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To: Joe NYC who wrote (12436)10/9/2000 11:31:52 PM
From: chic_hearneRead Replies (2) | Respond to of 275872
 
Joe,

But I am not sure how housing costs are factored into the inflation numbers. I am pretty sure they are not part of the consumer price index

Duh? Why do you think every time they report the stats it's always "Ex this, ex that". How else are they gonna show inflation is under control?

Ex food, ex energy, ex housing, what the hell is even left?

chic



To: Joe NYC who wrote (12436)10/10/2000 12:06:10 AM
From: Dan3Respond to of 275872
 
Re: the inflation in real estate prices is running at rate of 15 to 20%

You have to try to factor in the enormous changes in taxation of personal residence real estate sales. Real estate suddenly became a much better investment when it was exempted from capital gains taxes - some part of the increase in prices is due to that, the question is, how much?

Dan


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