Keithr, while you have a point, it is rare or never that resale value considers inflation. Auto leases (residual values), real estate tax computation, etc are not affected by inflation indexing. Maybe in theory they ought to be, but for whatever reason they are not. Businessperson does NOT equal economist. So, while Elizabeth's computations may be 'flawed', it was done the same way as everyone else does it.
Note: just because everyone else does it does not make it right in every case. For example, spelling a plural noun (eg, kids) with an apostrophe (kid's) is not correct, even though every bloody one in my office seems to be doing it! Aaaaargh.
Note: just because everyone else does it does not make it right in every case. For example, spelling a plural noun (eg, kids) with an apostrophe (kid's) is not correct, even though every bloody one in my office seems to be doing it! Aaaaargh.