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Politics : Ask Michael Burke
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To: Skeeter Bug who wrote (97129)8/1/2002 12:05:25 PM
From: BGR  Read Replies (1) of 132070
 
SB,

Buying a house is not a God given birthright. As long as these folks can afford to pay rent - which, incidentally, has been dropping - then their monthly expenditures are not under threat of inflation.

At any rate, around 60% of the US families already own their home.

As for the tax to pay when you buy a new home, same logic applies as buying a new home itself. Home prices are not included in the CPI - rent is - and for good reason: fluctuations in home values doesn't affect majority of US families.

But we already had this discussion 2 years back, and it didn't stick. Whatever. I guess if the price of gold goes up, that's inflation too, even though majority of the US consumers could care less.

-BGR.
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