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Foreclosures causing inflation

Started by Riversider
almost 15 years ago
Posts: 13573
Member since: Apr 2009
Discussion about
This must have poor Ben scratching his head. FT writes that all those foreclosures are pushing people into rental housing driving up rents and the housing cpt of the CPI. Does this mean we switch back to measuring housing by the cost of buying housing(pre 1983 method) or a new metric core inflation being cpi less food , energy & housing? Even if the CPI is not reflective of YOUR costs it's 30% of the CPI calculation so this a pretty big deal accounting for 60% of the increase in CPI. http://www.ft.com/intl/cms/s/0/a107bd9c-9841-11e0-ae45-00144feab49a.html#axzz1PIhoPocv
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