Topic: | Re:Re:Re:Re:Re:Warning from the Bank of England | |
Posted by: | Cllr Sam Hearn | |
Date/Time: | 21/07/15 14:35:00 |
"even with historically low mortgage rates of 2% or 3%, we have “real” interest costs, i.e. interest costs are higher than inflation." Teja - surely it is house price inflation rather than RPI or CPI that is relevant to your argument? ************************* More housing stock - increasing supply: Even working flat out the British house building industry has never delivered more than a 1.5% increase in housing stock in a year. In addition when it was knocking out hundreds of thousands of housing units a year many of them were pretty poor quality and have had to be demolished. |