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Interesting introduction for a missing article. And that graph… maybe the funniest part is when they chose to only represent a single decade and then note that
by cheschire 3y ago
Interesting introduction for a missing article. And that graph… maybe the funniest part is when they chose to only represent a single decade and then note that one of those ten years doesn’t even have data.
- jncfhnb 3y agoNot really. A ten year trend is decently long and the one missing year in a monotonically increasing trend is unlikely to affect your understanding
- lesuorac 3y agoIIUC, it's because the data only goes back to 2010. https://data.census.gov/table?q=Owner-occupied%20units%20without%20a%20Mortgage&g=010XX00US https://data.census.gov/table?q=Owner-occupied%20units%20wit...
- jeffbee 3y agoIs the value according to the survey participant?
- sokoloff 3y agoThey are census questions, which the census responder fills out: https://www.census.gov/acs/www/about/why-we-ask-each-question/ownership/#:~:text=We%20ask%20about%20whether%20a,about%20rent%20and%20home%20value https://www.census.gov/acs/www/about/why-we-ask-each-questio.... (There's a blue-green box midway down the page that you can expand to see the actual questions.)
- jeffbee 3y agoI see, thanks! It seems like the valuation would suffer from the same problem as "owner imputed rent" component of BLS consumer price index surveys. People who haven't been in the housing market for 30+ years have no idea what the house is worth.