Cost of living squeeze in 2022
Discussion
MissChief said:
I really didn't think it would happen to me in my 'normal' car. Its a 428i Gran Coupe. I hit the prepaid card limit. Was just under a quarter of a tank too. Admittedly it was Super Unleaded but it still hurt to see £99. Where are the fuel riots? The refinery blockades? 
This is what we get for 20 years of recklessness. Brace yourself for more.
k all.Deep Thought said:
tighnamara said:
Deep Thought said:
They would have been expecting a greater increase than that so this is clear evidence that house prices are down.
Are you sure, an expected increase not being seen doesn't show house prices are down, only that the increase is not so high. What you mean is that the increase on value declined last month, the value can't be down if it never actually reached that value.
This is clear evidence that house prices are crashing.
Well thats how Throttle Body will spin it anyway.
oyster said:
Welshbeef said:
poo at Paul's said:
Diesel in short supply in Birmingham today, so ended up having to ge tit on the way home on motorway. And no regular diesel only super….2.23 per litre! I put 11 litres in to give me 100 miles home and it was over 25 quid!
That’s the limit I reckon. I’ll just not do the journey once it is over 25 p per mile on diesel.
What diesel have you got? As our S Max diesel last fill £1.969 was roughly 30pence per mile That’s the limit I reckon. I’ll just not do the journey once it is over 25 p per mile on diesel.
Bit pointless having a diesel if that's all you're getting.
Mainly lugging 5-7 people / lots of luggage all the time.
Short trips and then more long with weekends. (Loads of kids clubs etc that are back to back/not possible to walk to given the timescale between ).
Also so much more prefer the grunt of the 2ltr bi turbo over the petrol turbo (which is even worse on fuel and rarer).
Deep Thought said:
No, no, no.
This is clear evidence that house prices are crashing.
Well thats how Throttle Body will spin it anyway.
Given there are some very chunky rises still going through in some parts, it's fair to say that this number means prices must indeed be falling in some parts of the UK - law of averages, innit This is clear evidence that house prices are crashing.
Well thats how Throttle Body will spin it anyway.
Recessions / slumps usually happen as a ripple effect through markets, so it doesn't take a big leap to suggest this data may be showing us the start of a period of price regression.
Why do you think Johnson is offering to let housing benefit be used towards mortgages, to provide a right to buy housing association properties, and so on?
What I find interesting about the UK is that it's more like two countries than one when it comes to house prices or house price to income. The North and Wales are relatively affordable whereas the South East of England is extremely unaffordable. This issue with house prices might partially be resolved by decentralisation of government and business activity from London. Obviously getting government to do that is very easy but with businesses it might take some carrot and stick.
skwdenyer said:
Deep Thought said:
No, no, no.
This is clear evidence that house prices are crashing.
Well thats how Throttle Body will spin it anyway.
Given there are some very chunky rises still going through in some parts, it's fair to say that this number means prices must indeed be falling in some parts of the UK - law of averages, innit This is clear evidence that house prices are crashing.
Well thats how Throttle Body will spin it anyway.
Recessions / slumps usually happen as a ripple effect through markets, so it doesn't take a big leap to suggest this data may be showing us the start of a period of price regression.
Why do you think Johnson is offering to let housing benefit be used towards mortgages, to provide a right to buy housing association properties, and so on?
Frankly we don’t know what’s going on in terms of offers accepted today…and we won’t know until at least November.
speedy_thrills said:
What I find interesting about the UK is that it's more like two countries than one when it comes to house prices or house price to income. The North and Wales are relatively affordable whereas the South East of England is extremely unaffordable. This issue with house prices might partially be resolved by decentralisation of government and business activity from London. Obviously getting government to do that is very easy but with businesses it might take some carrot and stick.
Look at the new census data the house prices will be in line with population growth big increases south east not so much in Wales and the north. House prices will fall when the demand does it's almost all down to immigration.
Not what Throttlebody or Tannhauser were hoping for as a headline.
https://www.theguardian.com/money/2022/jun/30/brit...
https://www.theguardian.com/money/2022/jun/30/brit...
kiethton said:
Throttlebody said:
Biggy Stardust said:
Throttlebody said:
The cost can ‘fall’ relatively though, ie from period to period. Brings down the average. Also well worth understanding.
Please stop.Nationwide Jun data is out soon. Should be interesting.
