hk_a@lemmy.worldtoHousing Bubble 2: Return of the Ugly @lemmy.world•Is everything a lie?English
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5 months agoThis is wrong. Home prices were replaced by rental price equivalent: https://www.fullstackeconomics.com/p/why-the-government-took-home-prices-out-of-the-consumer-price-index , for the simple reason that people usually have mortgages and changes in the mortgage rate weren’t included in the old calculation.
They buried the real information which is that prices have increased 11.6 percent!