Originally Posted by Waitingformins

I am no expert on inflation, but it does seem a little unrealistic to index to that all the time.
I mean a Cadilac now has A/C blowing through the seats, a 70's Cadilac built brand new today would be much cheaper to build than a 2016 Cadilac. So the cost increase inflation uses is also product improvement. I use to hear it form older guys all the time how much more building a house cost and they were for forgetting the 20k house built in the 60's didn't have 12' ceilings, granite countertops, central A/C, post tension cables in the slab etc etc. A 60's house built identical would be much cheaper and a true reflection of inflation.