03-09-2008, 08:25 PM
I think housing prices are probably right in line with all the other things on the market wrt inflation. But as inflation is more or less a straight average calculation across all market segments, if one were to break it down directly commodity by commodity - and by knick knacks, candy bars, cars, luxury items, houses, etc - one might find that the relative price increase rate since 19XX or whenever grows more steeply and proportionally (or even exponentially) with its price over time.
However, even breaking it down by item like this doesn't take into account any demographic, geographic, or whatevergraphic info associated with each respective item.
So there it is. Anyone working on a PhD in economics? You have my permission to take that idea and run with it. Just say 'Thanks DIG!' on the stage when you give your Nobel Prize acceptance speech. This one's on me.
However, even breaking it down by item like this doesn't take into account any demographic, geographic, or whatevergraphic info associated with each respective item.
So there it is. Anyone working on a PhD in economics? You have my permission to take that idea and run with it. Just say 'Thanks DIG!' on the stage when you give your Nobel Prize acceptance speech. This one's on me.