If that's your only explicit criticism, then that's not much of a criticism.
The author was clearly referring to stocks, bonds, and other financial instruments when discussing asset price inflation (he refers specifically to "risk assets"). And then, at the end, he didn't "agree" that there is some inflation in the real estate space:
> Of course, there are areas of the country where housing prices are out of control. But this is how averages work. Some data points are above average while others are below average.
In any case, I don't believe that he's arguing against a strawman. I've seen plenty of discussions on HN alone that the "true" inflation is much higher than the reported inflation, and that this can only be measured by looking at BitCoin prices, for instance.
The author was clearly referring to stocks, bonds, and other financial instruments when discussing asset price inflation (he refers specifically to "risk assets"). And then, at the end, he didn't "agree" that there is some inflation in the real estate space:
> Of course, there are areas of the country where housing prices are out of control. But this is how averages work. Some data points are above average while others are below average.
In any case, I don't believe that he's arguing against a strawman. I've seen plenty of discussions on HN alone that the "true" inflation is much higher than the reported inflation, and that this can only be measured by looking at BitCoin prices, for instance.