naath: (Default)

[personal profile] naath 2022-01-20 02:28 pm (UTC)(link)
nah, it'll be power/fuel first.
danieldwilliam: (Default)

[personal profile] danieldwilliam 2022-01-20 03:11 pm (UTC)(link)
I mean, the largest factor in whether people notice an actual reduction in their standard of living as a result of fuel and power price increases, after payrises, will be their housing situation and how fixed or sticky their housing costs are.

If your housing costs are sticky, particulary if you have low-interest nominal debt, like a mortgage, periods of high inflation are not necessarily bad for you.
naath: (Default)

[personal profile] naath 2022-01-20 08:10 pm (UTC)(link)
my mortgage is fixed (low rate) until I don't expect to have a mortgage, because we are jammy sods. I notionally win y the cap gain on my house BUT I AM USING THE HOUSE so that's not real money; I actually win payrise without a rent increase.