New Home Owners And Snagging Forum
Home Owners => Mortgages and Insurance => Topic started by: The Prophet on August 29, 2011, 10:24:15 am
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In the 1970's inflation soared and anyone buying a house found that rising wages soon made paying the mortgage easier and house prices doubled or trippled in ten years.
This time, inflation may be going up but house prices remain stagnant at best, so owning a home is not making you money and real wages are not going up either.
Disposable income is being eaten away by rising prices for food and fuel making mortgage payments harder to find.
Real wages have not risen for the last ten years and as long as this remains the case, inflation will be of no benefit to borrowers.