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Pastimes : All Clowns Must Be Destroyed
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To: flatsville who wrote (37617)6/7/2000 12:09:00 PM
From: BGR  Read Replies (2) of 42523
 
flatsville,

I do not understand your point. All assets sometimes drop in value, including gold. That does not make those an item of consumption, does it now? As for my lease reference, I simply do not get your point. Can you please explain? TIA!

As for whether the poor are doing well or not, that's an entirely different issue and has nothing to do with inflation. My point is simply this:

1) Those who lease (for whatever reason, affordability or otherwise) are unaffected by real estate price inflation but affected by lease price inflation.

2) Those who own are unaffected by lease as well as real estate price inflation as their mortgage payments (if they have one) remain unchanged.

Hence, only lease price inflation deserves a place in the CPI. Please tell me what is wrong with this picture?

-BGR.
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