<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>taurath</author><text>Here&amp;#x27;s the problem - we use the Consumer Price Index to measure inflation, of which &amp;quot;housing&amp;quot; is only 33% - much of which is actually rent, which is quite a bit more inelastic than home prices. If someone buys an 8 unit condo building in 1980 and rents out each unit for a 20% profit, 20 years later they&amp;#x27;re still making a 20% annualized profit and maybe rent hasn&amp;#x27;t increased.&lt;p&gt;Asset inflation is inflation. That &amp;quot;real&amp;quot; inflation, also known as the consumer price index, hasn&amp;#x27;t been going up is a factor of both automation&amp;#x2F;economies of scale and an extremely bifurcated economy in which low end workers are making pennies, toilet paper is cheap, but a house in an area with a working economy costs triple what it did 10 years ago.&lt;p&gt;Here&amp;#x27;s the case shiller national home pricing index:&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;fred.stlouisfed.org&amp;#x2F;series&amp;#x2F;CSUSHPINSA&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;fred.stlouisfed.org&amp;#x2F;series&amp;#x2F;CSUSHPINSA&lt;/a&gt;&lt;p&gt;Compare that to any inflation chart. Its not supposed to be the same, but I posit the &amp;quot;housing&amp;quot; part of the CSI is almost completely inelastic and only reflects what people pay in rent&amp;#x2F;mortgage, not the cost of entry. Housing prices can go up by 20% a year for 5 years and there&amp;#x27;s still no &amp;quot;inflation&amp;quot;.</text><parent_chain></parent_chain></comment><story><title>U.S. inflation likely to remain elevated for up to four years – BofA</title><url>https://www.reuters.com/business/global-markets-bofa-urgent-2021-06-25/</url></story>
<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>notional</author><text>Anyone else get a &amp;quot;2% inflation raise&amp;quot; this year? Have you brought up rising inflation and pointed out that raise doesn&amp;#x27;t match reality? Did your employer agree to give you an extra couple percent?&lt;p&gt;I like my job and my employer but after getting that pittance after last years bs and now high inflation I&amp;#x27;m not sure it&amp;#x27;s worth arguing for a bigger bump retroactively (showing my hand when I don&amp;#x27;t get it) and instead I think it might be easier to just find a new job.</text><parent_chain></parent_chain></comment><story><title>U.S. inflation likely to remain elevated for up to four years – BofA</title><url>https://www.reuters.com/business/global-markets-bofa-urgent-2021-06-25/</url></story>