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I don't think it makes sense to expect the median mortgage to be for the median home. For one, all cash sales would appear in the latter data set but not the f
by dllthomas 10y ago
I don't think it makes sense to expect the median mortgage to be for the median home. For one, all cash sales would appear in the latter data set but not the former.
- wahern 10y agoThat's a good point. But in that case the author's phrasing is very misleading. "The monthly mortgage payment for the median house in San Francisco" implies he's calculating the payment from the median price he quoted in the previous sentence. But maybe he's making the same assumption regarding whatever source he's relying on.
- dllthomas 10y agoFair.