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There are plenty of problems with CPI, one of which is the very issue of “feelings”. Owners equivalent rent is absolutely irrelevant to actual rent costs. It’s just how much a homeowner says they would charge if they were to rent out their place. These are not the people renting out units…they’re just someone who happened to have enough money to buy a house. WTF do they know.
They seem to be pretty thorough
There are plenty of problems with CPI, one of which is the very issue of “feelings”. Owners equivalent rent is absolutely irrelevant to actual rent costs. It’s just how much a homeowner says they would charge if they were to rent out their place. These are not the people renting out units…they’re just someone who happened to have enough money to buy a house. WTF do they know.