- Joined
- 21 Jun 2006
- Posts
- 38,372
Looking at that chart my interpretation is.
Target / average is 3-5% overall.
During a recession it's normally 2%.
During the 70's and 80's there was a crazy boom where it went up to crazy levels averaging 15% with it going between 10-20%.
Since 2008 it's went crazy the other way where we are into unknown and unprecedented territory staying below 1% for the first time ever and for over a decade.
Realistically speaking it should only be able to go up but we are still far off the opposite swing the other way of the 70's and 80's.
If I was a bookies I would say it's 3-1 that they will go negative. Evens that they go up and 1-2 that they hover around the 0% mark.
It's impossible to say and the above saying go for a tracker. If they do swing upwards to curb inflation you would be crying.
The way I see it is they can't go much cheaper. So no real benefit to a tracker. They have a great chance of staying put and a small chance of going up.
I'm looking to fix long, take all the extra cash I would normally overpay and invest it in stocks and shares and commodities. I'm in the lowest band and plenty of equity I'll probably take £50k out when I remortgage and still be in the lowest band.
Last edited: