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It's an argument that vanilla inflation does not capture the changing costs of housing specifically. Considering housing is the #1 expense on most peoples' budg
by WhompingWindows 8y ago
It'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.