The Complete Failure of Owners' Equivalent Rent [View article]
I have lived in & owned the same house for the last seven years. I fail to see how the gyrations of the Case-Schiller index had any impact on my cost of living.
Despite the press, the majority of households in the US did not buy a new house recently. The gyrations of home-prices, at the margin, are not a good indicator for the cost-of-living for the overall population.
CPI is meant to measure the cost of living for the general population NOT 'the cost of living for those who happened to buy a house that year'.
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I have lived in & owned the same house for the last seven years. I fail to see how the gyrations of the Case-Schiller index had any impact on my cost of living.
Aug 15 09:56 am
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All Comments by (Dis)stressed investor »The Complete Failure of Owners' Equivalent Rent [View article]
Despite the press, the majority of households in the US did not buy a new house recently. The gyrations of home-prices, at the margin, are not a good indicator for the cost-of-living for the overall population.
CPI is meant to measure the cost of living for the general population NOT 'the cost of living for those who happened to buy a house that year'.
Get a clue.