Relevant:
- When big money chases rentals -- Fed pushing large money investors into becoming landlords.
- When it costs more to be poor -- Fed and government shifting inflation onto rent, medical care, and food. QE3 to widen the gap between the poor and the wealthy
- And then, right on schedule, rents started plummeting
- Media Misleading Americans About Inflation
- Consumer Prices Rise as Americans Pay More for Food, Rents
2012-10-18 — mybudget360.com
The majority of Americans own a home and largely have it financed by the government. The fact that we still use OER is a method of keeping the overall inflation rate understated. However, thanks to the Fed sheltering banks and the flood of big pocket investors buying rentals, rents are going up and this is leaking into the CPI:
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