News for hackers. Stuff that matters.

A comment on Why the government took home prices out of its main inflation index. Parent comment

Re:Why the government took home prices out of its main infla... by irrational on Friday May 27, 2022 @10:33AM (#31530104)
My monthly mortgage payment on a nearly 4,000 sq foot home on nearly an acre is about the same as local monthly rental of a 2 bedroom apartment. I can't decide if I got a deal or if local rental prices are crazy high.
[ Parent | on HN ]
Re:Why the government took home prices out of its main infla... by kube-system on Friday May 27, 2022 @10:37AM (#31530168)
The house across the street from me rents for 2x my mortgage.
[ Parent | on HN ]
Re:Why the government took home prices out of its main infla... by rnk on Friday May 27, 2022 @11:50AM (#31531013)
A lot of people can't afford the down payment to reduce the monthly payments. Plus the endless rumors of hedge funds buying up all the houses w cash to force renting, reduce supply.
[ Parent | on HN ]