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

To: GST who wrote (56316)	3/21/2006 8:23:02 AM
From: KyrosL	Read Replies (1) \| Respond to of 110194

OT Indeed, lifestyle choices are very important to how one perceives inflation. However, my situation is far from unique: most Florida retirees and many non-retirees are in the same boat as I. As I pointed out in my note, one of the major reasons for my sub-par inflation experience is very low real estate tax inflation. Real estate tax is an expense that dwarfs both insurance costs as well as energy costs for the average homeowner. California, Florida and some other states have real estate tax limitations that result in taxes increasing at a much lower rate than CPI for people that do not switch homes. Having no mortgage is not unique either. A surprisingly large number of homeowners in the US (more than a third) have no mortgage, and thus can make better choices about what insurance they really need to carry.