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To: flatsville who wrote (37617)	6/3/2000 9:36:00 AM
From: LLCF	Read Replies (1) \| Respond to of 42523

< As a former housing commissioner in a large Midwestern city there are legions of people that don't own their own home > There is such wealth of experience to be found here at SI it is astounding. Looks like Mr. Knowitall is running into a lot of it lately... not that he'd notice. <You may be unaware that real property often declines in value...blocks of it...> I can recommend quite a few blocks in Syracuse to look at. DAK

To: flatsville who wrote (37617)	6/3/2000 12:33:00 PM
From: Ilaine	Read Replies (2) \| Respond to of 42523

Agree with your point on the subsidized housing. I sometimes do pro bono work for Legal Aid. There just isn't enough subsidized housing to meet demand, even now when times are flush. Most of it goes to unmarried women with infants. I don't think a one or two person family receiving social security would qualify, anyway. I agree with you, the real reason the inflation numbers are cooked is not to flim-flam the stock market, but to flim-flam people on Social Security and other retirees, whose cost of living adjustments are tied to CPI. It makes the current administration look good, because they can claim that they've tamed the deficit. AARP ought to be up in arms about this. As much money as AARP has, they ought to hire their own economists. Maybe I'll suggest it. I'm not old enough for AARP, only a few more years, guess it's time to start practicing to be a greedy geezer.<g>

To: flatsville who wrote (37617)	6/7/2000 12:09:00 PM
From: BGR	Read Replies (2) \| Respond to 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.