MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: im1vestr who wrote (30886)	10/21/1999 2:33:00 AM
From: KeepItSimple	Read Replies (1) of 99985

>Seems like it would have affected inflation #s at least for this area. The feds statistics stated that housing costs in New York only increased 2% last year. I am not making this up! Try telling that to anyone who actually lives there. I've got friends who are shopping for flats and the prices are roughly 30% more than they were last year. The fed doesnt actually go around and see how much the average rent is. It basically estimates the cost based on a mathematical formula that has no connection with real prices, other than salary rates and local mortgage rates.

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