What has priced itself out of YOUR budget?

[Cycleops]

Henri Bardouin pastis. While it can be bought for €22 in French supermarkets, why is it £30 in the UK? Hmm, I wonder.

Whatever price it is it’s disgusting.

 

[Dave7]

Probably showing my (lack of) age here, but a genuine question nonetheless; when was this?

Back around late 70s I recall it hitting 16.5%......frightening to us as we had recently taken out our 1st mortgage.

 

[Joey Shabadoo]

Probably showing my (lack of) age here, but a genuine question nonetheless; when was this?

Late 80s, early 90s. We bought a flat with mortgage rates at 14.5%.

 

[DCLane]

1992-3 rings a bell. Was it called black Monday ?

Close; Black Wednesday on 16 September 1992: https://www.mortgagestrategy.co.uk/analysis/historical-interest-rates-uk/

We bought our first house from a news-reader on Radio 4. It'd been empty for 3 years and I sent SWMBO to make a cheeky offer just after she'd read it out on the news thinking she'd go "oh, no" as she was in London and the house in Middlesbrough.

By the time the cheeky offer had been accepted, and we'd each signed bits of paperwork by fax, it went back down to 10% the next day

 

[Cycleops]

Back around late 70s I recall it hitting 16.5%......frightening to us as we had recently taken out our 1st mortgage.

Scary times. Many couldn’t cope. I remember going to a solicitor’s office to be told officially that if I fell behind with my mortgage payments again that the Building Society would take steps to repossess my house.

 

[NorthernSky]

take away coffees, pushing on for nearly £3 from most places for a coffee, absolutely crazy
would even begrudge that sitting in never mind take away.
just have my coffee at home now from the pods or make my own when out
mcdonalds is very good to be fair though, £1 for a take away, long may that last

 

[Alex321]

Probably showing my (lack of) age here, but a genuine question nonetheless; when was this?

1970's. Inflation during the 70's ranged from 10-25%, and interest rates weren't far behind.

 

[fossyant]

Late 80s, early 90s. We bought a flat with mortgage rates at 14.5%.

We bought in 95 and rates were 8-10% and we ran the figures to 15% to check we could afford it.

 

[Roseland triker]

We bought in 95 and rates were 8-10% and we ran the figures to 15% to check we could afford it.

We brought again just 2 years ago but luckily had a huge amount of money so the mortgage is quite low.
I wouldn't fancy a 95% mortgage these days.

I can smell negative equity on the horizon again........

 

[Joey Shabadoo]

We bought in 95 and rates were 8-10% and we ran the figures to 15% to check we could afford it.

Only had the place for 2 years (a spur of the moment purchase with a girl I later fell out with), but we still sold it for a 25% profit.

 

[Accy cyclist]

£4 for a pint? You were lucky, lad!
I rarely go to pubs these days for a number of reasons, but on Wednesday night I made an exception on the occasion of Rangers playing in the Europa league final.
I was in a company of 6, and when it was my round I went to the bar and paid over £20 for the privilege. Not bad you say? But when I got back to our table it turns out I had forgotten my mate's son, who was drinking some kind of IPA.. So I went back to the bar for a pint of said IPA, confidently holding a fiver in my hand...... "£5.90 please" says the barman . The night cost £60, which included a very ordinary steak pie with chips.
So yes, pubs join the list of luxury items for special occasions only, when they used to be a daily occurrence back in my late teens and early 20's.

And I thought slightly exaggerating my price might be questioned! Around here it's more like £3.50, though some pubs sell pints for less than 3 quid, even less than 2, but they are not nice places. In 4 miles away Ribble Valley/Clitheroe you can sometimes pay over a fiver, but nothing like your price!

 

[BoldonLad]

Probably showing my (lack of) age here, but a genuine question nonetheless; when was this?

I can recall two periods of high interest rates etc, one was in 1970’s, around 1976? I think, the other, late 1980’s early 1990’s.

 

[Accy cyclist]

Any of you finding bars of soap expensive these days, try Tesco Essentials soap at a mere 15p a bar. I've had bars of soap mostly bought for me at birthdays, Christmas etc and they haven't lasted as long or 'foamed up' as much as the 15p Tesco bar.

 

[Brandane]

I've had bars of soap mostly bought for me at birthdays, Christmas etc

Your friends and relatives aren't very subtle, are they?

 

[Moodyman]

A factor to consider is that inflation affects certain socio-economic groups more than others due to the % of their income that goes into essentials.

We’ve not made any sacrifices (yet) but have put off car replacement until the crazy car prices come down.