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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (18101)	3/5/2004 1:29:41 AM
From: Amy J	Respond to of 306849

Darfot, RE: "note that excluding them caused reported core CPI to be higher for many years during falling energy prices." Then it should be included. Since they provide both measures (core and non-core) CPI, I can live with that item. But what I am strongly against, and find unreliable is how they exclude real estate costs. This is the largest expense and yet they exclude it. RE: "he ignores asset prices. if he is going to count RE inflation, then he should count stock-price inflation " People don't live in their stocks, they live in their homes. To the new hire, a home is a cost. If the govt excludes the true cost of a home, they are excluding the biggest expense item in the household budget. Regards, Amy J