Want to create an interactive transcript for this episode?
Podcast: The Real Estate Espresso Podcast
Episode: When Economic Adjustments Can Mislead You
Description: On today’s show we are taking a look at two different measurements of the exact same thing. Imagine for a moment that you wanted to cut a piece of wood. You take out your trusty tape measure and measure the distance you think you need. But then along comes an economist who says, “Oh no. You’re not going to use that simple tape measure are you? That will only give you a nominal measurement. There are a bunch of adjustments to be made in order to get the real measurement.”This is a joke of course...