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Isn't that an argument that the inflation adjustment isn't suitable for this comparison?
by humanrebar 8y ago
Isn't that an argument that the inflation adjustment isn't suitable for this comparison?
- ralmeida 8y agoOr that housing prices are too high.
- WhompingWindows 8y agoIt's an argument that vanilla inflation does not capture the changing costs of housing specifically. Considering housing is the #1 expense on most peoples' budgets, then yes, inflation alone is not appropriate. I believe that's the point the parent comment is making, and there is an implicit comparison there to all the economic analyses which compare childrens' incomes to their parents via inflation without accounting for housing.