How Far Does $1 from 1999 Go Today?

Re:How Far Does $1 from 1999 Go Today? by medvezhenok on Monday October 16, 2023 @01:53AM (#37896301)

I think that’s actually the big problem with the CPI - it treats a house purchase as a speculative investment, rather than a separate category of housing on equal footing with rent. I think the median housing payment (mortgage + interest) should be included in the CPI.

As someone who is looking to start a family, renting vs owning is not simply a financial question, they are totally different goods which are not interchangeable

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Re:How Far Does $1 from 1999 Go Today? by s1artibartfast on Monday October 16, 2023 @02:08AM (#37896374)

I totally agree that they are not the same. However, the CPI isn't supposed to capture everything.

If someone wants to talk about the cost of buying and homeownership rates, there is tons of data on that to point at.

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