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The Water Cooler
General Discussion
Surging home insurance costs could force families to leave these 10 states (OK is one)
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<blockquote data-quote="SlugSlinger" data-source="post: 4256274" data-attributes="member: 7248"><p>How are they calculating “all” items? A simple average is wrong. If calculating all items, each item must be weighted based on the spend for each item and that will be different for each buyer.</p><p></p><p></p><p></p><p>The items listed here probably should weight the highest since these are probably what the average person spends the most money.</p><p></p><p>And it just makes sense. The higher demand for something, the faster the prices will rise due to that demand. Food and and a place to live are in high demand, so the rate of increase will be higher. And there is a limited supply, which again will cause prices to rise faster.</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 4256274, member: 7248"] How are they calculating “all” items? A simple average is wrong. If calculating all items, each item must be weighted based on the spend for each item and that will be different for each buyer. The items listed here probably should weight the highest since these are probably what the average person spends the most money. And it just makes sense. The higher demand for something, the faster the prices will rise due to that demand. Food and and a place to live are in high demand, so the rate of increase will be higher. And there is a limited supply, which again will cause prices to rise faster. [/QUOTE]
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The Water Cooler
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Surging home insurance costs could force families to leave these 10 states (OK is one)
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