The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: gpowell who wrote (36322)	7/26/2005 11:18:58 PM
From: Mike Johnston	Read Replies (1) of 306849

The substitution method of computing inflation is one of the dumbest ideas that government bureaucrats could come up with. If a house on the beach triples in price and i can no longer afford it and have to buy a hut in West Virginia, BLS substitutes a hut for a house and voila, no inflation. If a hotel in Miami Beach increases the price from $250 to $400 and instead i go to a motel in Lauderdale by the Sea which did not go up in price,BLS substitutes motel for a hotel and voila, no inflation.

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