the fed sponsored housing bubble

Mike Bertelsen

The CPI does not track home prices per se. The CPI uses Owner Equivalent  Rent (OER). The Fed was more concerned with rents as a measure of inflation.

Link to story:

Dissecting the Fed-Sponsored Housing Bubble; HPI-CPI Revisited; Real Housing Prices; Price Inflation Higher than Fed Thinks
http://globaleconomicanalysis.blogspot.com/2013/01/dissecting-fed-sponsored-housing-bubble.html

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