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About LinkBacksfor anyone with more than a passing interest in economics, politics or property - http://www.davidmcwilliams.ie/Articl...&ArticleID=337
for anyone with more than a passing interest in economics, politics or property - http://www.davidmcwilliams.ie/Articl...&ArticleID=337
Not being able to govern events, I govern myself. -Michel de Montaigne, essayist (1533-1592)
Yep. This bugs me big time. I think the government have stripped the inflation index calculations of everything that would tend to push it up. Sometimes when I hear the index, I think im living in anouther country for cryin out loud. I mean whats it based on ? screw in light bulbs and altar wine. Nonsense. Even without house prices, the figures are garbage.
Under Review.
Line 2.
From your link:
Err...that's the way the world is and always has been. And probably always will be.Why does the State preside over the massive transfer of wealth from young renters to old landlords?
While I agree that inflation figures are generally grossly misleading,
...do you think he means increases in house prices, as opposed to just house prices? And how will that be relevant to people who own houses or have paid a few years on their mortgage?One way of rectifying this and clarifying the financial picture would be to include house prices rather than mortgage rates into the inflation figure.
We can't solve problems by using the same kind of thinking we used when creating them
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