Re:Bay Area hammered by loss of jobs: Lack of affordable hou...
by guelo on Monday October 23, 2017 @02:49PM
(#15535851)
Housing is not experiencing rampant inflation when you look at the nation as a whole. We have one currency so the Fed has to try to strike a balance that works for everyone.
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Re:Bay Area hammered by loss of jobs: Lack of affordable hou...
by teemwerk on Monday October 23, 2017 @03:04PM
(#15536000)
That's an interesting thought, does the government have cpi-like numbers for different localities, or just the one number?
Rents are included in cpi, but home prices aren't. Now, of course they are correlated, but that's certainly one of the arguments against using cpi.
edit: answered my own question, the bureau of labor statistics has more numbers than you can shake a stick at.