Quote:
Originally Posted by freemkt
Then why do renters get less value for their housing consumption? Or, why are homeowners enjoying 'free' housing consumption?
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In general, homeowners in the same market pay the same amount as renters do for residential services. That is a consumption expense in both cases, but homeowners undertake an additional expense -- an investment expense by which they acquire an asset that they hope will appreciate in value.
Quote:
Originally Posted by freemkt
p.s. You didn't address the OP question - what's the next lower housing chain below SRO?
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It's not a coherently stated question. The right to expect a reply has not been earned. As you may not understand here, what C-CPI-U is chained over is time periods.