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#1075 Dwarkesh Patel On Why The Future Will Be Wild

The Pomp Podcast

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The CPI Rent Index Is Calculated Based on 19 80 Census Data

The c p i rent index is determined based on 19 80 census data. 33 % of the c p i basket is made up of something called shelter, which is estimate right now to be between five and a half and six % year over year increase. But rents and real estate are both up 12 or more % year every year. So what goes in the shelter? Pucket l how is it that you're counting in the official measurement? 50 percent or less of the value of the increase in rent in real state. If they're not renting, if they're not buying e, what else are they doing? Right? And so they created all kinds of bochet metrics like owner equivalent

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