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jcook264 asked:
It is my understanding (and maybe I’m wrong) but years back real estate was included when inflation was calculated. It’s such a huge part of “Rising costs” so why is real estate no longer factored in?
March 6, 2010
Why is real estate excluded from calculating inflation?
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Playa del Rey Real Estate
It would reveal a state of hyperinflation, which would be danerous for our economy since confidence in US dollar is only value it holds.
Comment by BOB ROSS — March 9, 2010 @ 9:34 am
Bozeman Real Estate
There is a lot of manipulation involved in the way government reports inflation. They don’t count food or energy (oil) costs either.
There are a number of reasons for this, ranging from keeping the people happy and dumb by reporting a lower number, to covering the mischief of the government and the Fed. It also allows the government to give smaller cost of living adjustments to social security beneficiaries.
This has been going on for the past 25 years. If you want a good resource, check out:
Comment by ADP_14 — March 11, 2010 @ 3:35 pm