People in Europe live in 150+ year old buildings where all kinds of awful #### has gone down. Wars, riots, murders, pogroms. Who knows how many people have died in any give house in Paris, Munich, or Madrid? They seem to manage without being afflicted by restless spirits.
Some of you guys sound like the people who stay in the house when it's become self evident to get out. Instead you are dying to get in for a bit of saving.
People in Europe live in 150+ year old buildings where all kinds of awful #### has gone down. Wars, riots, murders, pogroms. Who knows how many people have died in any give house in Paris, Munich, or Madrid? They seem to manage without being afflicted by restless spirits.
I stayed in a hotel in old town Dubrovnik that was built in the 1500s. Apparently an old nobleman’s house.
No ghosts, but the service was impeccable.
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I’ve always found it curious that real estate prices are not factored into inflation calculations. Seems like a bit of a cheat to omit the single largest expense most people have.
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Originally Posted by fotze
If this day gets you riled up, you obviously aren't numb to the disappointment yet to be a real fan.
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I’ve always found it curious that real estate prices are not factored into inflation calculations. Seems like a bit of a cheat to omit the single largest expense most people have.
Rents are factored in though which is the actual cost for living.
I looked at a house where the ensuite bathroom had carpet like this, except that it had a jetted tub and the carpet went UP THE SIDES OF THE TUB.
I feel like I know the exact house... Brown carpets in Macewan?
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Originally Posted by GGG
Rents are factored in though which is the actual cost for living.
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Originally Posted by CliffFletcher
Are monthly mortgage payments and mortgage down-payments factored in?
How does this even accurately reflect inflation though?
In the 60's a family of 4 was happy with 1200sqft, 3 bedrooms one bathroom to be average.
Nowadays that same family wants 2200 sqft 5br + fully developed basement, 3 bathrooms with double vanities in each, 80sqft dedicated to a jetted tub that she uses twice a year, a toilet to be used only by guests that come over 3 days year, along with their leased BMW and Audi.
Last edited by jwslam; 04-12-2021 at 02:09 PM.
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Carpet in the washroom was a Greatest Generation thing, I remember my Grandparent's house in Ontario had carpet in the washroom, it was spotless but weird. I guess they thought taking a standing piss on cheap cut pile was luxurious.
Carpet in the washroom was a Greatest Generation thing, I remember my Grandparent's house in Ontario had carpet in the washroom, it was spotless but weird. I guess they thought taking a standing piss on cheap cut pile was luxurious.
Makes one question whether this moniker is at all appropriate.
I feel like I know the exact house... Brown carpets in Macewan?
How does this even accurately reflect inflation though?
In the 60's a family of 4 was happy with 1200sqft, 3 bedrooms one bathroom to be average.
Nowadays that same family wants 2200 sqft 5br + fully developed basement, 3 bathrooms with double vanities in each, 80sqft dedicated to a jetted tub that she uses twice a year, a toilet to be used only by guests that come over 3 days year, along with their leased BMW and Audi.
They make hedonic adjustments to the inflation rates though. So if the new version of what they're measuring is 10% better, they adjust the price accordingly.
That is actually a big reason why inflation has been so low. A car that is consistently 25,000 but now has a bunch of extra features gets counted as deflation because the new version is better.
This is an especially big factor with things like TVs, computers, phones, etc.