Measuring Rents
How quickly are rents increasing? And how will this impact measures of inflation?
Earlier I wrote: The Rapid Increase in Rents, What is happening? Why? And what will happen.
Today, I’m going to take a step back and discuss measuring rents. Historically I’ve used Owners' equivalent rent of residences (OER) as a measure of rent (part of the monthly CPI report from the BLS). For example, when I present the house price-to-rent ratio, I…
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