To: bruinbirdman
The housing costs in the CPI are based on rent, not home prices.
In the Seattle area, home prices have gone through the roof the last seven years, yet rent has actually stayed flat or even gone down.
So, a massive increase in the most expensive monthly payment of most homeowners is not even factored into the inflation rate. That makes the figures useless.
93 posted on
07/19/2007 4:37:45 PM PDT by
RobRoy
(Islam is a greater threat to the world today than Nazism was in 1938.)
To: RobRoy
The housing costs in the CPI are based on rent, not home prices.Actually rent and owners equivalent rent.
In the Seattle area, home prices have gone through the roof the last seven years, yet rent has actually stayed flat or even gone down.
So, a massive increase in the most expensive monthly payment of most homeowners is not even factored into the inflation rate.
Everybody in the Seattle area bought a new house in the last seven years?
94 posted on
07/19/2007 4:49:43 PM PDT by
Toddsterpatriot
(Why are protectionists, FairTaxers and goldbugs so bad at math?)
To: RobRoy; bruinbirdman
So, a massive increase in the most expensive monthly payment of most homeowners is not even factored into the inflation rate. That makes the figures useless.
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include graphs NEW! |
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Consumer Price Index - Urban Wage Earners and Clerical Workers
Series Id: CWUR0000SAH
Not Seasonally Adjusted
Area: U.S. city average
Item: Housing
Base Period: 1982-84=100
|
Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
Annual |
HALF1 |
HALF2 |
1997 |
151.8 |
152.4 |
152.5 |
152.4 |
152.6 |
153.6 |
154.1 |
154.2 |
154.4 |
154.4 |
154.5 |
154.4 |
153.4 |
152.6 |
154.3 |
1998 |
154.8 |
155.1 |
155.5 |
155.8 |
156.1 |
157.0 |
157.6 |
157.7 |
157.8 |
157.6 |
157.7 |
157.8 |
156.7 |
155.7 |
157.7 |
1999 |
158.1 |
158.4 |
158.8 |
159.1 |
159.2 |
160.2 |
160.7 |
161.0 |
161.3 |
161.0 |
161.1 |
161.1 |
160.0 |
159.0 |
161.0 |
2000 |
162.0 |
162.9 |
163.4 |
163.6 |
163.9 |
165.5 |
166.4 |
166.6 |
167.3 |
167.5 |
167.6 |
168.1 |
165.4 |
163.6 |
167.3 |
2001 |
170.2 |
170.5 |
171.0 |
171.0 |
171.7 |
173.0 |
173.3 |
173.5 |
173.2 |
172.5 |
172.8 |
172.9 |
172.1 |
171.2 |
173.0 |
2002 |
173.4 |
173.9 |
174.4 |
174.8 |
175.1 |
176.1 |
176.5 |
176.9 |
177.0 |
176.9 |
176.9 |
176.9 |
175.7 |
174.6 |
176.9 |
2003 |
177.9 |
178.7 |
179.9 |
179.7 |
180.0 |
180.9 |
181.4 |
181.6 |
181.6 |
181.3 |
180.9 |
181.0 |
180.4 |
179.5 |
181.3 |
2004 |
182.1 |
182.6 |
183.2 |
183.6 |
184.1 |
185.6 |
186.2 |
186.6 |
186.5 |
186.2 |
186.4 |
186.4 |
185.0 |
183.5 |
186.4 |
2005 |
187.3 |
188.1 |
188.9 |
189.4 |
189.7 |
190.9 |
191.9 |
192.3 |
192.9 |
194.1 |
194.4 |
194.2 |
191.2 |
189.1 |
193.3 |
2006 |
195.8 |
196.1 |
196.6 |
196.8 |
197.4 |
198.9 |
199.7 |
200.3 |
200.4 |
199.6 |
199.9 |
200.5 |
198.5 |
196.9 |
200.1 |
2007 |
201.509 |
202.370 |
203.203 |
203.588 |
204.033 |
205.711 |
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203.402 |
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You sure about that?
More stats
95 posted on
07/19/2007 4:57:12 PM PDT by
Toddsterpatriot
(Why are protectionists, FairTaxers and goldbugs so bad at math?)
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