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by JumpCrisscross
703 days ago
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> home ownership costs are not included in inflation measures They are, as one of the inputs to imputed rent for owner-occupied housing. > lot of anecdotes about not being able to make the rent A lot is explained by regional variation. For example, real mean wages in San Francisco are back where they were in 2017 [1]. [1] https://fred.stlouisfed.org/series/MWACL06075 |
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but no one is digging in to talk about the regional variation. SF going back to being "still one of the highest CoL post genrification" instead of "unbearable for all but the elite" isn't exactly comforting.