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You’re completely missing my point: we already have firms who do what the BLS claims to be doing that have greater predictive power and determinative impact on
by bugglebeetle 3y ago
You’re completely missing my point: we already have firms who do what the BLS claims to be doing that have greater predictive power and determinative impact on what people play for housing. Ignoring that reality to shrug and go “lots of countries measure things in ways that don’t make any sense so what can you do” is not a refutation of anything.
- throw0101b 3y ago> You’re completely missing my point: we already have firms who do what the BLS claims to be doing that have greater predictive power and determinative impact on what people play for housing. I agree that what the BLS is doing is not predictive. Because that's not the point of the CPI: it's measuring what happened in the past. That's why the numbers that were released on October 12, 2023 were for what happened in September 2023, not November 2023.
- bugglebeetle 3y agoSee also determinative, which is what the BLS is trying to measure, i.e. what would be actually paid were the housing made available as a rental. No firm trying to calculate rents for a new rental would do what the BLS does, which is why their number are bullshit. If you can’t acknowledge this, it seems like you’re just being intentionally obtuse.