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Macrobusiness have a piece up quoting research by LF Economics (Lindsay Davis and Philip Soos) on the cost of paying the principle of a loan exclusive of the interest costs. http://www.macrobusiness.com.au/2015/04/oz-housing-affordability-measured/ The piece isn't that clear, but the point...

Inflation hit 0% in the UK recently. I don't know the situation in the US, but I think that the EU is in a state of mild deflation. OK, it's not Australia, but I wouldn't be surprised if the economy follows that trajectory. Typically the base rate is a couple of percentage points above...