Discord is laying off 17 percent of employees
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I still don't know what "owner's equivalent rent" is, but it sounds like made-up bullshit to dilute actual rent increases.
Every part of official CPI is designed to hide inflation.
It's what it sounds like. It's the rent that would be equal to the overall cost of owning a home.
Basically they use it to say that if renting an apartment costs $700 a month with utilities it's better to rent than to own a home with a $600 mortgage and $300 in utilities and upkeep.
Basically it's a "you will own nothing and be happy" cope.