money value between 2002 and 2008

[DWCAP]

Fearful,

No I know core inflation. I understand that. Basically I am asking why they made the change. Look at some point someone had to be sitting at their desk, or bored sitting in traffic, or sitting where ever they get their thinking done best and that person had to think, “hey, we can track inflation better than we have been.” So they put on their thinking caps, make some changes and present it to whomever makes the decision to make the change to the new system. (stupid short hand for how changes are made i know, but you get the idea).
Ok, in the meeting when they present this new idea, they had to give a REASON or two for the change. What I want to know is what are the reasons cited to make the change in the way we calculate inflation. Everyone on this board always grips about how inflation is understated and all that. But their has to be some benifits of this other than hiding unwanted inflation. What are those benifits?

[no_such_reality]

Give it time, you’ll see 1989 prices again.

No, that’s not a typo. 1989.

I’ve been snooping through sales records and realized today that 1989 prices in the OC are roughly equal to the 1999/2000 prices in the OC.

That’s nominal, not real. Nominal.

Does that put a real estate cycle in perspective for people?

[no_such_reality]

Give it time, you’ll see 1989 prices again.

No, that’s not a typo. 1989.

I’ve been snooping through sales records and realized today that 1989 prices in the OC are roughly equal to the 1999/2000 prices in the OC.

That’s nominal, not real. Nominal.

Does that put a real estate cycle in perspective for people?

[no_such_reality]

Give it time, you’ll see 1989 prices again.

No, that’s not a typo. 1989.

I’ve been snooping through sales records and realized today that 1989 prices in the OC are roughly equal to the 1999/2000 prices in the OC.

That’s nominal, not real. Nominal.

Does that put a real estate cycle in perspective for people?

[no_such_reality]

Give it time, you’ll see 1989 prices again.

No, that’s not a typo. 1989.

I’ve been snooping through sales records and realized today that 1989 prices in the OC are roughly equal to the 1999/2000 prices in the OC.

That’s nominal, not real. Nominal.

Does that put a real estate cycle in perspective for people?

[no_such_reality]

Give it time, you’ll see 1989 prices again.

No, that’s not a typo. 1989.

I’ve been snooping through sales records and realized today that 1989 prices in the OC are roughly equal to the 1999/2000 prices in the OC.

That’s nominal, not real. Nominal.

Does that put a real estate cycle in perspective for people?

[4plexowner]

Andy – do you participate in a trading chat room at Rick’s Picks?

[4plexowner]

Andy – do you participate in a trading chat room at Rick’s Picks?

[4plexowner]

Andy – do you participate in a trading chat room at Rick’s Picks?

[4plexowner]

Andy – do you participate in a trading chat room at Rick’s Picks?

[4plexowner]

Andy – do you participate in a trading chat room at Rick’s Picks?

[hipmatt]

The inflation that we are seeing is mainly in commodities that are in limited supply. Food and energy, plus other utilities, health care, and education. Homes are not in this category. Trying to talk yourself or someone else into buying a home at todays prices due to inflation doesn’t work.

In 2002 (or earlier) there were much less homes per capita in the usa than in 2008. The increase in supply alone over the years is enough to cause for a dramatic decline in home values. The other factors I won’t get into. Rents are a much better indicator of inflation than the volatile and highly inflated past and current home values.

[hipmatt]

The inflation that we are seeing is mainly in commodities that are in limited supply. Food and energy, plus other utilities, health care, and education. Homes are not in this category. Trying to talk yourself or someone else into buying a home at todays prices due to inflation doesn’t work.

In 2002 (or earlier) there were much less homes per capita in the usa than in 2008. The increase in supply alone over the years is enough to cause for a dramatic decline in home values. The other factors I won’t get into. Rents are a much better indicator of inflation than the volatile and highly inflated past and current home values.

[hipmatt]

The inflation that we are seeing is mainly in commodities that are in limited supply. Food and energy, plus other utilities, health care, and education. Homes are not in this category. Trying to talk yourself or someone else into buying a home at todays prices due to inflation doesn’t work.

In 2002 (or earlier) there were much less homes per capita in the usa than in 2008. The increase in supply alone over the years is enough to cause for a dramatic decline in home values. The other factors I won’t get into. Rents are a much better indicator of inflation than the volatile and highly inflated past and current home values.

[hipmatt]

The inflation that we are seeing is mainly in commodities that are in limited supply. Food and energy, plus other utilities, health care, and education. Homes are not in this category. Trying to talk yourself or someone else into buying a home at todays prices due to inflation doesn’t work.

In 2002 (or earlier) there were much less homes per capita in the usa than in 2008. The increase in supply alone over the years is enough to cause for a dramatic decline in home values. The other factors I won’t get into. Rents are a much better indicator of inflation than the volatile and highly inflated past and current home values.

[Author]

Posts