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ataloss writes,I think that Dominguez went to far in dismissing cpi changes. There is, I think, widespread agreement that cpi overstates the rise in living costs (due to quality improvements substitution and other factors.) Dominguez developed his approach and was teaching classes possibly making it awkward for him to revise his thinking. (One of the disadvantages to being a "guru") Gillette Edmunds suggests in his ER book that homeowners anticipate a lower rise in the cost of living vs. the cpi since they aren't subject to rising housing costs. Gillette Edmunds is obviously not paying for homeowner's insurance in Texas (up 200%-300% for many homeowner's due to the "toxic-mold" problem)intercst(glad he's a renter who can move if it gets moldy <grin>)
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