"Monthly, house prices are still growing, with a seasonally adjusted 0.3% uptick from May to June"
Significant point is, the decline, fall or whatever convenient word you would like to employ highlights the market is heading south. You all know it, but just like to hang in there in some form of false hope.
Throttlebody said:
Nationwide must have worked their nuts off to squeeze out a 0.3% rise. I'll round that down to zero, so everybody's a winner.
Significant point is, the decline, fall or whatever convenient word you would like to employ highlights the market is heading south. You all know it, but just like to hang in there in some form of false hope.
0.3% growth in a month happy days. Significant point is, the decline, fall or whatever convenient word you would like to employ highlights the market is heading south. You all know it, but just like to hang in there in some form of false hope.
Annualised it’s 4%. Healthy.
Deep Thought said:
tighnamara said:
Deep Thought said:
They would have been expecting a greater increase than that so this is clear evidence that house prices are down.
Are you sure, an expected increase not being seen doesn't show house prices are down, only that the increase is not so high. What you mean is that the increase on value declined last month, the value can't be down if it never actually reached that value.
This is clear evidence that house prices are crashing.
Well thats how Throttle Body will spin it anyway.
I'll spin it as the housing market is now on a downward trajectory.
Throttlebody said:
kiethton said:
Throttlebody said:
Biggy Stardust said:
Throttlebody said:
The cost can ‘fall’ relatively though, ie from period to period. Brings down the average. Also well worth understanding.
Please stop.Nationwide Jun data is out soon. Should be interesting.
"Monthly, house prices are still growing, with a seasonally adjusted 0.3% uptick from May to June"
Significant point is, the decline, fall or whatever convenient word you would like to employ highlights the market is heading south. You all know it, but just like to hang in there in some form of false hope.
Welshbeef said:
Throttlebody said:
Nationwide must have worked their nuts off to squeeze out a 0.3% rise. I'll round that down to zero, so everybody's a winner.
Significant point is, the decline, fall or whatever convenient word you would like to employ highlights the market is heading south. You all know it, but just like to hang in there in some form of false hope.
0.3% growth in a month happy days. Significant point is, the decline, fall or whatever convenient word you would like to employ highlights the market is heading south. You all know it, but just like to hang in there in some form of false hope.
Annualised it’s 4%. Healthy.
Throttlebody said:
Welshbeef said:
Throttlebody said:
Nationwide must have worked their nuts off to squeeze out a 0.3% rise. I'll round that down to zero, so everybody's a winner.
Significant point is, the decline, fall or whatever convenient word you would like to employ highlights the market is heading south. You all know it, but just like to hang in there in some form of false hope.
0.3% growth in a month happy days. Significant point is, the decline, fall or whatever convenient word you would like to employ highlights the market is heading south. You all know it, but just like to hang in there in some form of false hope.
Annualised it’s 4%. Healthy.
Throttlebody said:
Nationwide must have worked their nuts off to squeeze out a 0.3% rise. I'll round that down to zero, so everybody's a winner.
Significant point is, the decline, fall or whatever convenient word you would like to employ highlights the market is heading south. You all know it, but just like to hang in there in some form of false hope.
Don't think anyone has used the words "decline" or "fall" to describe the current market other than you.Significant point is, the decline, fall or whatever convenient word you would like to employ highlights the market is heading south. You all know it, but just like to hang in there in some form of false hope.
You said on this thread earlier; lets wait for the latest Nationwide data.
It's out and is showing a small mom rise of 0.3%.
Less of a mom rise when compared to the last 12-18 months, but still a rise.
How you spin this as a fall astonishes me, you are either trolling or genuinely clueless.
OzzyR1 said:
Don't think anyone has used the words "decline" or "fall" to describe the current market other than you.
You said on this thread earlier; lets wait for the latest Nationwide data.
It's out and is showing a small mom rise of 0.3%.
Less of a mom rise when compared to the last 12-18 months, but still a rise.
How you spin this as a fall astonishes me, you are either trolling or genuinely clueless.
Exactly. You said on this thread earlier; lets wait for the latest Nationwide data.
It's out and is showing a small mom rise of 0.3%.
Less of a mom rise when compared to the last 12-18 months, but still a rise.
How you spin this as a fall astonishes me, you are either trolling or genuinely clueless.
Price growth has eased - but given the rate of growth 12% YOY you couldn’t expect it to continue at that level.
I wonder how many are flipping and cashing in on this upside.
Imagine a buy to letter selling previously vs now. It’s at least £36k more which will go some way to pay the CGT.
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