I believe that some parts of housing are included, like rental costs, which most people around the poverty line are paying instead of a mortgage. Since renting is consumptive instead of asset generating.
But yeah, this doesn’t capture the additional disparity between rental and purchase prices, and that’s huge in trying to own your home.
I believe that some parts of housing are included, like rental costs, which most people around the poverty line are paying instead of a mortgage. Since renting is consumptive instead of asset generating.
But yeah, this doesn’t capture the additional disparity between rental and purchase prices, and that’s huge in trying to own your home.