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

To: Les H who wrote (25483)	11/30/2004 3:23:03 PM
From: JBTFD	Respond to of 306849

<Fictitious rental income is included in the government's calculation of Personal Income, Disposable Income, and the Personal Savings Rate.> Combine that with the fact that some 30-40% of Americans own their home outright, I wonder if anyone has ever seen a figure for the total of this fictitious income? I would imagine it to be rather large, especially in this case where no money is changing hands. But even for those with mortgages it appears to me to be double counting. I would guess that the profits of the mortgage are counted, and then homeowners equivalent rent is counted again. No wonder we are so "productive". Does anyone know how this compares to how other countries account?