5 ms·

Mortgage payments for most people have stayed the same.

• missedthecue 5y ago
  the purpose of CPI, at least in my mind, is to calculate the change in the price of goods from year to year. Making your monthly mortgage payment isn't the same thing as buying a new house, so the fact that the payment might stay the same over the life of the mortgage contract doesn't seem particularly relevant. What seems relevant is how much it would cost to buy the same house again today. For instance, if we suppose for the sake of example that the average American buys a new TV every five years, it would be true to say that the cost of TV for most Americans didn't rise this year even if TV prices increased 15%. But saying that seems to provide zero insight about CPI.
  • whateveracct 5y ago
    > Making your monthly mortgage payment isn't the same thing as buying a new house, so the fact that the payment might stay the same over the life of the mortgage contract doesn't seem particularly relevant. In a thread about inflation, it's highly relevant. One of the biggest benefits to a mortgage is that you lock yourself into an inflation-resistant housing cost.
• stjohnswarts 5y ago
  Property taxes for most people have gone up.