The Housing Affordability Index: A Case of Economic Malpractice
Publication Date: December 2002
Publisher: Center for Economic and Policy Research
Author(s): Dean Baker
Research Area: Social conditions
Keywords: Home equity; Stock market; Retirement
Type: Report
Coverage: United States
Abstract:
This paper examines how economists use the Housing Affordability Index. It points out that using the index to determine whether homes are reasonably priced is dangerous, because it fails to take into account the effect of inflation.
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