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This doesn't seem to take into account the price of land or the price of education or the price of healthcare, therefore claiming that they can afford a better
by mattigames 1y ago
This doesn't seem to take into account the price of land or the price of education or the price of healthcare, therefore claiming that they can afford a better quality of life it's highly misleading, if this is taking such things into account I would like to know exactly how.
- rendang 1y agoAll of those are part of the basket of goods and services tracked in the Consumer Price Index
- absolutelastone 1y agoDoesn't the CPI produce an average estimate of what everyone is already paying for housing as opposed to the full sticker price for a new entrant? Meaning if most people are living in houses they bought in the past at much lower prices and interest rates, then the CPI will be heavily weighted towards their costs as opposed to the much smaller fraction of renters and first-time buyers.