Topic: | Re:Re:Re:Re:Re:Re:Warning from the Bank of England | |
Posted by: | T P Howell | |
Date/Time: | 22/07/15 16:13:00 |
Sam, I agree with your view that house price inflation is more important than RPI or CPI if and when you come to sell and realise the "profit" (assuming you don't need to reinvest in somewhere else to live). But if you want to keep your house, and pay off the mortgage capital out of income, then it is ordinary inflation - or more importantly wage inflation - that matters. I.e. if wage inflation exceeds interest rates, then in real terms you will repay your mortgage capital at a discount. |