Cost of living squeeze in 2022
Discussion
Throttlebody said:
A head so full of exaggerated interpretations.
Indeed you have.Throttlebody said:
Relax DT, the Juke is just a bit of shed action.
Sure. Shed action that means you'd to give up track days too? You've - allegedly - went from a year old 330i, to a 8 year old Fiesta ST that you tracked to a Nissan shed (And not even one you can track like the Micra shed you had), all over the timeframe of the COVID cutbacks and the cost of living crisis.
Thats some downward trend.
Feels like drastic evasive action.
Edited by Deep Thought on Sunday 26th June 10:23
Throttlebody said:
That ratio will slowly improve for renters as property prices fall. A BTL LL will have to face reducing property equity as negative gearing bites and cost of living pressures from tenants forcing down rental yields. The BTL LL will get squeezed.
How long have you been predicting that for?When's it going to happen?
How far are they going to fall?
Obviously property prices will fall at some point. At which point you'll be right and the rest of the world will be wrong.
monthou said:
How long have you been predicting that for?
When's it going to happen?
How far are they going to fall?
Obviously property prices will fall at some point. At which point you'll be right and the rest of the world will be wrong.
Indeed. Even a stopped clock is right twice a day.When's it going to happen?
How far are they going to fall?
Obviously property prices will fall at some point. At which point you'll be right and the rest of the world will be wrong.
monthou said:
Throttlebody said:
That ratio will slowly improve for renters as property prices fall. A BTL LL will have to face reducing property equity as negative gearing bites and cost of living pressures from tenants forcing down rental yields. The BTL LL will get squeezed.
How long have you been predicting that for?When's it going to happen?
How far are they going to fall?
Obviously property prices will fall at some point. At which point you'll be right and the rest of the world will be wrong.
Throttlebody said:
monthou said:
Throttlebody said:
That ratio will slowly improve for renters as property prices fall. A BTL LL will have to face reducing property equity as negative gearing bites and cost of living pressures from tenants forcing down rental yields. The BTL LL will get squeezed.
How long have you been predicting that for?When's it going to happen?
How far are they going to fall?
Obviously property prices will fall at some point. At which point you'll be right and the rest of the world will be wrong.
How far have they fallen so far?
How far do you think they're going to fall?
What's the VI?
Edited by monthou on Sunday 26th June 10:37
Throttlebody said:
Deep Thought said:
PRTVR said:
Throttlebody said:
Dog Star said:
djc206 said:
It’s really nowhere near as bad as the media are making out. I’ve flown quite a bit this year without any problems.
Me too - but if I’d not been hand luggage only the last two would have been awful. to say it wasn’t very popular would be an understatement.
20KG hold luggage each, 10KG overhead case each, small bag each. Happy to wait for the luggage.
Edited by Deep Thought on Saturday 25th June 18:46
Deep Thought said:
Sure. Shed action that means you'd to give up track days too?
You've - allegedly - went from a year old 330i, to a 8 year old Fiesta ST that you tracked to a Nissan shed (And not even one you can track like the Micra shed you had), all over the timeframe of the COVID cutbacks and the cost of living crisis.
Thats some downward trend.
Feels like drastic evasive action.
So many assumptions You've - allegedly - went from a year old 330i, to a 8 year old Fiesta ST that you tracked to a Nissan shed (And not even one you can track like the Micra shed you had), all over the timeframe of the COVID cutbacks and the cost of living crisis.
Thats some downward trend.
Feels like drastic evasive action.
Edited by Deep Thought on Sunday 26th June 10:23
You can track a Juke, no problem. Be quicker than the Micra.
Deep Thought said:
monthou said:
How long have you been predicting that for?
When's it going to happen?
How far are they going to fall?
Obviously property prices will fall at some point. At which point you'll be right and the rest of the world will be wrong.
Indeed. Even a stopped clock is right twice a day.When's it going to happen?
How far are they going to fall?
Obviously property prices will fall at some point. At which point you'll be right and the rest of the world will be wrong.
Throttlebody said:
Deep Thought said:
Sure. Shed action that means you'd to give up track days too?
You've - allegedly - went from a year old 330i, to a 8 year old Fiesta ST that you tracked to a Nissan shed (And not even one you can track like the Micra shed you had), all over the timeframe of the COVID cutbacks and the cost of living crisis.
Thats some downward trend.
Feels like drastic evasive action.
So many assumptions You've - allegedly - went from a year old 330i, to a 8 year old Fiesta ST that you tracked to a Nissan shed (And not even one you can track like the Micra shed you had), all over the timeframe of the COVID cutbacks and the cost of living crisis.
Thats some downward trend.
Feels like drastic evasive action.
You can track a Juke, no problem. Be quicker than the Micra.
You'd - allegedly - a year old 330i.
You'd a Fiesta ST
You've now a shed Nissan Juke.
That all happened across the timeframe of COVID lockdowns and the cost of living crisis.
That is a downward trend in terms of value, and a significant loss in terms of tracking capability.
Yes i'm sure you could track it, but i doubt anyone would bother.
roger.mellie said:
Deep Thought said:
monthou said:
How long have you been predicting that for?
