Ok, so losing 40% of your home value (deflation), while gas doubles in price (inflation) , and this should be, in the fuzzy math area of reasoning, something we consider a "push" and assume that there is no inflation since it cancells each other out. Maybe this is why they have different ways of figuring inflation.
Great for those looking to buy a under water home as often as they do gas. But I, as well as many others, know that the cost of maintaining a home, paying bills, and buying groceries each week, has seen some huge increases over the years. Not sure where you buy 2 gallons of milk for 5 dollars. I have been buying one gallon for more than 4 dollars.
So less equity in your home which amounts to a loss of value to the homeowner, while other prices are rising (less purchasing power), and this is not inflationary in reasoning, is a good one. :roll:
I agree with asking who does the shopping. I had not shopped in a few years. I was shocked to find out that for over a hundred dollars, it did not fill two paper bags. I also stopped in for a few things for the kids for lunch and was shocked and surprised that 32 dollars later, what it costs today to do the grocery shopping.
Of course some want the public to think there is no inflation. These are the same that want you to think after blaming Bush for years, that Obama has nothing to do with gas prices. And the unemployment rate really went down, and was not a result of pushing folks onto the disability rolls, after being diagnosed with "stress" of not finding a job.
It takes a true politician to tell folks that their food and living costs are not really up, after factoring in the deflation of their homes.
So if food goes up to a hypothetical figure of 100,000 per year, while my house goes down in value from 100,000 to nothing in the same timeframe....what is this called? ;) I guess I could by a few homes at that price....if I didn't need to eat!