Re:Federal Reserve lent $300B in emergency funds to banks in...
by carlhjerpe on Monday March 20, 2023 @04:48AM
(#35228858)
We've got the same bullshit in Sweden with the housing market boom, free-ish loans have driven prices through the roof. This means we're stuck on low interest rates or everyone and their uncle will default, a better solution must exist!
This makes it very difficult to get into the market since our rules require 15% of your loan in up-front capital. For a 1 room apartment that means about one year of salary saved up. Yay boomer economy...!
Re:Federal Reserve lent $300B in emergency funds to banks in...
by afpx on Monday March 20, 2023 @07:34AM
(#35230070)
Not sure why you were downvoted
https://www.bls.gov/cpi/factsheets/owners-equivalent-rent-an...
You would be better positioned to make that argument if you could demonstrate a basic understanding of what the distinction is.
> People’s main thing they have to pay on a regular basis is rent or mortgage, so the cost of housing should be included in the consumer inflation index.
The cost of housing as a consumer good (rent, actual or, for homeowners, imputed) is included in inflation measures (consumer price index, PCE, etc.)
The asset price of residential real estate is not, but that’s a different thing.