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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.)
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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?)
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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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Data extracted on: July 19, 2007 (7:53:31 PM)
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               203.402  

 

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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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