DISQUS

Christopher S. Penn's Awaken Your Superhero: Government real estate numbers are a load of crap

  • Ari Herzog · 1 year ago
    Interesting, Chris. Delving into Google, I see you only have half the story. Tenants also are computed.

    Here's an extract from the National Association of Home Builders:

    "Housing contributes to the nation’s and states’ output in two basic ways: through residential investment and household spending on housing services. Residential investment includes construction of new single family and multifamily structures (which encompasses the value of input materials), residential remodeling, and production of manufactured homes and brokers’ fees. Spending on housing services includes the amount of rent paid by tenants, the imputed value of housing services to home owners, and consumers’ spending on housing services provided by hotels."
  • John Wall · 1 year ago
    Don't forget, many government figures get "adjustments" or "corrections" on a quarterly basis. This is great when, during a recession pols can say that the figures show there is not recession, and then a year later look at the corrected numbers and say "we did a good job making it through that recession...".
  • Johny · 11 months ago
    Same as you, doesnt make any sense. If you own something, say like an iPod, you`re the owner, you`r not renting it.. Piliticians ...