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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (18550)	3/17/2000 9:13:00 AM
From: KeepItSimple	Read Replies (1) \| Respond to of 42523

I'm in san francisco. I can assure you real estate is appreciating faster than 3 percent. After all, the CPI measures the median cost of RENTING a home. The reason for this is that nearly every major city has rent control laws which limit increases to a few percentage points a year. This of course totally MISSES THE POINT of reporting housing costs, which is one of the reasons the fed publicly said they can no longer trust any numbers printed by the BLS- because they are entirely political and cook the books. Some guy on CNBC yesterday morning said that when he worked for the BLS back in the 70s, the head of the department asked them to remove food, energy, housing, clothing, education, entertainment, automobiles, and literally everything except for about 2 items. Even after he finished removing everything but the cost of a bucket of paint, the BLS was horrified because they still couldn't hide the "non existant" inflation of the 70s.. :)