>It probably doesn't,
If you did a 30 second search, you'd see it's factored into the CPI, with "Shelter" (which further breaks down into rent and owners' equivalent rent) making up 36% of the CPI basket.
If you did a 30 second search, you'd see it's factored into the CPI, with "Shelter" (which further breaks down into rent and owners' equivalent rent) making up 36% of the CPI basket.
Unless owners are completely in the loop in terms of the rental market (which they likely are not, they don't rent), they may not come up with good estimates for what an equivalent rent would be.
https://web.archive.org/web/20241009171432/https://www.bls.g...