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It's because the private jets question is stupid. Jets aren't affordable to a median wage earner. "Where did you get the %50 figure from?" It's literally the

It's because the private jets question is stupid. Jets aren't affordable to a median wage earner. "Where did you get the %50 figure from?" It's literally the definition of a median.

mrkeen 4y ago
Yes, you can use the median wage earner to make statements about the 50th percentile wage earner. What does that have to do with homes? You have not explained how you've connected the 50th percentile wage earner to "50% of homes". Bringing up other unrelated items which obviously don't have a %50 <-> %50 mapping should have made that clear.
- throwaway09223 4y ago
  'You have not explained how you've connected the 50th percentile wage earner to "50% of homes".' Yes I did. It's the second paragraph of this post. You may want to read it again keeping in mind your question has already been answered: https://news.ycombinator.com/item?id=35041925 https://news.ycombinator.com/item?id=35041925 "Bringing up other unrelated items which obviously don't have a %50 <-> %50 mapping should have made that clear. " Incorrect, as I've already explained in the above post. Eggs are a fungible commodity, homes aren't.
  - mrkeen 4y ago
    There's plenty of facts I'm willing to take axiomatically at face value: * Avocados aren't houses * Eggs are fungible * Homes are not homogenous * Half of all earners earn above the median * Half of all earners earn below the median > as I've already explained in the above post. Eggs are a fungible commodity, homes aren't. So all I have to do is find a non-fungible commodity X (which is not as "silly" as private jet), and it will follow that 50% of X will be unaffordable to the median buyer?
    - throwaway09223 4y ago
      "So all I have to do is find a non-fungible commodity X" No, that's a contradiction in terms. Homes are non-fungible, non-commodities. You'll also need something in broad demand with a fixed supply.

It's because the private jets question is stupid. Jets aren't affordable to a median wage earner. "Where did you get the %50 figure from?" It's literally the definition of a median.

mrkeen 4y ago

Yes, you can use the median wage earner to make statements about the 50th percentile wage earner. What does that have to do with homes? You have not explained how you've connected the 50th percentile wage earner to "50% of homes". Bringing up other unrelated items which obviously don't have a %50 <-> %50 mapping should have made that clear.

throwaway09223 4y ago
'You have not explained how you've connected the 50th percentile wage earner to "50% of homes".' Yes I did. It's the second paragraph of this post. You may want to read it again keeping in mind your question has already been answered: https://news.ycombinator.com/item?id=35041925 https://news.ycombinator.com/item?id=35041925 "Bringing up other unrelated items which obviously don't have a %50 <-> %50 mapping should have made that clear. " Incorrect, as I've already explained in the above post. Eggs are a fungible commodity, homes aren't.
- mrkeen 4y ago
  There's plenty of facts I'm willing to take axiomatically at face value: * Avocados aren't houses * Eggs are fungible * Homes are not homogenous * Half of all earners earn above the median * Half of all earners earn below the median > as I've already explained in the above post. Eggs are a fungible commodity, homes aren't. So all I have to do is find a non-fungible commodity X (which is not as "silly" as private jet), and it will follow that 50% of X will be unaffordable to the median buyer?
  - throwaway09223 4y ago
    "So all I have to do is find a non-fungible commodity X" No, that's a contradiction in terms. Homes are non-fungible, non-commodities. You'll also need something in broad demand with a fixed supply.