2 ms·
This is false. Housing is almost a third of the CPI.
by ls612 7y ago
This is false. Housing is almost a third of the CPI.
- im3w1l 7y agoI think for many people housing as a fraction of money spent is much higher than that. I have had periods where around 75% of my spend was rent.
- JamesBarney 7y agoDepends where you live. In San Francisco you might. But when I graduated college I moved to Houston and over the last 10 years I've never spent more than 10% of my income on rent. Sometimes spending as little as 6%. (When I graduated I made 40,000 and spent $300 a month sharing a 2 bed room in a nice neighborhood, a couple of blocks away from a bunch of nice museums.)