Christopher S. Penn's Awaken Your Superhero - Latest Comments in Government real estate numbers are a load of crap

Re: Government real estate numbers are a load of crap

JohnyMontana — Mon, 24 Nov 2008 03:02:42 -0000

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 ...

Re: Government real estate numbers are a load of crap

John Wall — Sun, 31 Aug 2008 07:56:37 -0000

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...".

Re: Government real estate numbers are a load of crap

ariherzog — Fri, 29 Aug 2008 21:09:28 -0000

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."