>big city real estate prices are growing much faster than nationwide Important point to make is that is not inflation. Inflation is a decrease in the purchasi

>big city real estate prices are growing much faster than nationwide Important point to make is that is not inflation. Inflation is a decrease in the purchasing power of a currency, and it can be inferred by the cost of many products going up across the entire market that currency is used. But one product going up in one segment of the whole economy is not inflation. What you're referring to is more accurately described as a local cost of living.