[Sad90sNerd]

> The merit of OER is that is a measure of the cost of using owned housing as housing instead of renting it out.

I don't follow - can you help me understand? To me there are two metrics that matter: the price of property, and the price to rent property.

Hypothetical: If 50% of the houses in the US were bought by older folks in the 1970 - 1990 (when housing prices were more propositional to income) and they generally don't plan to sell until 2030 - what does it matter what they would rent at today?

I just don't understand the logic here, and to the fact that they are included in the CPI at all means that the CPI is necessarily skewed when it comes to housing imho