2 ms·
Because the culturally normative lifestyle in the USA is to own your housing, not rent it. You're thus supposed to count housing inflation as a rise in your as
by eli_gottlieb 11y ago
Because the culturally normative lifestyle in the USA is to own your housing, not rent it. You're thus supposed to count housing inflation as a rise in your asset portfolio, not a rise in costs.
- cm2187 11y agoBut typically people borrow to buy, and the more expensive the property the more they have to repay, so the impact on their purchasing power is the same as if they were all renting.