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“If someone were to rent you home today, how much do you think it would rent for monthly[...]' That’s a very poor proxy for housing cost." Agreed. Rental dat
by DoubleDerper 6y ago
“If someone were to rent you home today, how much do you think it would rent for monthly[...]'
That’s a very poor proxy for housing cost."
Agreed. Rental data is publicly available. Why bother asking only to get a worse answer?
- deleted 6y ago[deleted]
- zbzbBn 6y agoI was quoting the question asked in the government document posted by the OP
- em500 6y agoThe question is asked to owners. Renters are asked how much they actually paid in rent. The main reason why owners are asked for their estimate is because owner-occupied houses can be systematically different (probably more expensive/higher class) than renter-occpied houses, so estimating owner-occupoed rents with actual rents can be biased.