Another thing I suspect is the government prefers low inflation since a lot of costs is tied to CPI right?
Think if all those fixed social security checks had to go up by 10% a year to all the recipients entering or are in retirement? Also, they pick and choose what is in the CPI and this is probably why it only makes up the small 2% since that’s preferable.
Housing cost is something you have to pay for, but the CPI probably includes more useless things like the decreasing cost of computers or things that you “don’t” really need to live vs. things like healthcare, education, food, gas, etc…that you can’t live without…
[quote=AN]Desirable areas of CA was affordable not too long ago after every crash. Real estate in CA is cyclical, so I think it will be affordable again.[/quote]
It will definitely be interesting to watch and see what the future brings.
