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by nivenkos
1988 days ago
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Real estate inflation is the real driver behind practical inflation all over the world though. Real estate bubble -> High deposits for house purchases -> High rents -> Effective inflation Most governments don't include real estate (or even rent payments) in their inflation calculations to keep it artificially low. |
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Housing is > 40% of the US CPI:
https://www.bls.gov/cpi/tables/relative-importance/2019.pdf