All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: flatsville who wrote (37366)	6/2/2000 11:55:00 AM
From: BGR	Read Replies (1) of 42523

Explain this to me, please. I buy a house for 1/2 million for a 15 year fixed mortgage. In 7 years, the price becomes 1 million, but my mortgage remains the same. In 15 years, the price becomes 2 million, and my mortgage payment is 0. How is this inflationary from a consumer price perspective, even though my asset price inflation has been in excess of 10%/year? Tell me what a good methodology should be, since IYO the present methodology is bad. BTW, since it is not new methodology, don't blame the present administration for using it.

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