How often do you buy a home, and even if you buy one a day, why should I care? (With regard to inflation).
—How often do you buy a home, and even if you buy one a day, why should I care? —
I think that’s the argument and why they use the rent equivalent. Meanwhile, I rented from 1998 through 2007, the time of the entire runup, yet my rent wend DOWN. That was not really reflective of the housing market.
The CPI should reflect, for any given day, what it would cost to put a roof over your head that day, buy a meal that day, a car, clothing, the basics. That day.