Prices rising much faster than inflation!

**Mich the Tester** · 13 August 2013, 10:13

Umm, seeing as house prices are a part of the cost of living, shouldn't they be included in inflation?

Just asking, like.

**DimPrawn** · 13 August 2013, 10:16

Perhaps I can release all that lovely free money and afford my train fare next year?

Rail fares to rise by up to 9.1 per cent - Telegraph

**DimPrawn** · 13 August 2013, 10:17

Originally posted by Mich the Tester View Post

Umm, seeing as house prices are a part of the cost of living, shouldn't they be included in inflation?

Just asking, like.

No, they only include Beta Max videos, Nintendo Gameboy and black and white TV's in the inflation basket.

**sasguru** · 13 August 2013, 10:18

What are you moaning about? Buy some properties. Oh wait, I forgot you're just a fantasist.

PS You'll be keen to know I p/xed the Honda for a one-year old BMW estate for family car/missus - only a 3-series 2L diesel one but good enough.

**DimPrawn** · 13 August 2013, 10:23

Originally posted by sasguru View Post

What are you moaning about? Buy some properties. Oh wait, I forgot you're just a fantasist.

PS You'll be keen to know I p/xed the Honda for a one-year old BMW estate for family car/missus - only a 3-series 2L diesel one but good enough.

Fantastic news!

I own my own home, so already have exposure to this asset class.

**DimPrawn** · 13 August 2013, 10:25

Anyway this is great news for the govt (bigger take in stamp duty), banks (more money on mortgages), estate agents, lawyers, Tory donating property developers.

So let's all rejoice.

Shame fuel, utilities, transport, food are going up even more.

**RedSauce** · 13 August 2013, 10:26

What is causing the current rise though?

I suspect it is investors preempting a rise in Jan/Feb next year when the homebuy extension starts. But if house prices and sales continue to rise, why is homebuy needed?

**DimPrawn** · 13 August 2013, 10:27

Originally posted by RedSauce View Post

What is causing the current rise though?

I suspect it is investors preempting a rise in Jan/Feb next year when the homebuy extension starts. But if house prices and sales continue to rise, why is homebuy needed?

To secure the Tory vote.

"Oh, I was going to vote UKIP, but I'm scared now about my BTL portfolio falling in value"

**sasguru** · 13 August 2013, 10:35

Originally posted by DimPrawn View Post

Fantastic news!

I own my own home, so already have exposure to this asset class.

A £250K home in Swindon is not in the right "asset class".
HTH.

Prices rising much faster than inflation!