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How can three states be tied at such a specific amount? Did they digitize a histogram or something?
by cozzyd 3y ago
How can three states be tied at such a specific amount? Did they digitize a histogram or something?
- mh- 3y agoYeah, that's one of those "data smells" that makes me disregard the entire thing since they don't offer a credible (or any) explanation that explains a 3-way tie. Reproducing here for reference: Florida $98,670 17.0% Hawaii $98,670 17.0% Washington, D.C. $98,670 20.9%
- cozzyd 3y agoWhat's more the supposed source has completely different numbers... The most charitable explanation is probably that this was written by an LLM...
- mh- 3y agoIt's definitely written by someone who doesn't understand how mortgages work in the US. That "someone" could certainly be an LLM. > However looking at the percentage of the total value put down as a down payment in those states (10%) indicates homebuyers there tend to have longer repayment plans. edit: or being more charitable, I'm completely misinterpreting this passage? Down payments don't change the length of a mortgage.
- qsi 3y agoYes, they link to Bankrate [0] where FL has a median of $66k, HI is at $210k and CA at $141k. And the numbers they present at the lower end seem much too low as well. None of this makes sense. [0] https://www.bankrate.com/mortgages/average-down-payment/#what-is https://www.bankrate.com/mortgages/average-down-payment/#wha...
- nopeYouAreWrong 3y agoI don't want to be this guy, but can we get this whole thing removed? the lack of integrity here seems anathema to HN
- add-sub-mul-div 3y agoIf it turns out it really was written by AI and these errors are as dumb as they look the whole domain should be blocked and the numerous past submissions from there removed.