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I don't have the full dataset so can't calculate the medians. If you have the data you're welcome to do so and make the comparisons. You continue to act as if
by TimPC 4y ago
I don't have the full dataset so can't calculate the medians. If you have the data you're welcome to do so and make the comparisons. You continue to act as if you've refuted my central point when all you have done is provide a data set that is irrelevant to the region of interest and computed the median of that irrelevant data set.
My point that average while imperfect is still a useful measure. My point is that the irrelevant data is not useful even if you compute a median for it. My point is that I'd rather analyze information about the San Jose real estate market from the average prices of San Jose then the median prices of the US. I also don't think it is close which of those sources is better data.
I'm working with the data I have. Would I like it to be better? Yes.
I also happen to be able to afford to live in the city I live in. I happen to be one of the few in my generation that gets to own a home. I also think my home won't go up 12.5 times in value in my lifetime the way my parent's home did. I think society has its head buried in the sand about how real estate works and I think a reckoning is coming in the next 50 years because of metrics about what costs in hot markets will look like. People hate this message because people are overinvested in real estate to the point where they have multiples of their net worth tied up in a house.
- warrenm 4y agoI found median incomes in Toronto in less than 15 seconds: https://www.areavibes.com/toronto-on/employment/ https://www.areavibes.com/toronto-on/employment/ Median home prices likewise: https://creastats.crea.ca/mls/treb-median-price https://creastats.crea.ca/mls/treb-median-price