also suggest your "fixed" rate because you will find it is not as "fixed" as you may think. As capital is repaid it will reduce. If rates go up a bit ill just have one chinese takeaway a week and lose the sky sports package. Edited December 15, 2006 by BrickingIt Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted December 15, 2006 Share Posted December 15, 2006 Look at the graph on the front. It goes from bottom left to top right. You just dont understand it. You've probably got a maths degree but your still struggling to understand it. Don't need a maths degree to say that making comparisons by ignoring interest payments on mortgages as one of the funniest and most stupid things I've seen posted on here. As for falls not mattering becuase you can trade up cheaper well that is complete tripe as well - ask the Dotcommers - exactly the same situation they could buy much cheaper at the lows by selling their other stock at the lows, were the happy about it, deliriously, not! Quote Link to comment Share on other sites More sharing options...
BrickingIt Posted December 15, 2006 Share Posted December 15, 2006 Don't need a maths degree to say that making comparisons by ignoring interest payments on mortgages as one of the funniest and most stupid things I've seen posted on here. As for falls not mattering becuase you can trade up cheaper well that is complete tripe as well - ask the Dotcommers - exactly the same situation they could buy much cheaper at the lows by selling their other stock at the lows, were the happy about it, deliriously, not! 30 years of empirical evidence - It stares you in the face - Interest is just rent but with buying, interest in the medium/long term is fixed and then decreasing plus capital gains at say 10% leverage. Your fighting 30 years of empirical evidence and basic common sense with tosh comparisons. Quote Link to comment Share on other sites More sharing options...
Fancypants Posted December 15, 2006 Author Share Posted December 15, 2006 30 years of empirical evidence - It stares you in the face - Interest is just rent but with buying, interest in the medium/long term is fixed and then decreasing plus capital gains at say 10% leverage. Your fighting 30 years of empirical evidence and basic common sense with tosh comparisons. 30 years - sounds impressive, doesn't it? but most mortgage commitments are nearly that long. So we are using a sample size roughly equivalent to the period we are committing for. Equivalent to saying "Orient will win their next game, as they won their last one" (as opposed to saying "because they won their last 10"). Not really a terribly reliable guide. Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted December 15, 2006 Share Posted December 15, 2006 30 years of empirical evidence - It stares you in the face - Interest is just rent but with buying, interest in the medium/long term is fixed and then decreasing plus capital gains at say 10% leverage. Your fighting 30 years of empirical evidence and basic common sense with tosh comparisons. Didn't refer to the statement I made but never mind. 30 years of boomer led inflation, 30 years of growth, 30 years of not pushing up against finite resourses during 30 years of increased demand from an increasing world population, 30 years of incresaing liquidity, risk and debt and gearing in the whole of the financial system, 30 years of increasing wealth, employment benefits and job prospects. It's a nice 30-year snapshot, but that is all it is. A nice period, for those in a position to gain from it, even with a few bumps on the way. Anybody extending a 30 year period of Japan's trend pre 1990 at that time into the future would have been polaxed by their invesment decisions, 17 years and counting, may well be 30 years by the time the effects are fully flushed out of their decision. Have you got 30 years to wait? Quote Link to comment Share on other sites More sharing options...
Broken Fan Posted December 15, 2006 Share Posted December 15, 2006 If prices go down the house i'm buying when move goes down?. It makes no difference. Bottom left to top right, gettit. Too busy talking velocity of circulation of money. I think hes right. The graph shows house prices rising continuously. And I must say I dont know anyone one who has lost money in property in the last thirty years. By the way I work in a chinese takeaway. If you cut down on the takeouts I'm going to struggle to pay my mortgage and will have to sell up. Quote Link to comment Share on other sites More sharing options...
