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Even this methodology doesn't add up. About one third of American households are in the 50 largest metro areas. If income-pegged rents increased in that group
by dcolkitt 6y ago
Even this methodology doesn't add up. About one third of American households are in the 50 largest metro areas.
If income-pegged rents increased in that group by 175%, but only 17% nationally, then that would imply that rents outside the largest metros decreased by 60%. That seems highly implausible.
Either this study has to be wrong (or highly misrepresented) or the BLS Consumer Expenditure survey is wrong. Consider that the BLS survey is a huge sample size, with carefully controlled data, developed over decades, I'm trusting it.