2 ms·
I live in the Vancouver area where house prices have shot through the roof. However, rent price for me has not gone up over the last 3+ years at all. Not even
by YZF 9y ago
I live in the Vancouver area where house prices have shot through the roof. However, rent price for me has not gone up over the last 3+ years at all. Not even 2% (or whatever is the amount my landlord is legally allowed to raise).
Measuring inflation is apparently quite hard and there are always some conspiracy theories. I think the intention is to try and somewhat filter out real estate bubbles from CPI which does make some sense if you assume a certain mix of home owners, long time renters, new renters. New renters may see a large % gain but they are only a small portion of a normal market.
The problem is not really how we measure CPI. The problem is ZIRP that is skewing everything. Hopefully we can start moving away from that.