4 ms·
Its only the most expensive thing in most people's lives that has doubled in cost in about 10 years... 10 years i'd be able to afford a 150m2 house with my sala
by adflux 5y ago
Its only the most expensive thing in most people's lives that has doubled in cost in about 10 years... 10 years i'd be able to afford a 150m2 house with my salary. Now a 75m2 house costs the same.
Yes, I can sell the house for more money afterwards, but the inflation is still there, people are getting less whilst paying more. This is an especially rough deal for non-homeowners who want to enter the market, because they have not profited of the apprecation in the past decade.
Its by far the most expensive purchase in peoples lives, vital to our needs just like food and water... And I really dont agree with not tracking it in CPI.
- gajjanag 5y ago> Its by far the most expensive purchase in peoples lives, vital to our needs just like food and water... And I really dont agree with not tracking it in CPI. Please stop spreading this false information. CPI absolutely does track housing: https://www.bls.gov/cpi/factsheets/owners-equivalent-rent-and-rent.pdf https://www.bls.gov/cpi/factsheets/owners-equivalent-rent-an... Now, you might disagree with the methodology used above, in which case it is healthy to discuss alternatives, or where CPI housing calculation has issues.
- adflux 5y agoRent is not purchasing a house. As the document you linked clearly states in the FAQ
- anotherman554 5y agoIf you were aware that rent was covered by CPI I wonder why you wrote "Its by far the most expensive purchase in peoples lives, vital to our needs just like food and water... And I really dont agree with not tracking it in CPI." Either you didn't know rent was included in CPI or you are making the very odd claim that homeownership is like food or water, implying you'll drop dead if you rent a home rather than buying one.