Owner-occupied housing costs and the consumer price index.

From: New Zealand Economic Papers | Date: June 1, 1998| Author: Bourassa, Steven C. | Copyright information

Owner-occupied housing is difficult to measure in the consumer price index because it is both a consumer good and an investment asset that does not depreciate rapidly and the return on the investment affects the cost of consumption. Again, it is complicated by financing. The rental equivalence method of is shown to be a feasible method to measure costs.

The cost of owner-occupied housing is a difficult and controversial component of the consumer price index. The methods used to measu...

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