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Started by bossab2 on May 19, 2021 9:16:31 AM
Inflation

Released from Lockdown consumers rush out to buy stuff...

But there's not enough stuff around.

Result: Inflation

https://www.bbc.co.uk/news/business-57165266

The annual UK inflation rate more than doubled in April, as a rise in energy and clothing costs drove prices higher.

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bossab2 - 19 May 2021 09:17:49 (#1 of 84)

And the American economy is doing just the same.

All that helicopter cash looking for somewhere to go...

https://www.theguardian.com/business/2021/may/13/c
oronavirus-pandemic-shortages-chicken-chlorine

FrankieTeardrop - 19 May 2021 11:14:48 (#2 of 84)

Consumers are rushing out to buy energy?

Dayraven - 19 May 2021 11:16:46 (#3 of 84)

I knew I should have brought a battery to carry it home in.

AdonisBlue - 19 May 2021 11:17:54 (#4 of 84)

Could I have made the first fiscally wise decision in my life by fixing my mortgage rates? Nah, that's against the laws of the universe.

FrankieTeardrop - 19 May 2021 11:18:55 (#5 of 84)

And again, alarmist phrasing here - "more than doubled" sounds really scary, but in fact the reality is inflation moved from 0.7% to 1.5%.

ReverendBlueJeans - 19 May 2021 11:35:54 (#6 of 84)

Will banks start paying interest again?

FrankieTeardrop - 19 May 2021 11:36:50 (#7 of 84)

I hope not, that would only result in another dreary thread from the threadstarter

ReverendBlueJeans - 19 May 2021 11:38:22 (#8 of 84)

Go Bossab!

bossab2 - 19 May 2021 13:12:58 (#9 of 84)

Petrol at the pump is back in the expensive zone.

kvelertak - 19 May 2021 13:21:22 (#10 of 84)

I'd like interest on my savings, as a renter subsidising mortgage payers is STS.

bossab2 - 19 May 2021 13:34:11 (#11 of 84)

Inflation makes your mortgage vapourise away

RosyLovelady - 19 May 2021 13:54:50 (#12 of 84)

Where else is petrol available (cheaplier) apart from pumps?

FrankieTeardrop - 19 May 2021 13:56:47 (#13 of 84)

Qatar.

FrankieTeardrop - 19 May 2021 13:56:52 (#14 of 84)

Probably

darkhorse - 19 May 2021 14:33:53 (#15 of 84)

Inflation makes your mortgage vapourise away

Wage inflation, indeed would make your mortgage payment minimal.

But instead we have house price inflation, which I suppose means that if you already have a mortgage, it appears minimal to any poor sod hoping to join you on the property ladder, who will pay two, three or four times as much.

FrankieTeardrop - 19 May 2021 15:17:33 (#16 of 84)

It is crazy - last year when I needed to move suddenly, due to escaping from my abusive relationship, I looked at whether renting would be a good option for the short term. No. Renting cost more, a lot more, per month than what a mortgage would cost.

I find it crazy that, if you're rejected for a mortgage due to insufficient monthly income, you then have to go and pay more to rent somewhere.

AdonisBlue - 19 May 2021 15:38:23 (#17 of 84)

Ignore the abusers Bossab and please keep on starting threads.

Ginmonkey - 19 May 2021 15:49:37 (#18 of 84)

#16 but the costs of home ownership are more than just the monthly mortgage.

bossab2 - 19 May 2021 15:52:56 (#19 of 84)

Ignore the abusers Bossab and please keep on starting threads.

I do

darkhorse - 19 May 2021 16:45:47 (#20 of 84)

But you can keep the costs of home ownership down by being massively stingy.

Attempts to ignore bathroom fittings catalogue forced on me by msdarkhorse.

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