Why the government took home prices out of its main inflation index
<a href="https:&#x2F;&#x2F;www.longtermtrends.net&#x2F;home-price-median-annual-income-ratio&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.longtermtrends.net&#x2F;home-price-median-annual-inco...</a><p>nb that there is little relation to interest rates, which have been steadily declining since 82:<p><a href="https:&#x2F;&#x2F;www.freddiemac.com&#x2F;pmms" rel="nofollow">https:&#x2F;&#x2F;www.freddiemac.com&#x2F;pmms</a><p>with the recent spike, we are currently at ~2000 interest rates, when homes were at 4x incomes, rather than 7+x<p>home prices have been absolutely bonkers, with two massive bubbles (we are in one right now) and the fact that this doesn&#x27;t show up proportionally in inflation numbers is either malicious, stupid or both<p>the really psychotic aspect of this all is that in the long run it will destroy the economy as family formation craters (too expensive to start a family)<p>maybe that&#x27;s the idea, I can&#x27;t make much sense of it