Quote:
Originally Posted by smurphy
It is not whenever they feel like. It changes annually based on a cost of living index (not sure which one) on the anniversary date of when the house first was put up for sale. All of the houses in your area probably have the same change date.
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The rate used is CPI-U. That is U for urban workers nationwide. There are hundreds of CPI rates (price indexes) but the CPI-U is the most commonly reported.
It should be no surprise to anyone that the CPI-U is manipulated to be lower than it would otherwise be. The reason for this is so many Federal unfunded liabilities are tied to this CPI such as social security, Federal and military pensions. The manipulation is subtle. The 'basket' that is used to determine food costs, for example is changed periodically to "reflect changes in consumption" less red meat and more chicken, etc. This fails to acknowledge that less red meat is consumed because it is too expensive. In a different ploy housing costs are also under reported.
So, your amenities are actually increasing too slowly. That is if those costs mirror the CPI-U, which they do not