When's it going to happen?
How far are they going to fall?
Obviously property prices will fall at some point. At which point you'll be right and the rest of the world will be wrong.
Indeed. Even a stopped clock is right twice a day.When's it going to happen?
How far are they going to fall?
Obviously property prices will fall at some point. At which point you'll be right and the rest of the world will be wrong.
roger.mellie said:
If (and only if) interest rates keep rising it’s not unlikely that some prices will fall. Many prices are based on affordability lending criteria. So it’s easy enough for the banks to get the same monthly for a lower price if interest rates go up. That doesn’t imply a crash though.
Absolutely.If they drop by 20% that puts prices back to 2020 levels.
A pound to a penny says Throttlebody was predicting doom, gloom and property crashes in 2020. If not here, somewhere else.
roger.mellie said:
Deep Thought said:
monthou said:
How long have you been predicting that for?
When's it going to happen?
How far are they going to fall?
Obviously property prices will fall at some point. At which point you'll be right and the rest of the world will be wrong.
Indeed. Even a stopped clock is right twice a day.When's it going to happen?
How far are they going to fall?
Obviously property prices will fall at some point. At which point you'll be right and the rest of the world will be wrong.
Throttlebody said:
Interest rates will continue to rise. Virtually guaranteed. There’s more inflationary pressures feeding into the economy. Inflation at ~11% forecast.
They will but not indefinitely. We'll likely see 2.5% in 2023 but thats certainly not enough to create a property market crash.Inflation issues are because of supply not demand.
Edited by Deep Thought on Sunday 26th June 10:53
Deep Thought said:
I dont see any assumptions.
You'd - allegedly - a year old 330i.
You'd a Fiesta ST
You've now a shed Nissan Juke.
That all happened across the timeframe of COVID lockdowns and the cost of living crisis.
That is a downward trend in terms of value, and a significant loss in terms of tracking capability.
Yes i'm sure you could track it, but i doubt anyone would bother.
So what is your overall conclusion then?You'd - allegedly - a year old 330i.
You'd a Fiesta ST
You've now a shed Nissan Juke.
That all happened across the timeframe of COVID lockdowns and the cost of living crisis.
That is a downward trend in terms of value, and a significant loss in terms of tracking capability.
Yes i'm sure you could track it, but i doubt anyone would bother.
Deep Thought said:
Throttlebody said:
Interest rates will continue to rise. Virtually guaranteed. There’s more inflationary pressures feeding into the economy. Inflation at ~11% forecast.
They will but not indefinitely. We'll likely see 2.5% in 2023 but thats certainly not enough to create a property market crash.Inflation issues are because of supply not demand.
Edited by Deep Thought on Sunday 26th June 10:53
A steady 20-30% correction is my call.
roger.mellie said:
Deep Thought said:
monthou said:
How long have you been predicting that for?
When's it going to happen?
How far are they going to fall?
Obviously property prices will fall at some point. At which point you'll be right and the rest of the world will be wrong.
Indeed. Even a stopped clock is right twice a day.When's it going to happen?
How far are they going to fall?
Obviously property prices will fall at some point. At which point you'll be right and the rest of the world will be wrong.
Property prices that won't fall (or will fall far less than the average):
'Starter homes' - all the talk of challenges for landlords only looks at the type that own a couple of BT stop supplement income/provide pension assets. All that's happening is that this section is being squeezed and 'institutional' landlords are making hay. In a market where FTBs are even less likely to attract lending irrespective of LTV, they'll be hoovering up in cash.
Suburban/semi rural family homes - they'll either not move, suppressing supply, or be subject to upward pressures due to the increased demand from people now WFH a significant part of the week and trading so some commuting time for improved familial lifestyle.
In my village, two properties I'd be interested in came onto the market. One is a close facsimile of mine in the same small Close, the other the sort of thing I'd like to move to.
Both under offer within three days. The facsimile of mine had an asking of over 30% more than I paid in 2019 thanks to the WFH effect. Huge demand for anything that has home office capability - and buyers won't be fussed about their much smaller, much more urban current family home dropping ten percent as they'll still be quids in after moving.
hotchy said:
I'm hoping higher interest rates, will in turn make cars on pcp more expensive to demand will drop and in turn hopefully the prices then come down to help with the payments etc. At that point the cash buyers can finally get some value for money.
I can keep dreaming...
Value for money for cash buyers was when manufacturers were chasing volume sales and offering massive discounts and finance incentives. Cash buyers could then avail of the finance incentives too and clear the finance. A win win.I can keep dreaming...
The problem is when less cars can be sold, manufacturers look to increase margin - like we're seeing now.
Also they pump money in to finance offerings not drop the prices of their cars to find the balance, so again, simply avail of the finance offering and clear the finance.
roger.mellie said:
If (and only if) interest rates keep rising it’s not unlikely that some prices will fall. Many prices are based on affordability lending criteria. So it’s easy enough for the banks to get the same monthly for a lower price if interest rates go up. That doesn’t imply a crash though.
BoE wants to scrap affordability checks. MIRAS could make a comeback. Govt policy is to preserve housing “wealth” at all costs.Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff