Re:Do the Rich Capture All the Gains from Economic Growth?
by skybrian on Friday October 26, 2018 @01:48PM
(#18311402)
Sure, it's not new.
Another way to put it is that housing costs used to calculate inflation will lag market prices, because the cost is often locked in for a while. When prices go up, people often don't immediately start paying the new price.
Another way to put it is that housing costs used to calculate inflation will lag market prices, because the cost is often locked in for a while. When prices go up, people often don't immediately start paying the new price.