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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (97129)	8/1/2002 12:05:25 PM
From: BGR	Read Replies (1) \| Respond to 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.