Molson Hart

Overall inflation is lower than wage growth, which means all of those things you mention are overall *more* affordable than in the past. What experience is telling you otherwise?

Tell that to the middle class. What experience? Who from your and my cohort can afford a home?

Look at real housing prices avi. Worth mentioning how many fewer kids people are having to afford those homes.

I never said housing inflation wasn't high. But overall affordability is measured by the average, which is inflation. If anything, measured inflation overestimates inflation because it doesn't account enough for increased quality. 1/x

People have fewer kids as they get richer. Very clear pattern. https://en.wikipedia.org/wiki/Income_and_fertility … 2/x

If your wages go up by 3% and inflation is 2%, you have 1% more real spending power, full stop. Inflation is an average of all spending categories - if housing went up 5%, others must have gone down in similar proportions to keep the average at 2. 3/x

That’s not exactly right. CPI is determined by a basket of goods selected by the federal reserve which they weight and swap out as they see fit.