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Have to disagree. If you've bought a home on the open market in San Jose in the last three months, the median price you paid is $1 million. That's what a "typic
by michael_storm 10y ago
Have to disagree. If you've bought a home on the open market in San Jose in the last three months, the median price you paid is $1 million. That's what a "typical home in San Jose" "costs". Homes not on the open market don't have a cost; they have an appraised value. The market defines the cost.
- foota 10y agoI'm selling a home in Antarctica, where the median home value is a billion dollars, for a billion dollars. Interested in buying?
- princeb 10y agowell, now i'm selling two homes in Antarctica for 50 cents each.
- rjbwork 10y agoWow! The market dropped by 66% in less than half an hour!
- princeb 10y agonot the one downmodding you but.. haha no it doesn't! the median lost almost all its value because the median of (0.5, 0.5, 1e9) is 0.5
- rjbwork 10y agoYeah. It was just a dumb joke so i just said a regular old mean average. Am I still wrong? I don't really know much about real estate practices.