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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: CalculatedRisk who wrote (43471)10/14/2005 12:59:06 PM
From: Broken_Clock  Respond to of 110194
 
I did a little digging and was able to find out a bit more on that number. Seems they are factoring in the recent collapse of Winnie prices into the shelter costs because the number of retirees living on the road has risen so much in recent times that the Winnie factor now accounts for 80% of shelter number(only when Winnies drop of course). This now gives hope to all those parher Winnie sellers that they might actually get someone to buy their road anchor since shelter prices are really up 2%. I know it sounds convoluted but trust me...these calculations work. Greenie told me so I know it's true. It's another way compassionate conservatism addresses the needs of America.



To: CalculatedRisk who wrote (43471)10/14/2005 1:10:08 PM
From: Win-Lose-Draw  Read Replies (2) | Respond to of 110194
 
Where do you see the difficulty? The median mortgage payment has barely budged over the past few years, seems CPI is capturing that fairly well.



To: CalculatedRisk who wrote (43471)10/14/2005 2:13:18 PM
From: mishedlo  Read Replies (3) | Respond to of 110194
 
My cost of shelter has not gone up.
Has yours?
Anyone not buying a house in the last 4 years has not seen their price of shelter go up (except as related to taxes - not an issue in CA, insurance, and heating costs etc).

It is fundamentally flawed to assume home prices going up have affected everyone's home costs. It predominately affects NEW buyers.

Mish