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But the point was that the CPI doesn’t accurately track real housing costs. Do you believe housing costs have gone down relative to inflation? Housing costs rel

But the point was that the CPI doesn’t accurately track real housing costs. Do you believe housing costs have gone down relative to inflation? Housing costs relative to median income have doubled but that isn’t reflected in CPI data.

gruez 5y ago
>But the point was that the CPI doesn’t accurately track real housing costs. Do you believe housing costs have gone down relative to inflation? Well we just saw that adjusting for interest rates wipes away most of the increases in housing prices, and we didn't need CPI to reach that conclusion, only housing price index and interest rates. > Housing costs relative to median income have doubled but that isn’t reflected in CPI data. And what's your source for that claim? I'm sure that in the hottest housing markets that's true, but the CPI is a national measurement, not a local one.