BrickingIt Posted December 15, 2006 Share Posted December 15, 2006 (edited) I think hes right. The graph shows house prices rising continuously. And I must say I dont know anyone one who has lost money in property in the last thirty years. By the way I work in a chinese takeaway. If you cut down on the takeouts I'm going to struggle to pay my mortgage and will have to sell up. No fear I'll reduce the £250 max i'm ISAering first. It'll take 10% int before the Sky and chinese goes. Kinda dents the everyones maxed on the Credit cards theory dont it. Edited December 15, 2006 by BrickingIt Quote Link to comment Share on other sites More sharing options...
Levy process Posted December 15, 2006 Share Posted December 15, 2006 I would also suggest you check your "fixed" rate because you will find it is not as "fixed" as you may think. Hint check the small print and the APR I think the poster is artificially separating out the capital portion of the mortgage, and reminding us all that that piece is "fixed". The strangest way I've seen yet of thinking of a huge loan on which interest is owed as a positive matter. Quote Link to comment Share on other sites More sharing options...
Fancypants Posted December 15, 2006 Author Share Posted December 15, 2006 No fear I'll reduce the £250 max i'm ISAering first. It'll take 10% int before the Sky and chinese goes. Kinda dents the everyones maxed on the Credit cards theory dont it. one troll with dubious motives amongst millions of real people? Hardly good science. Quote Link to comment Share on other sites More sharing options...
THE BALD MAN Posted December 15, 2006 Share Posted December 15, 2006 I think hes right. The graph shows house prices rising continuously. And I must say I dont know anyone one who has lost money in property in the last thirty years. By the way I work in a chinese takeaway. If you cut down on the takeouts I'm going to struggle to pay my mortgage and will have to sell up. Lots of people have lost money by buying at the wrong time, Quote Link to comment Share on other sites More sharing options...
mikefluk Posted December 15, 2006 Share Posted December 15, 2006 Look at the graph on the front. It goes from bottom left to top right. You just dont understand it. You've probably got a maths degree but your still struggling to understand it. Wrong.. It goes from bottom left to top right...to flat to bottom right. Check out all of the various directions of the graph; it doesn't always go in one direction. Where do you think its heading next ? Quote Link to comment Share on other sites More sharing options...
Fancypants Posted December 15, 2006 Author Share Posted December 15, 2006 back on topic more insidious inflation Quote Link to comment Share on other sites More sharing options...
the end is a bit nigher Posted December 15, 2006 Share Posted December 15, 2006 Look at the graph on the front. It goes from bottom left to top right. You just dont understand it. You've probably got a maths degree but your still struggling to understand it. and things that go to top right always head down again or are you too stupid to understand that? try Japan and fyi rentals are falling at present Quote Link to comment Share on other sites More sharing options...
Turnbull2000 Posted December 15, 2006 Share Posted December 15, 2006 http://icbirmingham.icnetwork.co.uk Anger over plans to raise bus fares BUS passengers across the Midlands will be hit with inflation-busting rises of up to 25 per cent on ticket prices in the New Year. Travel West Midlands, which makes millions of pounds on a near-monopoly share of bus travel across Birmingham, the Black Country, Solihull, Warwick-shire and Staffordshire, is putting up charges from January 2, 2007. Quote Link to comment Share on other sites More sharing options...
domo Posted December 15, 2006 Share Posted December 15, 2006 Look at the graph on the front. It goes from bottom left to top right. You just dont understand it. You've probably got a maths degree but your still struggling to understand it. the nasdaq did that for a while too you know Quote Link to comment Share on other sites More sharing options...
Johnny Cash Posted December 15, 2006 Share Posted December 15, 2006 More inflation. Just renewed a travel insurance policy that cost £40 in 2005. Now the premium is £55. 2.7% my ar$e. Quote Link to comment Share on other sites More sharing options...
dpg50000 Posted December 16, 2006 Share Posted December 16, 2006 More inflation. Just renewed a travel insurance policy that cost £40 in 2005. Now the premium is £55. 2.7% my ar$e. Got married a few months ago. Booked the photographer middle of 2005 - £925 (and the pictures were amazing). Just seen their latest price list on the web - same package now £1400..... Quote Link to comment Share on other sites More sharing options...
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