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No, I was looking up local statistics for the same areas where I have lived in Northern California. There is an order of magnitude or more discrepancy- somethin
by _yb2s 3y ago
No, I was looking up local statistics for the same areas where I have lived in Northern California. There is an order of magnitude or more discrepancy- something does not add up.
- lotsofpulp 3y agoI do not see the connection between homelessness and statistics showing economic booms. For example, 20% of people can be experiencing none of the economic gains. That is the problem with average statistics that do not show the change in distribution.
- _yb2s 3y agoExactly, that is the point....
- lotsofpulp 3y agoI wish data was published by decile instead of just mean or median averages. Another thing that confounds people is that they are comparing themselves to a certain socioeconomic class not well represented in the data. For example, if you are on this forum, you are probably in the socioeconomic class that works for well funded businesses, and own equity in the public markets, and even more so, equity in the most profitable portions of the public equity markets. That means if you are competing for goods and services (including land) with people who have those characteristics, then your perceived rate of inflation is going to be very different than someone who is competing with people in different socioeconomic classes. For example, a lifestyle that involves eating avocados regularly, flying at least a few times per year, and most importantly, buying land in a region where other people in the top 10% or 20% are also competing to buy land.