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Politics : Ask Michael Burke

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To: Freedom Fighter who wrote (62929)	6/22/1999 8:18:00 PM
From: BGR	Read Replies (2) of 132070

Wayne, First of all, 50%/5% increase in home prices/average salary over past 3 years is quite inaccurate. According to an article by James Padinha (a serious inflation hawk) in thestreet.com today, average home price inflation was more like 15%. While this lags average salary raises which have been at around 10% (as that has closely tracked the CPI), the difference is not that huge. And if you consider options ... In any case, no one is required to acquire assets. It is a choice and not a requirement and hence removed from COL calculations. Finally, mistrusting the Govt. is a different issue altogether. -BGR

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